RADNOR, PA – January 10, 2025 (NEWMEDIAWIRE) – The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) has informed investors that a securities class action lawsuit has been filed against Celsius Holdings (NASDAQ:), Inc. (Celsius) (NASDAQ: CELH) in the name of those who purchased or have purchased Celsius common stock between February 29, 2024, and September 4, 2024, inclusive (the Class Period). The lead complainant’s deadline is January 21, 2025.

CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP:

If you missed Celsius, you can CLICK HERE or go to: https://www.ktmc.com/new-cases/celsius-holdings-inc?utm_source=PR&utm_medium=link&utm_campaign=celh&mktm=r

You may also contact attorney Jonathan Naji, Esq. by calling (484) 270-1453 or by email at [email protected].

DEFENDANTS ALLEGED MISCONDUCT:

The complaint alleges that, throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Celsius materially oversold inventory to Pepsi in excess; of demand, and faced with a looming sales cliff where Pepsi could drastically reduce its purchases of Celsius products; (2) as Pepsi reduces significant amounts of overstock inventory, Celsius’ sales will decline materially in future periods, harming Celsius’ financial performance and outlook; (3) Celsius’ sales rate to Pepsi was unsustainable and created a false impression of Celsius’ financial performance and outlook; (4) as a result, the Celsius business metrics and financial prospects are not as strong as the Defendants’ Class Period statements indicate; and (5) consequently, defendants’ statements about Celsius’ outlook and expected financial performance were false and misleading at all relevant times.

THE PLAINTIFF’S PRINCIPAL PROCESS:

Celsius investors may, no later than January 21, 2025, seek to be appointed as the lead plaintiff class representative through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain which is not in class. The lead plaintiff is a representative party who acts on behalf of all class members in managing the litigation. The lead plaintiff is usually the investor or a small group of investors who have the largest financial interest and who are also substantial and typical of the proposed class of investors. The lead plaintiff will select an attorney to represent the lead plaintiff and the class and these attorneys, if approved by the court, will be lead or class counsel. Your ability to share in any recovery is not affected by the decision whether or not to serve as a lead plaintiff.

Kessler Topaz Meltzer & Check, LLP encourages Celsius investors who have suffered significant losses to contact the company directly for more information.

CLICK HERE TO SIGN UP FOR A CASE OR GO TO: https://www.ktmc.com/new-cases/celsius-holdings-inc?utm_source=PR&utm_medium=link&utm_campaign=celh&mktm=r

ABOUT KSSLER TOPAZ MELTZER & CHECK, LLP:

Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts nationwide and around the world. The firm has developed a global reputation for excellence and has recovered billions of dollars for victims of fraud and other corporate misconduct. All of our work is driven by one common goal: protecting investors, consumers, employees and others from fraud, abuse, misconduct and negligence by businesses and fiduciaries. The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP please visit www.ktmc.com.

CONTACT:

Kessler Topaz Meltzer & Check, LLP

Jonathan Naji, Esq.

(484) 270-1453

280 King of Prussia Road

Radnor, PA 19087

[email protected]

May be considered attorney advertising in some jurisdictions. Past results do not guarantee future results.

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