InvestorNewsBreaks — Celsius Holdings Inc. (NASDAQ: CELH) Closes on $463M Public Offering

July 1, 2021 09:01:33
Celsius Holdings (NASDAQ: CELH), maker of the global fitness drink Celsius(R), announced that it has officially closed on its previously announced underwritten public offering. The offering was comprised of 7,391,408 shares of common stock, including 6,257,455 shares of common stock offered by certain selling stockholders of Celsius Holdings and 1,133,953 shares of common stock offered by Celsius Holdings; included in those shares were 873,141 shares pursuant to the partial exercise of the over-allotment option granted to the underwriters. According to the announcement, the shares were sold at $62.50 per share, and the company will see $462 million in gross proceeds from the transaction. The company plans to use the net proceeds for general corporate purposes. Roth Capital Partners acted as co-manager for the offering. For more information, visit About Celsius Holdings Inc. Celsius Holdings is a fast-growing company in the functional energy drink and supplement categories in the United States and internationally, engaged in the development, marketing, sale and distribution of functional calorie-burning supplements that offer clinically proven and innovative formulas meant to improve the health and wellness of its consumers. Celsius offers five beverage lines that include Celsius Originals, Celsius Heat(TM), Celsius BCAA+Energy, Celsius On-the-Go and Celsius Sweetened with Stevia. Celsius drinks have no sugar, preservatives, aspartame, or high-fructose corn syrup, and its products are non-GMO, with no artificial flavors or colors. The Celsius line of products is certified kosher and vegan. Celsius is also soy and gluten free and contains very little sodium.

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