Kraken-backed SPAC files for $250 million initial public offering [Yahoo! Finance]
Gemini Space Station, Inc. - Class A (GEMI)
Company Research
Source: Yahoo! Finance
The blank-check company, registered in the Cayman Islands, said it plans to offer 25 million units at $10 each. Each unit will include one Class A ordinary share and a fraction of a warrant to buy more. If approved, KRAKacquisition will trade under the ticker “KRAQU” on the Nasdaq Global Market. Spanish banking giant Santander is listed as the sole book-running manager. While the company hasn't chosen a target, the SPAC is expected to focus on businesses in the cryptocurrency industry. The offering gives Kraken a new route to bring such companies into public markets, while potentially bolstering its own stack of crypto infrastructure services. KRAKaquision's name hints at a link between the SPAC and Kraken's own payments solution, Krak. Kraken has itself been moving toward an IPO after it raising $500 million in a funding round that valued it at $15 billion back in September. In December, it acquired tokenization specialist Backed Finance. The filing follows the footsteps o
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GEMI
News
- Kraken-Backed SPAC Files for Nasdaq IPO [Yahoo! Finance]Yahoo! Finance
- BitGo aims to raise $201 million in IPO targeting $1.85 billion valuation [Yahoo! Finance]Yahoo! Finance
- Gavin Newsom 'Stealing' People's Bitcoin? Gemini Exchange Co-Founder Accuses California Governor Of Feeding His 'Money Pit' Machine [Yahoo! Finance]Yahoo! Finance
- Assessing Gemini Space Station (GEMI) Valuation After Recent Three Month Share Price Weakness [Yahoo! Finance]Yahoo! Finance
- Gemini Space Station (NASDAQ:GEMI) had its price target lowered by analysts at Needham & Company LLC from $35.00 to $23.00. They now have a "buy" rating on the stock.MarketBeat
GEMI
Earnings
- 11/10/25 - Miss
GEMI
Sec Filings
- 1/14/26 - Form SEC
- 1/14/26 - Form SEC
- 1/14/26 - Form SEC
- GEMI's page on the SEC website