BOCA RATON, Fla., June 9, 2021 /PRNewswire/ -- (Nasdaq: CELH)
Celsius Holdings, Inc., maker of global fitness drink, CELSIUS®,
today announced the commencement of an underwritten public offering
of 6,518,267 shares of common stock, consisting of 5,518,267 shares
of common stock offered by certain selling stockholders of Celsius
Holdings (the "Selling Stockholders") and 1,000,000 shares of
common stock offered by Celsius Holdings. In addition, certain
Selling Stockholders expect to grant the underwriters a 30-day
option to purchase up to an additional 977,740 shares of common
stock. Celsius Holdings will not receive any proceeds from the sale
of common stock offered by the Selling Stockholders. The offering
is subject to market and other conditions. Celsius Holdings intends
to use the net proceeds received by it from the offering for
general corporate purposes.
UBS Investment Bank and Jefferies are serving as joint
book-running managers for the offering.
The proposed public offering is being made pursuant to an
automatic shelf registration statement on Form S-3, which was filed
with the Securities and Exchange Commission (the "SEC") on
June 9, 2021 and became automatically
effective upon filing. The proposed public offering is being made
only by means of a preliminary prospectus supplement and
accompanying base prospectus, copies of which may be obtained on
the SEC's website located at http://www.sec.gov. Copies of the
final prospectus supplement and the accompanying base prospectus
relating to the offering may also be obtained, when available,
from:
- UBS Securities LLC, Attention: Prospectus Department, 1285
Avenue of the Americas, New York,
NY 10019, telephone: 888-827-7275 or email:
ol-prospectusrequest@ubs.com;
- Jefferies LLC, Attention: Equity Syndicate Prospectus
Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, or by calling (877)
821-7388, or by emailing prospectus_department@jefferies.com;
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy the securities, nor shall there be
any sale of these securities in any state or jurisdiction in which
such an 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 fast-growing company in the functional energy
drink and supplement categories in the United States and
internationally, engaged in the development, marketing, sale, and
distribution of functional calorie-burning supplements that
offer clinically proven and innovative formulas meant to
improve the health and wellness of our consumers. CELSIUS® has five
beverage lines that include, CELSIUS® Originals, CELSIUS HEAT™,
CELSIUS® BCAA +Energy, 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.
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. These
forward-looking statements contain projections of Celsius Holdings'
future results of operations and/or financial position, or state
other forward-looking information. In some cases, you can identify
these statements by forward-looking words such as "anticipate,"
"believe," "could," "estimate," "expect," "intend," "may,"
"should," "will," "would," or similar words. You should not rely on
forward-looking statements since Celsius Holdings' actual results
may differ materially from those indicated by forward-looking
statements as a result of a number of important factors. These
factors include, but are not limited to: general economic and
business conditions; our business strategy for expanding our
presence in our industry; anticipated trends in our financial
condition and results of operation; the impact of competition and
technology change; existing and future regulations affecting our
business; and other risks and uncertainties discussed in the
reports Celsius Holdings has filed previously with the Securities
and Exchange Commission. Celsius Holdings does not intend to and
undertakes no duty to update the information contained in this
press release.
Investor Relations:
Cameron
Donahue
(651) 707-3532
cdonahue@celsius.com
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SOURCE Celsius Holdings, Inc.