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Celsius Holdings, Inc.

(NASDAQ CM: CELH)

Rigrodsky Law, P.A. is investigating potential claims against the officers and directors of Celsius Holdings, Inc. ("Celsius" or the "Company") on behalf of stockholders.  A class action complaint has been filed against Celsius.  The complaint alleges that defendants made materially false and/or misleading statements, and failed to disclose material adverse facts about the Company's business, operations, and prospects.  Specifically, defendants failed to disclose to investors that: (i) the Company had improperly recorded expenses for non-cash share-based compensation for second and third quarters of 2021; (ii) as a result, the Company's financial statements for those periods would be restated, including to report a net loss for the third quarter of 2021; (iii) there was a material weakness in the Company's internal controls over financial reporting; and (iv) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

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Signed pursuant to California Civil Code Section 1633.1, et seq. - and the Uniform Electronic Transactions Act as adopted by the various states and territories of the United States.

Date of signing: 09/27/2022


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