Business
Celsius Holdings Announces Closing of Public Offering of Common Stock and Full Exercise of Underwriters' Option to Purchase Additional Shares
BOCA RATON, Fla., Sept. 16, 2019 /PRNewswire/ -- Celsius Holdings, Inc. (NASDAQ: CELH) (the "Company" or "CELH") today announced the closing of its previously
About this update from Celsius Holdings, Inc.
[{"type":"text","content":"BOCA RATON, Fla., Sept. 16, 2019 /PRNewswire/ -- Celsius Holdings, Inc. (NASDAQ: CELH) (the \"Company\" or \"CELH\") today announced the closing of its previously announced underwritten registered public offering of 7,986,110 shares of its common stock, inclusive of 1,041,666 shares sold upon full exercise of the underwriters' option to purchase additional shares of common stock, at a price to the public of $3.60 per share. All shares of common stock were sold by the Company. Certain directors and affiliates of the Company purchased an aggregate of 1,111,110 shares of common stock in the offering.\n\n \nThe total gross proceeds from the offering are expected to be approximately $28.7 million. After deducting the underwriters' discount and other estimated offering expenses payable by the Company, the net proceeds are expected to be approximately $26.9 million. \nB. Riley FBR acted as sole bookrunner for the offering. Ladenburg Thalmann and Maxim Group LLC acted as co-managers for the offering.\nThe offering was made pursuant to the Company's shelf registration statement on Form S-3 (File No. 333-228888) that was declared effective by the Securities and Exchange Commission (\"SEC\") on February 1, 2019. The shares were offered only by means of a prospectus. A final prospectus supplement describing the terms of the offering and the accompanying base prospectus were filed with the SEC and will be available on the SEC's website located at http://www.sec.gov. Alternatively, copies of the final prospectus supplement and accompanying prospectus relating to the offering may be obtained from B. Riley FBR, Inc., Attention: Prospectus Department, 1300 17th St. North, Ste. 1300, Arlington, VA 22209, or by email at [email protected], or by telephone at (703) 312-9580. \nThis press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. \nAbout Celsius Holdings, Inc.Celsius Holdings, Inc. (Nasdaq: CELH), is a global company with a proprietary, clinically proven formula for its brand CELSIUS® and all its sub-brands. A lifestyle fitness drink and a pioneer in the rapidly gr...