Press release
NASDAQ: CELH Investor Notice: Investigation over possible Violations of Securities Laws by Celsius Holdings, Inc.
An investigation for investors in Celsius Holdings, Inc. (NASDAQ: CELH) shares over potential securities laws violations.
Investors who purchased shares of Celsius Holdings, Inc. (NASDAQ: CELH), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Celsius Holdings, Inc. (NASDAQ: CELH) concerning whether a series of statements by Celsius Holdings, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Boca Raton, FL based Celsius Holdings, Inc. develops, markets, distributes, and sells functional calorie-burning fitness beverages in the United States and internationally. Celsius Holdings, Inc. reported that its annual Total Revenue rose from $75.14 million in 2019 to $130.72 million in 2020, and that its Net Income declined from $9.97 million in 2019 to $8.52 million in 2020.
On or around March 1, 2022, Celsius Holdings, Inc. disclosed that the Company had encountered staffing limitations, unanticipated delays, and identified material errors in previous filings as further described below. As a result, the Company has filed for the fifteen (15) day extension period provided under Rule 12b-25 and anticipates filing its Form 10-K, including its audited financials, before the expiration of the extension period.
Shares of Celsius Holdings, Inc. (NASDAQ: CELH) declined from $66.40 per share on February 28, 2022 to $46.01 per share on March 08, 2022.
Those who purchased shares of Celsius Holdings, Inc. (NASDAQ: CELH) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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