Company: CELH
Filing Date: 2025-02-20
Form Type: 8-K
Source: 0001341766-25-000018
Chunk: 1

Company: Celsius Holdings, Inc.
Filing Date: 2025-02-20
Form: 8-K
Item: Item 1.01
Chunk 1
---
 Consideration, and (2) Congo is required to transfer certain assets held by it and its affiliates and related to the business of Alani Nu to Alani Nu.

Representations, Warranties and Covenants

The Purchase Agreement contains customary representations, warranties and covenants made by each of the Sellers, Holdco, Alani Nu, Congo and Celsius, including, among others, covenants regarding the conduct of Alani Nu’s and Celsius’ respective businesses during the pendency of the Transactions, obligations to use efforts to consummate the Transactions, and restrictions on the Sellers, Congo and their respective affiliates engaging in certain businesses following the Closing.

Termination Rights

The Purchase Agreement contains customary termination rights, including that the parties may terminate the Purchase Agreement if the Transactions shall not have been consummated within nine months following the date of the Purchase Agreement, subject to two automatic three-month extensions in certain circumstances. If the Purchase Agreement is terminated under certain circumstances relating to the failure to obtain antitrust approvals, or as a result of a final and non-appealable injunction, judgment or order arising under antitrust laws prohibiting the transaction, Celsius will be required to pay Alani Nu a $53.25 million cash termination fee.

Lock-Up and Registration Rights Agreement

Under the Purchase Agreement, Holdco will be subject to a lock-up with respect to the Stock Consideration, pursuant to which, subject to certain exceptions, Holdco may not sell or otherwise transfer the shares comprising the Stock Consideration, with 33% of the shares released from the lock-up on the 12-month anniversary of the Closing, an additional 33% released on the 18-month anniversary of the Closing and the remainder released on the 24-month anniversary of the Closing.

The Purchase Agreement also contemplates that, at the Closing, Celsius, Holdco, MC and TS will enter into a registration rights agreement, pursuant to which Holdco, MC and TS will have certain demand and piggyback registration rights relating to the Stock Consideration.

The foregoing description of the Purchase Agreement does not purport to be complete and is qualified in its entirety by the full text of the Purchase Agreement, a copy of which is filed as Exhibit 2.1 to this Current Report on Form 8-K and is

incorporated by reference herein. The Purchase Agreement has been attached to provide investors with information regarding its terms. It is not intended to provide any other factual information about Celsius, Alani Nu, Congo, Holdco or any Seller. The representations