On September 4, 2026, Circle Internet Group entered a Share Purchase Agreement to acquire Tazapay Pte. Ltd., a Singapore-based B2B cross-border payments platform. The aggregate consideration is valued at $400 million, payable in shares of Circle Class A common stock calculated based on the 20-day volume-weighted average closing price preceding the closing date. Approximately 8% of the shares are subject to indemnity holdbacks released over 18 and 48 months. The transaction includes $25 million in restricted stock unit incentives for Tazapay employees and requires regulatory approvals, including from the Monetary Authority of Singapore, with a target close in 2027. Circle operates as a global financial technology firm and issuer of the USDC stablecoin.
