Company: CRCL
Filing Date: 2025-04-01
Form Type: S-1
Source: 0001193125-25-070481
Chunk: 358

Company: Circle Internet Group, Inc.
Filing Date: 2025-04-01
Form: S-1
Chunk 358
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 thereof be converted at any time into fully-paid common stock. In addition, each preferred share shall automatically be converted into common stock upon the closing of an underwritten public offering of the Company’s common stock at a price per share of not less than $32.64, subject to certain adjustments, where the Company receives proceeds of $150.0 million or more. The number of Class A Common Stock and Class B Common Stock into which each Series A or Series B or Series C or Series C-1or Series D or Series E or Series F preferred stock may be converted shall be determined by dividing the Series A or Series B or Series C or Series C-1or Series D or Series E or Series F original price by the Series A or Series B or Series C or Series C-1or Series D or Series E or Series F conversion price (as defined in the Charter), in effect at the time of the conversion, as applicable. Following is a presentation of the key characteristics and shares outstanding for each class of the Company’s preferred stock as of December 31, 2024:

| Table 17. Details of Preferred Stocks 
 Preferred stock class                 |     | Issue Date |           |     | Issue 
 price |       |     | Conversion 
 price      |       |     | Liquidation 
 preference  |       |     | Shares issued and 
 outstanding (in   
 thousands)        |        |
|:--------------------------------------|:----|:-----------|:----------|:----|:------|------:|:----|:-----------|------:|:----|:------------|------:|:----|:------------------|-------:|
| Series A                              |     |            | 8/22/2013 |     | $     |  0.27 |     | $          |  0.27 |     | $           |  0.27 |     |                   | 33,621 |
| Series B                              |     |            | 2/26/2014 |     | $     |  0.97 |     | $          |  0.97 |     | $           |  0.97 |     |                   | 17,586 |
| Series C                              |     |            | 4/10/2015 |     | $     |  2.17 |     | $          |  2.17 |     | $           |  2.17 |     |                   | 18,445