Monster Beverage Corporation Responds to Report by Short Seller Containing Inaccurate and Misleading Statements
Monster Beverage (NASDAQ: MNST) has issued a strong rebuttal to a report published by short-selling firm Spruce Point Capital Management on April 8, 2025. The company firmly rejected what it characterized as false and misleading statements about its business operations.
Co-CEOs Rodney Sacks and Hilton Schlosberg emphasized Monster's commitment to ethical operations and transparent reporting, dismissing the short seller's document as containing inaccuracies designed to manipulate the company's share price. They affirmed that all financial statements filed with the SEC remain fairly stated and compliant with accounting principles.
The Board of Directors, through Lead Independent Director Mark Vidergauz, expressed full confidence in the management team and the company's strategic direction. Monster stated it would not provide further comments on the report, citing its lack of credibility.
Monster Beverage (NASDAQ: MNST) ha emesso una forte smentita a un rapporto pubblicato dalla società di short selling Spruce Point Capital Management l'8 aprile 2025. L'azienda ha fermamente respinto quelle che ha definito affermazioni false e fuorvianti riguardo alle sue operazioni aziendali.
I Co-CEO Rodney Sacks e Hilton Schlosberg hanno sottolineato l'impegno di Monster per operazioni etiche e reportistica trasparente, liquidando il documento del venditore allo scoperto come contenente imprecisioni progettate per manipolare il prezzo delle azioni della società. Hanno affermato che tutte le dichiarazioni finanziarie presentate alla SEC sono rimaste correttamente dichiarate e conformi ai principi contabili.
Il Consiglio di Amministrazione, attraverso il Direttore Indipendente Principale Mark Vidergauz, ha espresso piena fiducia nel team di gestione e nella direzione strategica dell'azienda. Monster ha dichiarato che non fornirà ulteriori commenti sul rapporto, citando la sua mancanza di credibilità.
Monster Beverage (NASDAQ: MNST) ha emitido una fuerte refutación a un informe publicado por la firma de venta en corto Spruce Point Capital Management el 8 de abril de 2025. La compañía rechazó firmemente lo que caracterizó como declaraciones falsas y engañosas sobre sus operaciones comerciales.
Los Co-CEOs Rodney Sacks y Hilton Schlosberg enfatizaron el compromiso de Monster con operaciones éticas y reportes transparentes, desestimando el documento del vendedor en corto como conteniendo inexactitudes diseñadas para manipular el precio de las acciones de la compañía. Afirmaron que todos los estados financieros presentados a la SEC se mantienen correctamente declarados y en cumplimiento con los principios contables.
La Junta Directiva, a través del Director Independiente Principal Mark Vidergauz, expresó plena confianza en el equipo de gestión y en la dirección estratégica de la compañía. Monster declaró que no proporcionará más comentarios sobre el informe, citando su falta de credibilidad.
몬스터 음료 (NASDAQ: MNST)는 2025년 4월 8일 숏셀링 회사인 스프루스 포인트 캐피탈 매니지먼트가 발표한 보고서에 대해 강력한 반박을 했습니다. 회사는 자신의 사업 운영에 대한 허위 및 오해의 소지가 있는 진술을 단호히 거부했습니다.
공동 CEO인 로드니 색스와 힐튼 슐로스버그는 몬스터의 윤리적인 운영 및 투명한 보고에 대한 의지를 강조하며, 숏셀러의 문서를 회사의 주가를 조작하기 위해 설계된 부정확한 내용으로 간주했습니다. 그들은 SEC에 제출된 모든 재무 제표가 올바르게 기재되어 있으며 회계 원칙을 준수하고 있다고 확인했습니다.
이사회는 수석 독립 이사인 마크 비더가우즈를 통해 경영진과 회사의 전략적 방향에 대한 완전한 신뢰를 표명했습니다. 몬스터는 보고서의 신뢰성 부족을 이유로 추가적인 코멘트를 제공하지 않겠다고 밝혔습니다.
Monster Beverage (NASDAQ: MNST) a émis une forte réfutation à un rapport publié par la société de vente à découvert Spruce Point Capital Management le 8 avril 2025. L'entreprise a fermement rejeté ce qu'elle a qualifié de déclarations fausses et trompeuses concernant ses opérations commerciales.
Les co-CEOs Rodney Sacks et Hilton Schlosberg ont souligné l'engagement de Monster envers des opérations éthiques et une transparence dans les rapports, rejetant le document du vendeur à découvert comme contenant des inexactitudes conçues pour manipuler le prix de l'action de la société. Ils ont affirmé que tous les états financiers déposés auprès de la SEC demeurent correctement déclarés et conformes aux principes comptables.
Le Conseil d'Administration, par l'intermédiaire du Directeur Indépendant Principal Mark Vidergauz, a exprimé sa pleine confiance dans l'équipe de direction et la direction stratégique de l'entreprise. Monster a déclaré qu'elle ne ferait pas d'autres commentaires sur le rapport, citant son manque de crédibilité.
