Company: CRCL
Filing Date: 2025-05-27
Form Type: S-1/A
Source: 0001193125-25-126208
Chunk: 354

Company: Circle Internet Group, Inc.
Filing Date: 2025-05-27
Form: S-1/A
Chunk 354
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.27 per share for total cash proceeds of $9.0 million.

In 2014, the Company issued 17.6 million shares of Series B redeemable convertible preferred stock (“Series B Preferred Stock”), par value of $0.0001, at
a purchase price of approximately $0.97 per share for total cash proceeds of $17.0 million.

In 2015, the Company issued 23.1 million of Series C
redeemable convertible preferred stock (“Series C Preferred Stock”) and Series C-1 redeemable convertible preferred stock (“Series C-1 Preferred
Stock”), par value of $0.0001, at a purchase price of approximately $2.17 per share for total cash proceeds of $50.1 million.

F-24

In 2016 and 2017, the Company issued a total of 23.2 million of Series D redeemable convertible preferred
stock (“Series D Preferred Stock”), par value of $0.0001, at a purchase price of approximately $2.76 per share for total cash proceeds of $64.1 million, net of $0.1 million of issuance costs.

In 2018, the Company issued 9.1 million of Series E redeemable convertible preferred stock (“Series E Preferred Stock”) par value of $0.0001, at a
purchase price of approximately $16.23 per share for total cash proceeds of $148.9 million.

In October 2019, 4.6 million shares of Series C Preferred
Stock were forfeited.

In March 2022, the holders of the Company’s convertible notes automatically converted their principal balance of $451.0 million into
27.8 million shares of Series E Preferred Stock at a conversion rate of $16.23 per share. The fair value of the convertible notes as of the conversion date was $1,525.0 million, of which $451.0 million principal balance was converted
to Series E Preferred Stock and $1,074.0 million was recorded in Additional paid-in capital.

In May 2022, the Company
issued 9.5 million of Series F redeemable convertible preferred stock (“Series F Preferred Stock”) par value of $0.0001, at a purchase price of approximately $42.14 per share for total cash proceeds of $401.0 million.

In September 2024, a portion of the holders of the Company’s convertible notes converted their principal balance of $8.3 million into