Company: CRCL
Filing Date: 2025-04-18
Form Type: S-1/A
Source: 0001193125-25-084832
Chunk: 361

Company: Circle Internet Group, Inc.
Filing Date: 2025-04-18
Form: S-1/A
Chunk 361
---
 strenuously disputes the financial advisor’s demand for any fees in connection with the transactions, which have all been conducted without the financial advisor’s assistance. On May 28, 2024, the financial advisor filed a lawsuit regarding the dispute. The Company does not believe that the outcome of the dispute at this point can be reasonably quantified or estimated. Commitments and other contingencies Current tax rules related to stablecoins require significant judgments to be made in interpretation of the law, including but not limited to the withholding tax, income tax and information reporting. Additional guidance may be issued by U.S. and non-U.S. governing bodies that may significantly differ from the Company’s interpretation of the law, which could have unforeseen effects on our financial condition and results of operations, and as a result, the related impact on our financial condition and results of operations is not estimable but could be material. 24. Circle Reserve Fund Circle Reserve Fund has an April 30 fiscal year-end and prepares its financial statements on a semi-annual basis. Financial information of the Circle Reserve Fund is summarized as follows (in thousands):

| Selected Assets and Liabilities Information: |     | 2024 (1) |            |     | 2023 (2) |            |
|:---------------------------------------------|:----|:---------|-----------:|:----|:---------|-----------:|
| Total assets                                 |     | $        | 30,567,886 |     | $        | 23,595,866 |
| Total liabilities                            |     | $        |    129,015 |     | $        |    107,939 |

F-52

| Selected Income Statement Information:               |     | 2024 (1) |           |     | 2023 (2) |           |
|:-----------------------------------------------------|:----|:---------|----------:|:----|:---------|----------:|
| Total investment income                              |     | $        | 1,460,787 |     | $        | 1,173,135 |
| Net increase in net assets resulting from operations |     | $        | 1,437,053 |     | $        | 1,151,901 |

| (1) |     | Summarized financial information is as of October 31, 2024 and for the fiscal year then ended. |

| (2) |     | Summarized financial information is as of October 31, 2023 and for the period from