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

Company: Celsius Holdings, Inc.
Filing Date: 2025-08-29
Form: 8-K
Item: Item 3.02
Chunk 8
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 which the Company filed with the Secretary of State of the State of Nevada on the Closing Date.

The Series B Certificate designates and authorizes the issuance of up to 390,000 shares of Series B Preferred Stock, all of which were issued and sold to PepsiCo under the Series B Purchase Agreement and are initially convertible at the rate of 28.99 shares of the Company’s Common Stock for each share of Series B Preferred Stock. The Series B Preferred Stock ranks, with respect to distribution rights and rights on liquidation, winding-upand dissolution, (i) senior and in priority of payment to the Common Stock, (ii) senior to any class or series of capital stock of the Company expressly designated as ranking by its terms junior to the Series B Preferred Stock, (iii) on parity with the Series A Preferred Stock and any class or series of capital stock of the Company expressly designated as ranking on parity with the Series B Preferred Stock, and (iv) junior to any class or series of capital stock of the Company expressly designated as ranking senior to the Series B Preferred Stock.

Upon any voluntary or involuntary liquidation, dissolution or winding up of the affairs of the Company (but excluding any change of control), each holder of Series B Preferred Stock will be entitled to receive an amount per share of Series B Preferred Stock equal to the Liquidation Preference, as defined in the Series B Certificate. Holders of shares of Series B Preferred Stock will be entitled to cumulative dividends, which will be payable quarterly in arrears either in cash, in-kind, or a combination thereof at the Company’s election.