Class Action Announcement for Celsius Holdings, Inc. (CELH): Kessler Topaz Meltzer & Check, LLP Announces that a Securities Class Action Lawsuit Has Been Filed Against Celsius Holdings, Inc.

Core Points - A securities class action lawsuit has been filed against Celsius Holdings, Inc. for alleged misleading statements and failure to disclose critical information regarding its sales and inventory management during the Class Period from February 29, 2024, to September 4, 2024 [1][3] - The lawsuit claims that Celsius oversold inventory to Pepsi, leading to a significant decline in future sales and misrepresentation of its financial performance [3] - Investors have until January 21, 2025, to seek appointment as lead plaintiff in the class action [4] Allegations Against Celsius - Celsius allegedly oversold inventory to Pepsi beyond demand, resulting in a potential sales cliff as Pepsi would reduce purchases [3] - The complaint states that as Pepsi depletes its inventory, Celsius' sales will decline, negatively impacting its financial outlook [3] - The sales rate to Pepsi was deemed unsustainable, creating a false impression of Celsius' financial health [3] - Overall, the defendants' statements regarding Celsius' business metrics and financial prospects were claimed to be misleading [3] Lead Plaintiff Process - Investors can apply to be a lead plaintiff representative by January 21, 2025, or remain as absent class members [4] - The lead plaintiff will represent the interests of all class members and select legal counsel for the case [4] - Participation as a lead plaintiff does not affect the ability to share in any potential recovery from the lawsuit [4]