Company: CRCL
Filing Date: 2025-08-12
Form Type: S-1
Source: 0001193125-25-178989
Chunk: 324

Company: Circle Internet Group, Inc.
Filing Date: 2025-08-12
Form: S-1
Chunk 324
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 underwriters create a naked short position, they will purchase shares in the open market to cover the position. The underwriters have advised us that, pursuant to Regulation M of the Securities Act, they may also engage in other activities that stabilize, maintain, or otherwise affect the price of the Class A common stock, including the imposition of penalty bids. This means that if the representatives of the underwriters purchase Class A common stock in the open market in stabilizing transactions or to cover short sales, the representatives can require the underwriters that sold those shares as part of this offering to repay the underwriting discounts and commissions received by them. These activities may have the effect of raising or maintaining the market price of the Class A common stock or preventing or retarding a decline in the market price of the Class A common stock, and, as a result, the price of the Class A common stock may be higher than the price that otherwise might exist in the open market. If the underwriters commence these activities, they may discontinue them at any time. The underwriters may carry out these transactions on the NYSE, in the over-the-counter market or otherwise. The public offering price will be determined by negotiations between us, the selling stockholders, and the representatives of the underwriters. In determining the public offering price, we, the selling stockholders, and the representatives of the underwriters expect to consider a number of factors, including:

| • |     | the information set forth in this prospectus and otherwise available to the representatives; |

| • |     | our prospects and the history and prospects for the industry in which we compete; |

| • |     | an assessment of our management; |

| • |     | our prospects for future earnings; |

| • |     | the general condition of the securities markets at the time of this offering; |

| • |     | the recent market prices of, and demand for, publicly traded common stock of generally comparable companies; and |

| • |     | other factors deemed relevant by the underwriters and us. |

Neither we, the selling stockholders, nor the underwriters can assure investors that an active trading market for our Class A common stock will be maintained, or that the shares will trade in the public market at or above the public offering price. Certain of the underwriters and their affiliates have provided in the past to us and our affiliates and may provide from time to time in the future certain commercial banking, financial advisory, investment banking, lending, and other services for us and such affiliates