Company: CRCL
Filing Date: 2025-05-16
Form Type: S-1/A
Source: 0001193125-25-121234
Chunk: 378

Company: Circle Internet Group, Inc.
Filing Date: 2025-05-16
Form: S-1/A
Chunk 378
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 and the Company recorded a gain on the sale of $21.6 million recorded to Gain on sale of intangible assets on the Consolidated Statements of Operations.

Other transactions

Merger agreement termination

In July 2021, the Company entered into a merger agreement with Concord Acquisition Corp. (“Concord”), a blank check company
incorporated in the State of Delaware and formed for the purpose of effecting a merger. In February 2022, the merger agreement with Concord was terminated and the Company entered into a new transaction agreement with Concord. In December 2022, the
Company and Concord announced the mutual termination of its proposed business combination. As a result, the Company recorded $44.2 million of merger termination costs, consisting of 396,514 shares of Company’s common stock, expense
reimbursements, forgiveness of a promissory note, and the recognition of previously capitalized transaction related expenses for the year ended December 31, 2022.

F-56

4. Available-for-sale debt securities Available-for-sale debt securities The cost basis, fair values and gross unrealized gains and losses of available-for-sale debt securities, at fair value are as follows (in thousands):

| Table 4.1. Details of Available-for-sale Debt Securities |     | December 31, 2024 |   |     |            |   |     |            |   |     |       |   |     | December 31, 2023 |         |     |            |     |     |            |     |   |     |       |         |
|:---------------------------------------------------------|:----|:------------------|:--|:----|:-----------|:--|:----|:-----------|:--|:----|:------|:--|:----|:------------------|--------:|:----|:-----------|----:|:----|:-----------|:----|:--|:----|:------|--------:|
|                                                          |     | Amortized         
 Cost              |   |     | Unrealized 
 Gains      |   |     | Unrealized 
 Losses     |   |     | Fair  
 Value |   |     | Amortized         
 Cost              |         |     | Unrealized 
 Gains      |     |     | Unrealized 
 Losses     |     |   |     | Fair  
 Value |         |
| U.S. Treasury securities                                 |     | $                 | — |     | $          | — |