Company: CELH
Filing Date: 2025-02-20
Form Type: 8-K
Source: 0001341766-25-000018
Chunk: 0

Company: Celsius Holdings, Inc.
Filing Date: 2025-02-20
Form: 8-K
Item: Item 1.01
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Item 1.01 Entry into a Material Definitive Agreement.

On February 20, 2025, Celsius Holdings, Inc., a Nevada corporation (“ Celsius”), entered into a Membership Interest Purchase Agreement (the “ Purchase Agreement”) by and among Celsius, Alani Nutrition LLC, a Kentucky limited liability company (“ Alani Nu”), Max Clemons (“MC”), Trey Steiger (“TS”), Katy E. Schneider (“KS”), R. Haydn Schneider (“HS”), certain trusts associated with KS and HS (the “ Trusts” and, together with MC, TS, KS and HS, the “ Sellers”), and Congo Brands Holding Company LLC, a Delaware limited liability company (“ Congo”).

Pursuant to the Purchase Agreement, on the terms and subject to the conditions therein, Celsius has agreed to purchase from the Sellers all of the issued and outstanding membership interests in Alani Nu, in exchange for (i) $1.275 billion in cash, subject to adjustment as set forth in the Purchase Agreement (the “Cash Consideration”), (ii) an aggregate of 22,451,224 shares of common stock, $0.001 par value per share, of Celsius (the “Stock Consideration”) and (iii) up to $25 million in additional cash consideration, payable only if net sales of Alani Nu’s products meet or exceed an agreed target for 2025 as set forth in the Purchase Agreement (clauses (i) through (iii), collectively, the “Aggregate Consideration”). Based on the volume weighted average price of Celsius common stock for the 10-trading-day period ended on February 18, 2025, the Stock Consideration had a value of $500 million, for Aggregate Consideration of between $1.775 billion and $1.8 billion.

Conditions to Closing

The closing (the “Closing”) of the transactions contemplated by the Purchase Agreement (the “Transactions”) is expected to occur in the second quarter of 2025, subject to the satisfaction of certain customary closing conditions, including the expiration of the waiting period applicable to the Transactions under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. The receipt of financing by Celsius is not a condition to Celsius’ obligations to consummate the Transactions. In addition, prior to the Closing, (1) the Sellers must contribute all of their membership interests in Alani Nu to a newly formed holding corporation (“Holdco”), from which Celsius shall acquire such membership interests and to which Celsius will pay the Aggregate