Company: CELH
Filing Date: 2025-08-29
Form Type: 8-K
Source: 0001193125-25-192888
Chunk: 6

Company: Celsius Holdings, Inc.
Filing Date: 2025-08-29
Form: 8-K
Item: Item 3.02
Chunk 6
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Item 3.02.      Unregistered Sales of Equity Securities.  

The information contained in Item 1.01 of this Current Report on Form8-Kunder the heading “ Securities Purchase Agreement” is hereby incorporated by reference in this Item 3.02. The Company offered and sold the shares of Series B Preferred Stock to PepsiCo in reliance on the exemption from registration under the Securities Act provided by Section 4(a)(2) thereof. Under the Series B Purchase Agreement, PepsiCo represented that it is an “accredited investor” as defined in Rule 501(a) under the Securities Act and that it was acquiring the shares of Series B Preferred Stock for investment purposes and not with a view to, or for sale in connection with, any distribution thereof in violation of the Securities Act.

  Item 3.03.      Material Modification to Rights of Security Holders.  

The information contained in Item 1.01 and Item 5.03 of this Report is hereby incorporated by reference in this Item 3.03.

Following the issuance by the Company of the shares of Series B Preferred Stock in accordance with the Series B Purchase Agreement on the Closing Date, the ability of the Company to declare or pay dividends on shares of its Common Stock, or any shares of other stock of the Company that rank junior to or on parity with the Series B Preferred Stock, either as to the payment of dividends or as to the distribution of assets upon the liquidation, dissolution or winding up of the Company, is subject to certain restrictions in the event that the Company does not declare and pay (or set aside) dividends on the Series B Preferred Stock.

The terms of the Series B Preferred Stock, including such restrictions, are more fully described in Item 5.03 of this Current Report on Form8-K.

  Item 5.02.      Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.  

On the Closing Date, the Board appointed Michael Del Pozzo, age 49, as a director to fill the vacancy on the Board created by the increase of the size of the board from nine to 10 directors in accordance with the Series B Purchase Agreement. Mr. Del Pozzo’s term on the Board commenced on the Closing Date and expires at the Company’s 2026 annual meeting of stockholders.

Mr. Del Pozzo has served as PepsiCo’s President of North America - Commercial and Customer since January 2025. Prior to returning to Pepsi