Lawsuit filed for Investors in shares of Celsius Holdings, Inc. (NASDAQ: CELH)

An investor, who purchased shares of Celsius Holdings, Inc. (NASDAQ: CELH), filed a lawsuit i over alleged violations of Federal Securities Laws by Celsius Holdings, Inc. in connection with certain allegedly false and misleading statements.

Investors who purchased shares of Celsius Holdings, Inc. (NASDAQ: CELH) have certain options and for certain investors are short and strict deadlines running. Deadline: May 16, 2022. NASDAQ: CELH investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Boca Raton, FL based Celsius Holdings, Inc. develops, markets, distributes, and sells functional calorie-burning fitness beverages in the United States and internationally.

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.

The plaintiff claims that between August 12, 2021 and March 1, 2022, the Defendants failed to disclose to investors that the Company had improperly recorded expenses for non-cash share-based compensation for second and third quarters of 2021, that, as a result, the Company's financial statements for those periods would be restated, including to report a net loss for the third quarter of 2021,that there was a material weakness in Celsius's internal controls over financial reporting, and that as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

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.

This release was published on openPR.