Celsius Holdings, Inc 8-K, filed Oct 12, 2022
Celsius Holdings, Inc. (CELH)
About this 8-K
Celsius Holdings, Inc filed this 8-K on October 12, 2022.
Items reported
- Item 8.01: Other events
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| Item 8.01 | Other Events. |
On October 12, 2022, Celsius Holdings, Inc. (the “Company”) and the plaintiffs in both Prescod v. Celsius Holdings, Inc., pending in the Los Angeles County Superior Court, Case No. 19STCV09321, and Hezi, et al. v. Celsius Holdings, Inc., Case No. 1:21-cv-09892, pending in the United States District Court for the Southern District of New York, notified both courts that an agreement in principle to settle has been reached to resolve the cases on a nationwide class basis for an aggregate amount of $7.8 million. The Company and plaintiffs will submit the settlement agreement for preliminary judicial approval within the next several weeks, and if the court considering the settlement grants preliminary approval, it will direct the transmission of notice to members of the proposed settlement class. The parties have asked that the courts vacate all deadlines in their respective matters to facilitate moving forward with the settlement.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| CELSIUS HOLDINGS, INC. | ||
| (Registrant) | ||
| Date: October 12, 2022 | By: | /s/ John Fieldly |
| Name: | John Fieldly | |
| Title: | Chief Executive Officer | |
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