Celsius Holdings, Inc. Announces Closing of $14.5 Million Public Offering of 900,000 Units; Common Stock and Warrants Listed on
February 16 2010 - 3:49PM
Marketwired
Celsius Holdings, Inc. (NASDAQ: CELH)
(NASDAQ: CELHW) announced today the closing of its previously
announced public offering of 900,000 units resulting in aggregate
gross proceeds of $14.5 million. Each unit consists of four shares
of common stock and one warrant to purchase one share of common
stock. The warrants are exercisable at a price of $5.32 per share
at any time through February 8, 2013. In addition, the Company has
granted the underwriters an option to purchase up to 135,000
additional units to cover over-allotments, exercisable at any time
up to 45 days from the closing of the offering.
The net proceeds of the offering after deducting underwriting
discount and estimated offering expenses were approximately $13.1
million. The net proceeds will be used for 2010 marketing efforts,
product development and general corporate purposes, including
working capital.
The common stock and warrants comprising the units are
separately transferable and trade on the Nasdaq Capital Market
under the symbols "CELH" and "CELHW," respectively. The units do
not trade on any exchange.
Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg
Thalmann Financial Services Inc. (NYSE Amex: LTS), acted as the
sole book-runner, with Maxim Group LLC acting as co-managing
underwriter. Copies of the final prospectus relating to the
offering may be obtained from Ladenburg Thalmann & Co. Inc.,
4400 Biscayne Blvd, 14th Floor, Miami, FL 33137.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities. There shall be no
sale of these securities in any state 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.
About Celsius Holdings, Inc.
Celsius Holdings, Inc. (NASDAQ: CELH) (NASDAQ: CELHW) markets
Celsius®, the original, great tasting calorie burner that is backed
by science, through its wholly-owned operating subsidiary, Celsius,
Inc. Celsius, Inc. is dedicated to providing healthier, everyday
refreshment through science and innovation. Information about
Celsius Holdings, Inc. is available at our website. More
information about Celsius, the original, great tasting calorie burner, is available at
http://www.celsius.com.
Forward-Looking Statements
This press release may contain statements that are not
historical facts and are considered forward-looking within the
meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements contain projections of Celsius
Holdings' future results of operations and/or financial position,
or state other forward-looking information. In some cases you can
identify these statements by forward-looking words such as
"anticipate," "believe," "could," "estimate," "expect," "intend,"
"may," "should," "will," "would," or similar words. You should not
rely on forward-looking statements since Celsius Holdings' actual
results may differ materially from those indicated by
forward-looking statements as a result of a number of important
factors. These factors include, but are not limited to: general
economic and business conditions; our business strategy for
expanding our presence in our industry; anticipated trends in our
financial condition and results of operation; the impact of
competition and technology change; existing and future regulations
affecting our business; and other risks and uncertainties discussed
in the reports Celsius Holdings files from time to time with the
Securities and Exchange Commission. Celsius Holdings does not
intend to and undertakes no duty to update the information
contained in this press release.
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Contact Info: Geary W. Cotton (866) 4-CELSIUS
gcotton@celsius.com Jan Norelid (866) 4-CELSIUS
jnorelid@celsius.com
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