The Gross Law Firm Notifies Shareholders of Celsius Holdings, Inc.(CELH) of a Class Action Lawsuit and an Upcoming Deadline

Core Viewpoint - Celsius Holdings, Inc. is facing a class action lawsuit due to allegations of issuing materially false and misleading statements, which led to an artificial inflation of its stock price, resulting in significant financial losses for investors [4]. Group 1: Allegations and Impact - The complaint alleges that Celsius deceived the investing public regarding its business prospects and artificially inflated the market price of its common stock [4]. - Certain officers, directors, and insiders sold over 21.6 million shares of Celsius common stock at inflated prices, generating proceeds exceeding $1.4 billion [4]. - Investors purchased Celsius common stock at artificially inflated prices and suffered damages as the true facts about the company were revealed [4]. Group 2: Class Action Details - The class period for the lawsuit is from February 29, 2024, to September 4, 2024, with a deadline for lead plaintiff registration set for January 21, 2025 [2][5]. - Shareholders are encouraged to register for the class action to potentially recover losses incurred during the specified period [2][5]. - The Gross Law Firm, a nationally recognized class action law firm, is representing the shareholders in this case [2][3].