Gemini Faces Class-Action Lawsuit Over Alleged Investor Misleading After IPO Strategy Shift

TLDR: Gemini’s stock has collapsed over 80% from its $32 IPO price, closing at $6.01 on Thursday after the lawsuit was filed. A New York class-action suit alleges Gemini hid a major strategy overhaul from investors ahead of its September 2025 IPO. Gemini’s net loss widened to $140.8 million in Q4 2025, with full-year losses [...]

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