Company: CRCL
Filing Date: 2025-08-04
Form Type: DRS
Source: 0000950123-25-006942
Chunk: 109

Company: Circle Internet Group, Inc.
Filing Date: 2025-08-04
Form: DRS
Chunk 109
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 stock has been trading on the NYSE for a limited period of time, and there can be no assurance that an active, liquid trading market will be maintained over the long-term. We cannot predict whether and to what extent investor interest in our company may shift, which could impact our trading market on the NYSE and our liquidity. If an active trading market is not maintained, you may have difficulty selling any of our Class A common stock that you purchase. The multiple series structure of our common stock may depress the trading price and liquidity of our Class A common stock. The multiple series structure of our common stock may result in a lower or more volatile market price of our Class A common stock or other adverse consequences. For example, certain index providers restrict inclusion of companies with multiple class share structures in certain of their indexes. In addition, certain proxy advisory firms oppose the use of dual or multiple class structures. As a result, the multiple series structure of our common stock may prevent the inclusion of our Class A common stock in certain indices and may cause proxy advisory firms to publish negative commentary about our corporate governance practices or otherwise seek to cause us to change our capital structure, which could result in a less active trading market for our Class A common stock and adversely affect the value of our Class A common stock. In addition, the difference in the voting rights of the various series of our common stock could harm the value of our Class A common stock to the extent that any investor or potential future purchaser of our Class A common stock ascribes value to the superior voting power of our Class B common stock. The market price of our Class A common stock may fluctuate significantly, and you may not be able to resell your shares at or above the public offering price. The public offering price of shares of our Class A common stock is, or will be, determined by negotiation between us, the selling stockholders, and the underwriters and may not be indicative of prices that will prevail following the completion of this offering. The market price of shares of our Class A common stock may decline below the public offering price, and you may not be able to resell your shares of our Class A common stock at or above the public offering price. The trading price of our Class A common stock may be volatile and subject to wide price fluctuations in response to various factors, including:

| • |     | market conditions in the broader stock market in general, or in our industry in particular; |

| • |     | actual or anticipated fluctuations in our quarterly financial and operating results; |

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