Gemini Space Station said three senior executives are departing effective immediately, with co-founder Cameron Winklevoss set to assume expanded responsibilities following the firm’s Nasdaq listing.
In a filing with the US Securities and Exchange Commission, the company said it would part ways with chief operating officer Marshall Beard, chief financial officer Dan Chen and chief legal officer Tyler Meade.
“We expect to enter into a separation agreement with each of these individuals with potential eligibility to provide additional transition services for a limited period of time in exchange for continued base salary and employee benefits for the duration of such period,”
Said Gemini.
The company does not plan to replace Beard, who also resigned from the board, while Danijela Stojanovic has been appointed interim CFO and Winklevoss is expected to take on revenue-generating responsibilities.
The leadership overhaul comes about five months after Gemini raised $425 million in its September Nasdaq debut, and shares were trading at $6.54, down more than 13%, following the announcement.
Gemini recently said it would refocus on the US market and its prediction platform, cutting 25% of staff as it exited the United Kingdom, European Union and Australia.
The company also previewed 2025 net revenue of $165 million to $175 million compared with $141 million in 2024, citing higher services revenue driven by growth in its credit card business.