Circle Internet Group (CRCL) announced it has entered into a definitive Share Purchase Agreement on September 4, 2026, to acquire Tazapay Pte. Ltd., a Singapore-based private company. The transaction consideration is valued at approximately $400 million and will be paid entirely in Circle's Class A common stock.
Key Details
- Transaction Value: The aggregate consideration is $400 million, payable in Circle's Class A common stock. The number of shares issued will be based on the 20-day volume-weighted average price of CRCL stock prior to the closing date.
- Target Company: The acquisition target is Tazapay Pte. Ltd., a private company incorporated under the laws of Singapore.
- Indemnity Holdbacks: The agreement includes two holdbacks from the consideration shares to cover indemnification obligations: a 5% holdback to be released over 18 months and an additional 3% holdback to be released over 48 months post-closing.
- Employee Incentives: Following the transaction's close, Circle will grant an aggregate of $25 million in restricted stock units (RSUs) to certain Tazapay employees.