Celsius Holdings Announces Three-for-One Stock Split

Rhea-AI Summary

Celsius Holdings (Nasdaq: CELH) has announced a three-for-one split of its common stock. Shareholders of record on Nov. 13, 2023, will receive two additional shares for each share held. The split-adjusted trading is expected to start on Nov. 15, 2023.

BOCA RATON, Fla., Nov. 2, 2023 /PRNewswire/ -- Celsius Holdings (Nasdaq: CELH) today announced that its Board of Directors has approved a three-for-one split of its common stock. Each shareholder of record at the close of business on Nov. 13, 2023, will receive two additional shares of Celsius common stock for each share held as of that date.  Celsius expects that the common stock will trade on a split-adjusted basis commencing with the opening of trading on the Nasdaq Capital Market on Nov. 15, 2023.

Contacts:
investorrelations@celsius.com

About Celsius Holdings, Inc.
Celsius Holdings, Inc. (Nasdaq: CELH), is a global consumer packaged goods company with a proprietary, clinically proven formula for its master brand CELSIUS®. A lifestyle energy drink born in fitness and a pioneer in the rapidly growing energy category. CELSIUS® offers proprietary, functional, essential energy formulas clinically proven to offer significant health benefits to its users. CELSIUS® is backed by six university studies that were published in peer-reviewed journals validating the unique benefits CELSIUS® provides. For more information, please visit: https://www.celsiusholdingsinc.com.

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;  the Company's ability to satisfy in a timely manner, all Securities and Exchange Commission (SEC) required filings and the requirements of Section 404 of the Sarbanes-Oxley Act of 2002 and the rules and regulations adopted under that Section; 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.

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SOURCE Celsius Holdings, Inc.

FAQ

What is the news about Celsius Holdings?

Celsius Holdings has announced a three-for-one split of its common stock.

When will the split occur?

The split will occur on Nov. 13, 2023.

How many additional shares will shareholders receive?

Shareholders will receive two additional shares for each share held.

When will the split-adjusted trading begin?

The split-adjusted trading is expected to start on Nov. 15, 2023.