Company: CRCL
Filing Date: 2025-02-13
Form Type: DRS/A
Source: 0000950123-25-001965
Chunk: 337

Company: Circle Internet Group, Inc.
Filing Date: 2025-02-13
Form: DRS/A
Chunk 337
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 E Preferred
Shares at a conversion rate of $16.23 per share.

The Company has elected the fair value option for recording its convertible notes on the Consolidated Balance
Sheets, which are recorded at a net discount on acquisition date. The fair value of outstanding convertible notes was $58.5 million and $78.3 million as of December 31, 2023 and 2022, respectively, and are reflected as Convertible debt, net of debt discounton the Consolidated Balance Sheets. The debt discount is amortized and included in Other income (expense), netin the Consolidated Statements of Operations. The change in fair value of the convertible notes is
included in Other income (expense), netin the Consolidated Statements of Operations.

15. Stockholders’ equity

Common stock

In accordance with the Constitution dated May 14,
2018, as amended, the Company is authorized to issue 262,500,000 shares of common stock (known as “ordinary shares”) with a par value of $0.0001 per share and 262,500,000 shares of non-voting common stock with a par value of $0.0001 per
share.

F-43

CONFIDENTIAL TREATMENT REQUESTED BY CIRCLE INTERNET GROUP, INC. PURSUANT TO 17 C.F.R. § 200.83 The voting, dividend and liquidation rights of the holders of the common stock are subject to and qualified by the rights, powers, and preferences of the holders of the preferred stock as detailed in the Constitution. The holders of Circle’s voting common stock are entitled to one vote for each share of common stock held, subject to certain limitations pertaining to the Circle’s preferred stock. As of December 31, 2023 and 2022, the Company has the following number of common shares reserved:

|                                                                   |     |     | December 31, 
         2023 |     |     | December 31, 
         2022 |
|:------------------------------------------------------------------|:----|:----|-------------:|:----|:----|-------------:|
| Conversion of Series A redeemable convertible preferred stock     |     |     |   33,620,690 |     |     |   33,620,690 |
| Conversion of Series B redeemable convertible preferred stock     |     |     |   17,586,205 |     |     |   17,586,205 |
| Conversion of Series C redeemable convertible preferred