Company: CRCL
Filing Date: 2025-02-13
Form Type: DRS/A
Source: 0000950123-25-001965
Chunk: 340

Company: Circle Internet Group, Inc.
Filing Date: 2025-02-13
Form: DRS/A
Chunk 340
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,205 shares of Series B redeemable convertible preferred stock (“Series B Preferred Stock”), par value of $0.0001, at a
purchase price of approximately $0.97 per share for total cash proceeds of $17.0 million.

In 2015, the Company issued 23,051,123 of Series C redeemable
convertible preferred stock (“Series C Preferred Stock”) and Series C-1 redeemable convertible preferred stock (“Series C-1 Preferred Stock”), par
value of $0.0001, at a purchase price of approximately $2.17 per share for total cash proceeds of $50.1 million.

In 2016 and 2017, the Company issued a total
of 23,202,679 of Series D redeemable convertible preferred stock (“Series D Preferred Stock”), par value of $0.0001, at a purchase price of approximately $2.76 per share for total cash proceeds of $64.1 million, net of
$0.1 million of issuance costs.

In 2018, the Company issued 9,077,030 of Series E redeemable convertible preferred stock (“Series E Preferred
Stock”), par value of $0.0001, at a purchase price of approximately $16.23 per share for total cash proceeds of $148.9 million.

In October 2019, 4,605,680
shares of Series C Preferred Stock were forfeited.

In March 2022, the holders of the Company’s convertible notes automatically converted their principal
balance of $451.0 million into 27,789,557 shares of Series E Preferred Shares at a conversion rate of $16.23 per share. The fair value of the convertible notes as of the conversion date was $1,525.0 million, of which $451.0 million
principal balance was converted to Series E Preferred Shares and $1,074.0 million was recorded in Additional paid-in capital in the Consolidated Balance Sheets as of December 31, 2022.

In May 2022, the Company issued 9,515,886 of Series F redeemable convertible preferred stock (“Series F Preferred Stock”) par value of $0.0001, at a purchase
price of approximately $42.14 per share for total cash proceeds of $401.0 million.

The holders of the Series A, Series B, Series C, Series D, Series E and
Series F preferred stock (collectively, “Voting Preferred Stock”) have