Gemini Space Station closes IPO raising $433.4M; concurrent private placement to Nasdaq Inc. for $50M

Gemini Space Station, Inc.

Closed IPO of 15,937,501 shares of Class A common stock at $28.00 per share on September 15, 2025.
Gross proceeds to company from IPO were approximately $433.4 million before underwriting discounts and expenses.
Concurrently sold 1,904,761 shares to Nasdaq, Inc. at $26.25 per share in a private placement, grossing $50M.
Amended and restated articles of incorporation and bylaws became effective upon IPO closing.
Underwriters exercised option in full, purchasing an additional 300,565 shares from the company and 458,364 from selling stockholders.

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