Company: CRCL
Filing Date: 2025-04-01
Form Type: S-1
Source: 0001193125-25-070481
Chunk: 113

Company: Circle Internet Group, Inc.
Filing Date: 2025-04-01
Form: S-1
Chunk 113
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 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.

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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 initial public offering price. The initial 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 initial public offering price, and you may not be able to resell your shares of our Class A common stock at or above the initial 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; |

| • |     | introduction of new products and services by us or our competitors; |

| • |     | issuance of new or changed securities analysts’ reports or recommendations; |

| • |     | sales of large blocks of our stock; |

| • |     | additions or departures of key personnel; |

| • |     | regulatory developments; |

| • |     | litigation and governmental investigations; |

| • |     | economic and political conditions or events; and |

| • |     | the other factors described in this “Risk factors” section. |

These and other factors may cause the market price and demand for our Class A common stock to fluctuate substantially, which may limit or prevent investors from readily selling their shares of Class