Monster Beverage (NASDAQ: MNST) hat eine starke Widerlegung eines Berichts veröffentlicht, der am 8. April 2025 von der Short-Selling-Firma Spruce Point Capital Management veröffentlicht wurde. Das Unternehmen wies entschieden zurück, was es als falsche und irreführende Aussagen über seine Geschäftstätigkeiten bezeichnete.
Die Co-CEOs Rodney Sacks und Hilton Schlosberg betonten Monsters Engagement für ethische Geschäftspraktiken und transparente Berichterstattung und wiesen das Dokument des Leerverkäufers als fehlerhaft zurück, das darauf abzielte, den Aktienkurs des Unternehmens zu manipulieren. Sie bestätigten, dass alle bei der SEC eingereichten Finanzberichte korrekt und im Einklang mit den Rechnungslegungsgrundsätzen sind.
Der Vorstand äußerte durch den leitenden unabhängigen Direktor Mark Vidergauz volles Vertrauen in das Managementteam und die strategische Ausrichtung des Unternehmens. Monster erklärte, dass es keine weiteren Kommentare zu dem Bericht abgeben werde, da es an Glaubwürdigkeit mangele.
- Strong board support for management team
- Clear stance on financial reporting integrity
- Unified response from company leadership
- Transparent communication with stakeholders
- Presence of short seller targeting the company
- Potential market uncertainty due to allegations
- Need to address market concerns about operations
- Possible short-term share price volatility
CORONA, Calif., April 09, 2025 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (NASDAQ: MNST) (“Monster” or the “Company”) today issued the following statement in response to a report issued on April 8, 2025 by a short-selling firm, Spruce Point Capital Management, containing false and misleading characterizations about the Company’s business from non-credible sources.
Rodney Sacks and Hilton Schlosberg, Chairman and Vice Chairman, respectively, and Co-Chief Executive Officers of the Company, jointly stated: “We have always prided ourselves on having and continue to have a strong reputation for ethical operations and transparent reporting, and these principles remain critically important to all of us at Monster. The document released by a self-interested activist short seller is filled with and based on inaccuracies and aspersions that appear to be designed to distort the Company’s record and share price for its own gain. The Company’s management remains focused on the business with the ongoing objective of creating long-term value for our stakeholders and investors.
“The Company’s consolidated financial statements and other financial information filed with the Securities Exchange Commission (“SEC”) have historically been and continue to be fairly stated in all material respects, presented in accordance with generally accepted accounting principles and are governed by SEC rules and regulations.”
The Board of Directors of the Company (the “Board”) affirmed its confidence in the Company’s management and strategic direction. Lead Independent Director, Mark Vidergauz, stated: “On behalf of the entire Board, we stand in support of the management team and believe that the Company remains well-positioned for long-term success.”
The Company does not believe the report issued by Spruce Point Capital Management has any credibility and accordingly does not intend to comment further on the report.
Monster Beverage Corporation
Based in Corona, California, Monster Beverage Corporation is a holding company and conducts no operating business except through its consolidated subsidiaries. The Company’s subsidiaries develop and market energy drinks, including Monster Energy® drinks, Monster Energy Ultra® energy drinks, Juice Monster® Energy + Juice energy drinks, Java Monster® non-carbonated coffee + energy drinks, Monster Killer Brew™ Triple Shot, Rehab® Monster® non-carbonated energy drinks, Monster Energy® Nitro energy drinks, Reign® Total Body Fuel high performance energy drinks, Reign Storm® total wellness energy drinks, NOS® energy drinks, Full Throttle® energy drinks, Bang Energy® drinks, BPM® energy drinks, BU® energy drinks, Burn® energy drinks, Live+® energy drinks, Mother® energy drinks, Nalu® energy drinks, Play® and Power Play® (stylized) energy drinks, Relentless® energy drinks, Samurai® energy drinks, Ultra Energy® drinks, Predator® energy drinks and Fury® energy drinks. The Company’s subsidiaries also develop and market still and sparkling waters under the Monster Tour Water® brand name. The Company’s subsidiaries also develop and market craft beers, flavored malt beverages and hard seltzers under a number of brands, including Jai Alai® IPA, Dale’s Pale Ale®, Dallas Blonde®, Wild Basin® hard seltzers, The Beast™ and Nasty Beast® Hard Tea. For more information visit www.monsterbevcorp.com.
| CONTACTS: | Rodney C. Sacks Chairman and Co-Chief Executive Officer (951) 739-6200 | |
| Hilton H. Schlosberg Vice Chairman and Co-Chief Executive Officer (951) 739-6200 | ||
| Roger S. Pondel / Judy Lin PondelWilkinson Inc. (310) 279-5980 |
FAQ
What allegations did Spruce Point Capital make against Monster Beverage (MNST) on April 8, 2025?
How did Monster Beverage (MNST) respond to Spruce Point Capital's short seller report?
What was the Monster Beverage (MNST) Board's stance on the short seller allegations?
Will Monster Beverage (MNST) take any further action regarding the Spruce Point Capital report?
How did Monster's leadership address concerns about financial reporting accuracy?
