Celsius Holdings, Inc. USDC – Southern District of Florida december 11, 2024 CLASS PERIOD: february 29, 2024 – september 4, 2024LEAD PLAINTIFF DEADLINE: january 21, 2025 Please complete the form below to contact Kaplan Fox regarding the Celsius Holdings Investigation: Join a Case First Name * Last Name * Email Address * Phone Number * Ticker Symbol Or Company Name * Please Insert Your Estimation Of Losses In USD * Are you a current or former employee of the company mentioned having traded above? * Yes No Captcha Submit If you are human, leave this field blank. Join Investigation Principle Contacts Pamela MayerPMayer@kaplanfox.comLaurence D. KingLKing@kaplanfox.com Kaplan Fox & Kilsheimer LLP is Investigating Celsius Holdings, Inc. (CELH) for Potential Securities Law Violations Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against Celsius Holdings, Inc. (“Celsius” or the “Company”) (NASDAQ: CELH) on behalf of investors that purchased or otherwise acquired Celsius securities between February 29, 2024 and September 4, 2024 (the “Class Period”). CLICK HERE TO JOIN THE CASE If you are an investor in Celsius and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing pmayer@kaplanfox.com or by calling (646) 315-9003. DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than January 21, 2025 to serve as a lead plaintiff for the purported class. If you have losses we encourage you to contact us to learn more about the lead plaintiff process. According to the complaint, on August 1, 2022, Celsius entered into a long-term distribution agreement through which PepsiCo, Inc. (“Pepsi”) would become the primary distributor of Celsius products in the United States. On February 29, 2024, the start of the Class Period, Celsius reported its financial results for the fourth quarter and full-year 2023, including “Record full-year revenue of $1,318 million up 102% from $654 million in full-year 2022.” On September 4, 2024, the end of the Class Period, during a Company presentation at a Barclays conference, Celsius disclosed $100 million to $120 million less in orders from Pepsi in the third quarter of 2023 compared to the third quarter of the prior year. Additionally, according to the complaint, Celsius disclosed that Pepsi was holding excess supply of “several million more cases over the past 1.5 years than they really needed to hold,” meaning that Celsius’ sales to Pepsi far outstripped market demand and that Pepsi was drawing down excess inventory from its warehouses. The complaint alleges, among other things, that throughout the Class Period, the Defendants made false and misleading statements and/or failed to disclose that (i) the Company materially oversold inventory to PepsiCo, Inc. (“Pepsi”) far in excess of demand, and faced a looming sales cliff during which Pepsi would significantly reduce its purchases of Celsius products, (ii) as Pepsi drew down significant amounts of inventory overstock, Celsius’ sales would materially decline in future periods, hurting the Company’s financial performance and outlook, and (iii) Celsius’ sales rate to Pepsi was unsustainable and created a misleading impression of Celsius’ financial performance and outlook the Company’s outlook and expected financial performance were false and misleading at all relevant times. WHY CONTACT KAPLAN FOX Kaplan Fox is a leading national law firm focusing on complex litigation with offices in New York, Oakland, Los Angeles, Chicago and New Jersey. With over 50 years of experience in securities litigation, Kaplan Fox offers the professional experience and track record that clients demand. Through prosecuting cases on the federal and state levels, Kaplan Fox has successfully shaped the law through winning many important decisions on behalf of our clients. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. If you have any questions about this Notice, your rights, or your interests, please contact: CONTACT: Pamela A. MayerKAPLAN FOX & KILSHEIMER LLP800 Third Avenue, 38th FloorNew York, New York 10022(646) 315-9003pmayer@kaplanfox.com Laurence D. KingKAPLAN FOX & KILSHEIMER LLP1999 Harrison Street, Suite 1560Oakland, California 94612(415) 772-4704lking@kaplanfox.com Connect with Kaplan Fox. Receive a complimentary case review now. 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