According to a class action complaint, 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 before 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, please us at jgrabar@grabarlaw.com or call 267-507-6085.