Company: CRCL
Filing Date: 2025-08-12
Form Type: S-1
Source: 0001193125-25-178989
Chunk: 425

Company: Circle Internet Group, Inc.
Filing Date: 2025-08-12
Form: S-1
Chunk 425
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 price of approximately $ 0.27 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. 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 27,790 thousand 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 F-7 3

$ 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