Company: CRCL
Filing Date: 2025-02-13
Form Type: DRS/A
Source: 0000950123-25-001965
Chunk: 109

Company: Circle Internet Group, Inc.
Filing Date: 2025-02-13
Form: DRS/A
Chunk 109
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. We cannot predict the extent to which investor interest in our company will lead to the development of a trading market on the Exchange or how liquid that market may become. If an active trading market does not develop, you may have difficulty selling any of our common stock that you purchase. The market price of our 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 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 common stock may decline below the initial public offering price, and you may not be able to resell your shares of our common stock at or above the initial public offering price. The trading price of our 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; |

68

CONFIDENTIAL TREATMENT REQUESTED BY CIRCLE INTERNET GROUP, INC. PURSUANT TO 17 C.F.R. § 200.83

| • |     | 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 common stock to fluctuate substantially, which may limit or prevent investors from readily selling their shares of common stock and may otherwise negatively affect the liquidity of our common stock. In addition, in the past, when the market price of a stock has been volatile, holders of that stock have instituted securities class action litigation against the company that issued the stock. If any of our stockholders brought a lawsuit against us, we could incur substantial costs defending the lawsuit. Such a lawsuit could also divert the time and attention of our management from