Company: CRCL
Filing Date: 2025-08-12
Form Type: S-1
Source: 0001193125-25-178989
Chunk: 476

Company: Circle Internet Group, Inc.
Filing Date: 2025-08-12
Form: S-1
Chunk 476
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 otherwise as a matter of law. The proposed form of underwriting agreement filed as Exhibit 1.1 to this registration statement provides for indemnification of directors and officers of the registrant by the underwriters against certain liabilities. II-1

Item 15. Recent sales of unregistered securities During the past three years, we have issued and sold the securities described below without registering the securities under the Securities Act:

| • |     | In April 2023, we issued warrants to purchase 4,506,264 common shares of a consolidated subsidiary, which will be automatically converted one for one to our Class A common stock, to a commercial counterparty. No underwriters were involved in this transaction. The transaction was exempt from registration under Section 4(a)(2) of the Securities Act in that the transaction was between an issuer and a sophisticated investor and did not involve any public offering. |

| • |     | In August 2023, we issued warrants to purchase 3,562,139 common shares of a consolidated subsidiary, which will be automatically converted one for one to our Class A common stock, to a commercial counterparty. No underwriters were involved in this transaction. The transaction was exempt from registration under Section 4(a)(2) of the Securities Act in that the transaction was between an issuer and a sophisticated investor and did not involve any public offering. |

| • |     | In August 2023, we issued 8,367,442 shares of our common stock, with a fair value of $209.9 million, as consideration for the Centre Acquisition. The securities were issued to a digital assets exchange. No underwriters were involved in this transaction. The transaction was exempt from registration under Section 4(a)(2) of the Securities Act in that the transaction was between an issuer and a sophisticated investor and did not involve any public offering. |

| • |     | On July 1, 2024, we consummated a scheme of arrangement, pursuant to which issued ordinary shares and preferred shares in the capital of Circle Internet Financial Limited were cancelled and, in connection with such cancellation, Circle Internet Group, Inc. issued an equivalent number of shares of its capital stock of the same class and series to then-shareholders of Circle Internet Financial Limited. In this transaction, we issued 55,881,969 shares of Class A common stock, 33,620,690 shares of Series A preferred stock, 17,586,205 shares of Series B preferred stock, 18,445,