Grabar Law Office Is Investigating Potential Claims Against Certain Officers and Directors of Celsius Holdings, Inc. (CELH)

Philadelphia, Pennsylvania--(Newsfile Corp. - July 12, 2022) - According to a class action complaint, Celsius Holdings, Inc. (NASDAQ: CELH) defendants made materially false and/or misleading statements and failed to disclose material adverse facts about the Company's business, operations, and prospects during the period from August 12, 2021 through March 1, 2022. Specifically, as alleged, 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.

If you have continuously held Celsius shares since on or around its August 12, 2021 you may be able to seek corporate reforms, the return of funds back to company coffers, and potentially a court approved incentive award if appropriate.

If you would like to learn more about this matter at no cost to you, visit https://grabarlaw.com/the-latest/celsius-shareholder-investigation/ or contact us at jgrabar@grabarlaw.com call 267-507-6085.

Attorney Advertising Disclaimer
These materials have been prepared by the Grabar Law Office for informational purposes only and does not constitute legal advice. This information is not intended to create, and receipt of it does not constitute, an attorney-client relationship. Prior results referred to in these materials do not guarantee or suggest a similar result in other matters.

Contact:
Joshua H. Grabar, Esq.
Grabar Law Office
One Liberty Place
1650 Market Street, Suite 3600
Philadelphia, PA 19103
Tel: 267-507-6085
Email: jgrabar@grabarlaw.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/130681