BOCA RATON, Fla., Sept. 11, 2019 /PRNewswire/ -- Celsius
Holdings, Inc. (NASDAQ: CELH) (the "Company" or "CELH") today
announced the launch of an underwritten registered public offering
of shares of its common stock. The Company expects to grant the
underwriters a 30-day option to purchase up to an additional 15% of
the shares of its common stock sold in the proposed offering. All
shares of common stock to be sold in the proposed offering will be
offered by the Company. The proposed offering is subject to market
and other conditions, and there can be no assurance as to whether
or when the offering may be completed, or as to the actual size or
terms of the offering. Certain directors and affiliates of the
Company have indicated an interest in purchasing shares of common
stock in the offering. The Company intends to use the net proceeds
from the offering, if completed, to fund the cash needed to
consummate the acquisition of Func Food Group Oyj (the "Func Food
Acquisition") and related fees, costs and expenses, and the
remaining, for general corporate purposes, including funding
marketing initiatives and expanding European distribution of CELH
products.
B. Riley FBR, Inc. is acting as sole bookrunner for the
offering.
The proposed offering is being made pursuant to the Company's
shelf registration statement on Form S-3 (File
No. 333-228888) that was declared effective by the Securities
and Exchange Commission ("SEC") on February
1, 2019. The shares may be offered only by means of a
prospectus. A preliminary prospectus supplement describing the
terms of the proposed offering and the accompanying base
prospectus will be filed with the SEC and will be available on the
SEC's website located at http://www.sec.gov. Alternatively,
copies of the preliminary prospectus supplement and accompanying
prospectus relating to the proposed offering, when available, may
be obtained from B. Riley FBR, Inc., Attention: Prospectus
Department, 1300 17th St. North, Ste. 1300, Arlington, VA 22209, or by email at
prospectuses@brileyfbr.com, or by telephone at (703) 312-9580. The
final terms of the proposed offering will be disclosed in a final
prospectus supplement to be filed with the SEC.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of,
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About Celsius Holdings, Inc.
Celsius Holdings, Inc.
(Nasdaq: CELH), is a global company with a proprietary, clinically
proven formula for its brand CELSIUS® and all its sub-brands. A
lifestyle fitness drink and a pioneer in the rapidly growing
performance energy sector, CELSIUS® has four beverage lines that
each offer proprietary, functional, healthy-energy formulas
clinically-proven to offer significant health benefits to its
users. The four lines include, CELSIUS® Originals, CELSIUS HEAT™,
CELSIUS® On-the-Go, and CELSIUS® Sweetened with Stevia. CELSIUS®
has zero sugar, no preservatives, no aspartame, no high fructose
corn syrup, and is non-GMO, with no artificial flavors or colors.
The CELSIUS® line of products is Certified Kosher and Vegan.
CELSIUS® is also soy and gluten-free and contains very little
sodium. CELSIUS® is backed by six university studies that were
published in peer-reviewed journals validating the unique benefits
CELSIUS® provides. CELSIUS® is sold nationally at Target, CVS, GNC,
Vitamin Shoppe, 7-Eleven, Dick's Sporting Goods, The Fresh Market,
Sprouts and other key regional retailers such as HEB, Publix,
Winn-Dixie, Harris Teeter, Shaw's
and Food Lion. It is also available on Amazon, at fitness clubs and
in select micro-markets across the country.
Forward-Looking Statements
This press release may
contain statements that are not historical facts and are considered
forward-looking within the meaning of the Private Securities
Litigation Reform Act of 1995. Words such as "anticipate,"
"believe," "expect," "intend," "may," "will," and similar
expressions are intended to identify forward-looking statements.
The forward-looking statements in this press release include
statements about the Company's expectations regarding the
completion of its proposed public offering, its expectations with
respect to granting the underwriters a 30-day option to purchase
additional shares, the outcome and impact of the proposed Func Food
Acquisition and the anticipated use of proceeds from the offering.
These statements involve risks, estimates, assumptions and
uncertainties that could cause actual results to differ materially
from those expressed in these statements, including, among others,
risks and uncertainties associated with market conditions and the
satisfaction of customary closing conditions related to the
proposed offering, as well as risks and uncertainties associated
with the Company's business and finances in general. In addition,
please refer to the risk factors contained in the Company's Form
10-K for the fiscal year ended December 31,
2018, the Company's Form 10-Q for the fiscal quarter ended
June 30, 2019 and other SEC filings
available at www.sec.gov. Because the risks, estimates,
assumptions and uncertainties referred to above could cause actual
results or outcomes to differ materially from those expressed in
any forward-looking statements, readers are cautioned not to place
undue reliance on any forward-looking statements, which speak only
as of the date on which they are made. The Company undertakes no
obligation to update or revise any forward-looking statements for
any reason, except as required by law.
Investor Relations:
Cameron Donahue
(651) 653-1854
cameron@haydenir.com
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SOURCE Celsius Holdings, Inc.