secwatch.observer — SEC 8-K summary
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Issuer:     Gemini Space Station, Inc. (GEMI)
CIK:        0002055592
Form:       8-K
Filed at:   2025-09-15T23:59:59+00:00
Accession:  0001104659-25-090073
Event type: other_material
Sentiment:  positive
Materiality: 0.90
Item codes: 3.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2055592/000110465925090073/0001104659-25-090073-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2055592/000110465925090073/tm255912d37_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-090073

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