CELH Announcement: Kessler Topaz Meltzer & Check, LLP Encourages Celsius Holdings, Inc. Investors to Contact the Firm About Securities Fraud Class Action Lawsuit

Core Points - A securities class action lawsuit has been filed against Celsius Holdings, Inc. in the United States District Court for the Southern District of Florida on behalf of investors who purchased Celsius common stock between February 29, 2024, and September 4, 2024 [1] - The lawsuit alleges that Celsius made false and misleading statements regarding its financial performance and outlook, particularly concerning its sales to Pepsi and inventory management [3] Allegations Against Celsius - Celsius allegedly oversold inventory to Pepsi beyond demand, leading to a significant reduction in future sales as Pepsi would decrease its purchases [3] - The sales rate to Pepsi was deemed unsustainable, creating a misleading impression of Celsius' financial health [3] - The business metrics and financial prospects of Celsius were not as strong as represented during the Class Period [3] Lead Plaintiff Process - Investors have until January 21, 2025, to seek appointment as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP [4] - The lead plaintiff will represent all class members in directing the litigation and selecting counsel [4] Firm Background - Kessler Topaz Meltzer & Check, LLP has a reputation for prosecuting class actions and has recovered billions for victims of corporate misconduct [5]