Monster Beverage Corporation Responds to Report by Short Seller Containing Inaccurate and Misleading Statements

Core Viewpoint - Monster Beverage Corporation has issued a statement refuting claims made by Spruce Point Capital Management, asserting that the report contains false and misleading information about the company's business practices and financials [1][2]. Company Response - The company's leadership, including Chairman Rodney Sacks and Vice Chairman Hilton Schlosberg, emphasized their commitment to ethical operations and transparent reporting, stating that the report is filled with inaccuracies intended to manipulate the company's share price for the short seller's benefit [2]. - The Board of Directors expressed confidence in the management team and the company's strategic direction, affirming that the company is well-positioned for long-term success [3]. Financial Integrity - Monster Beverage Corporation's financial statements have been consistently presented in accordance with generally accepted accounting principles and comply with SEC regulations, maintaining their credibility [3]. Company Overview - Monster Beverage Corporation, based in Corona, California, operates primarily through its subsidiaries, which develop and market a wide range of energy drinks and other beverages, including craft beers and flavored malt beverages [4].