Celsius Holdings Files 8-K
Ticker: CELH · Form: 8-K · Filed: Mar 26, 2024 · CIK: 1341766
| Field | Detail |
|---|---|
| Company | Celsius Holdings, INC. (CELH) |
| Form Type | 8-K |
| Filed Date | Mar 26, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, filing, exhibits
Related Tickers: CELH
TL;DR
CELH filed an 8-K on 3/26 for a 3/23 event - likely a new deal.
AI Summary
Celsius Holdings, Inc. filed an 8-K on March 26, 2024, reporting on events that occurred on March 23, 2024. The filing indicates an entry into a material definitive agreement and includes financial statements and exhibits. Specific details of the agreement or financial figures were not provided in the excerpt.
Why It Matters
This filing signals a significant event for Celsius Holdings, Inc., potentially involving a new material agreement that could impact its business operations and financial standing.
Risk Assessment
Risk Level: medium — The filing of an 8-K often indicates material events, which can introduce uncertainty or opportunity, thus warranting a medium risk assessment until details are fully understood.
Key Numbers
- 20240323 — Earliest Event Date (Date of the earliest event reported in the 8-K.)
- 20240326 — Filing Date (Date the 8-K was filed with the SEC.)
Key Players & Entities
- Celsius Holdings, Inc. (company) — Registrant
- Nevada (jurisdiction) — State of incorporation
- Boca Raton, Florida (location) — Principal executive offices
- VECTOR VENTURES CORP. (company) — Former company name
FAQ
What is the nature of the material definitive agreement entered into by Celsius Holdings, Inc. on March 23, 2024?
The provided excerpt does not specify the details of the material definitive agreement, only that one was entered into.
What specific financial statements and exhibits are included with this 8-K filing?
The excerpt states that financial statements and exhibits are included, but does not list their specific contents.
What was the previous name of Celsius Holdings, Inc. and when did the name change occur?
The previous name was VECTOR VENTURES CORP., and the date of the name change was October 18, 2005.
In which state is Celsius Holdings, Inc. incorporated?
Celsius Holdings, Inc. is incorporated in Nevada.
What is the principal executive office address for Celsius Holdings, Inc.?
The principal executive office is located at 2424 N Federal Highway, Suite 208, Boca Raton, Florida 33431.
Filing Stats: 596 words · 2 min read · ~2 pages · Grade level 11.5 · Accepted 2024-03-26 17:24:24
Key Financial Figures
- $0.001 — ange on Which Registered Common Stock, $0.001 par value per share CELH Nasdaq Capital
Filing Documents
- celh-20240323.htm (8-K) — 26KB
- celsius-pepsixamendmentn.htm (EX-10.1) — 15KB
- celsius-pepsixamendmentn001.jpg (GRAPHIC) — 874KB
- celsius-pepsixamendmentn002.jpg (GRAPHIC) — 316KB
- 0001628280-24-013122.txt ( ) — 1841KB
- celh-20240323.xsd (EX-101.SCH) — 2KB
- celh-20240323_def.xml (EX-101.DEF) — 15KB
- celh-20240323_lab.xml (EX-101.LAB) — 26KB
- celh-20240323_pre.xml (EX-101.PRE) — 16KB
- celh-20240323_htm.xml (XML) — 3KB
01 Entry Into a Material Definitive Agreement
Item 1.01 Entry Into a Material Definitive Agreement. Amendment to Distribution Agreement On March 23, 2024, Celsius Holdings, Inc., a Nevada Corporation (the "Company") entered into an Amendment No. 1 (the "Amendment") to its Distribution Agreement (the "Agreement") dated August 1, 2022 with PepsiCo, Inc. ("Distributor") pursuant to which the Company will provide Distributor with an incentive program, as set forth in the Amendment, designed to incentivize and compensate Distributor for its continued focus on and actions to support the Licensed Products in the Territory, as such terms are defined in the Agreement. The foregoing description of the Amendment is only a summary and is qualified in its entirety by reference to the full text of the Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference in this Item 1.01.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No Description 10.1* Amendment No. 1 to Distribution Agreement with PepsiCo, Inc., dated March 23, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) ____________________ *Pursuant to Item 601(b)(10)(iv) of Regulation S-K, portions of this exhibit have been omitted because the Company customarily and actually treats the omitted portions as private or confidential, and such portions are not material and would likely cause competitive harm to the Company if publicly disclosed. The Company will supplementally provide a copy of an unredacted copy of this exhibit to the U.S. Securities and Exchange Commission or its staff upon request. SIGNATURE 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 hereunto duly authorized. CELSIUS HOLDINGS, INC. Date: March 26, 2024 By: /s/ Richard Mattessich Richard Mattessich, Chief Legal Officer