Company: CELH
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001341766-25-000144
Chunk: 3

Company: Celsius Holdings, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 4
Chunk 3
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Item 4. Controls and Procedures.

Evaluation of Disclosure Controls and Procedures

Disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) are designed to ensure that 

information required to be disclosed by us in the reports filed or submitted by us under the Exchange Act is recorded, processed, 

summarized and reported within the time periods specified in the rules and forms adopted by the SEC. These controls also ensure that 

information required to be disclosed in the reports that are filed or submitted under the Exchange Act are accumulated and 

communicated to the Company’s management, including our Chief Executive Officer (our principal executive officer) and our Chief 

Financial Officer (our principal financial and accounting officer), or persons performing similar functions, as appropriate, to allow timely 

decisions regarding required disclosure.

Our Chief Executive Officer, as well as our Chief Financial Officer, evaluated the effectiveness of the design and operation of our 

disclosure controls and procedures as of September 30, 2025. Based on that evaluation, our Chief Executive Officer and our Chief 

Financial Officer concluded that our disclosure controls and procedures were effective as of such date.

On April 1, 2025, we completed the Alani Nu Acquisition. In accordance with interpretive guidance issued by the SEC staff, 

management is permitted to exclude an acquired business from its assessment of internal control over financial reporting in the first year 

post-acquisition. Given the overlapping nature of internal controls and disclosure controls and procedures, we have excluded the portion 

of disclosure controls and procedures that are subsumed within the internal control over financial reporting of Alani Nu from 

management's evaluation of our disclosure controls and procedures as of September 30, 2025.

Alani Nu, excluding the effects of purchase accounting, represented approximately 12.6% of our consolidated total assets as of 

September 30, 2025 and 35.3% of consolidated revenue for the nine months ended September 30, 2025. We will include Alani Nu in our 

assessment of internal controls over financial reporting and disclosure controls and procedures no later than the first anniversary of the 

acquisition date, as required.

On August 28, 2025, we completed the Rockstar Acquisition. In accordance with interpretive guidance issued by the SEC staff, 

management is permitted to exclude an acquired business from its assessment of internal control over financial reporting in the first year 

post-acquisition. Given the overlapping nature of internal