Company: CELH
Filing Date: 2025-02-07
Form Type: 8-K
Source: 0001341766-25-000014
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Company: Celsius Holdings, Inc.
Filing Date: 2025-02-07
Form: 8-K
Item: Item 7.01
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Item 7.01 Regulation FD Disclosure.

On December 2, 2024, Celsius Holdings, Inc., a Nevada corporation (“ Celsius”), entered into a Stipulation and Agreement of Settlement to resolve three related and previously disclosed stockholder derivative actions.

On January 24, 2025, the Eighth Judicial District Court in Clark County, Nevada (the “ Court”), issued an order granting preliminary approval of the settlement, which consists of various corporate governance reforms and payment of plaintiffs’ attorneys’ fees and expenses in the amount of $987,500. A hearing to determine whether the Court should issue an order finally approving the proposed settlement has been scheduled for March 27, 2025.

Furnished herewith as Exhibit 99.1 to this report is the Notice of Pendency and Proposed Settlement of Derivative Actions (the “ Notice of Proposed Settlement”), describing, among other things, the background of the claims and the settlement and providing that any objections to the settlement must be made by stockholders of Celsius on or before February 25, 2025, in the manner described in the Notice of Proposed Settlement. The Notice of Proposed Settlement should be read in conjunction with the Stipulation and Agreement of Settlement dated December 2, 2024, which has been filed with the Court and is furnished herewith as Exhibit 99.2 to this report.

Item 9.01 Financial Statements and Exhibits.