Circle expands Binance pact, raises $100M via 1.24M share sale

Circle Internet Group, Inc.

Expanded Binance partnership: 5-year term, monthly incentive fee based on USDC held through Circle Modular Smart Contract Wallet.
Binance to promote USDC on platform; new deal supersedes Nov 2024 and Aug 2025 agreements.
Circle issued 1,237,011 Class A shares to Binance at $80.84/share for $100M gross proceeds (discount to market).
Binance locked up from selling/hedging Subscribed Shares for 2 years, with customary exceptions.

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