Company: CRCL
Filing Date: 2025-08-12
Form Type: S-1
Source: 0001193125-25-178989
Chunk: 35

Company: Circle Internet Group, Inc.
Filing Date: 2025-08-12
Form: S-1
Chunk 35
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 to one vote per share; Class B common stock, which is entitled to 5 votes per share (but the aggregate voting power of Class B common stock cannot exceed 30% of the total voting power of our capital stock); and Class C common stock, which does not have any voting power other than to the extent set forth in our certificate of incorporation or otherwise required by applicable law. Holders of our common stock vote together as a single class on all matters, except as otherwise set forth in our certificate of incorporation or as required by applicable law. See “Description of capital stock.” |

| Concentration of voting power | Our Class B common stock, which is held by our founders, Jeremy Allaire and P. Sean Neville, and certain entities controlled by our founders, will represent 30% of the total voting power of our outstanding common stock following this offering. |

| Conversion rights | Our Class A common stock is not convertible into any other securities. Our Class B common stock is convertible into Class A common stock on a one-for-one basis at the option of the holder. In addition, our Class B common stock will automatically convert into Class A common stock on a one-for-one basis upon any transfer, except for permitted transfers described in our certificate of incorporation, and in certain other circumstances such as the earliest of (1) in the case of any Class B common stock held by any entity controlled by Jeremy Allaire or P. Sean Neville, upon such entity ceasing to be controlled by Jeremy Allaire or P. Sean Neville, (2) the first day on which the aggregate number of shares of Class B common stock held by Jeremy Allaire and certain entities controlled by Jeremy Allaire is less than 50% of the aggregate number of |

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| shares of Class B common stock held by Jeremy Allaire and such entities on the closing date of our initial public offering, (3) the first day on which Jeremy Allaire is neither our Chief Executive Officer nor Chairperson of our board of directors, and (4) five years after the closing of our initial public offering. Our Class C common stock is convertible into Class A common stock on a one-for-one basis in connection with certain assignments and transfers. See “Description of capital stock—Common stock—Conversion, exchange, and transferability.” |

| Use of proceeds | We estimate that the net proceeds to us from this offering will be approximately $309.4 million, or approximately $542.6 million if the underwriters exercise their option to purchase additional shares in full,