Company: CRCL
Filing Date: 2025-06-02
Form Type: S-1/A
Source: 0001193125-25-132755
Chunk: 407

Company: Circle Internet Group, Inc.
Filing Date: 2025-06-02
Form: S-1/A
Chunk 407
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 to be redeemed, Circle will redeem the remaining shares to be redeemed as soon as there are sufficient profits available for distribution. Conversion The Preferred Stock may at the option of the holder thereof be converted at any time into fully-paid common stock. In addition, each preferred share shall automatically be converted into common stock upon the closing of an underwritten public offering of the Company’s common stock at a price per share of not less than $32.64, subject to certain adjustments, where the Company receives proceeds of $150.0 million or more. The number of Class A Common Stock and Class B Common Stock into which each Series A or Series B or Series C or Series C-1or Series D or Series E or Series F preferred stock may be converted shall be determined by dividing the Series A or Series B or Series C or Series C-1or Series D or Series E or Series F original price by the Series A or Series B or Series C or Series C-1or Series D or Series E or Series F conversion price (as defined in the Charter), in effect at the time of the conversion, as applicable. Following is a presentation of the key characteristics and shares outstanding for each class of the Company’s preferred stock as of December 31, 2024:

| Table 17. Details of Preferred Stocks 
 Preferred stock class                 |     | Issue Date |           |     | Issue 
 price |       |     | Conversion 
 price      |       |     | Liquidation 
 preference  |       |     | Shares issued and 
 outstanding (in   
 thousands)        |        |
|:--------------------------------------|:----|:-----------|:----------|:----|:------|------:|:----|:-----------|------:|:----|:------------|------:|:----|:------------------|-------:|
| Series A                              |     |            | 8/22/2013 |     | $     |  0.27 |     | $          |  0.27 |     | $           |  0.27 |     |                   | 33,621 |
| Series B                              |     |            | 2/26/2014 |     | $     |  0.97 |     | $          |  0.97 |     | $           |  0.97 |     |                   | 17,586 |
| Series C                              |     |            | 4/10/2015 |     | $     |