Celsius Holdings, Inc. NASDAQ: CELH

A securities class action has been filed on behalf of investors who purchased or otherwise acquired Celsius Holdings, Inc. (“Celsius” or the “Company”) (NASDAQ: CELH) securities between February 21, 2025 and June 3, 2026, inclusive (the “Class Period”). On April 1, 2025, Celsius acquired Alani Nutrition LLC (“Alani Nu”), a maker of highly caffeinated energy drinks marketed largely to young adults.

The complaint alleges that throughout the Class Period, defendants failed to disclose that: (i) Alani Nu products did not adequately disclose the cardiac risks associated with their consumption; (ii) by marketing Alani Nu drinks to consumers under 18, the Company was marketing to individuals particularly susceptible to those risks; (iii) this created a non-speculative risk that consumers would suffer potentially fatal adverse health events; (iv) once revealed, this was likely to significantly harm the Company's business and reputation; and (v) as a result, defendants' public statements were materially false and misleading.

On April 9, 2026, NBC News and local outlet MyRGV reported that the family of 17-year-old Texas cheerleader Larissa Rodriguez had filed a wrongful death lawsuit against two Alani Nu distributors, alleging Rodriguez died from an enlarged heart caused by drinking Alani Nu energy drinks, and that the drinks “had inadequate warnings about the serious cardiac risks.” Celsius responded that its “policy is not to market or sample to anyone under 18.” On this news, Celsius stock fell $1.52 per share, or 4.18%, to close at $34.86 on April 10, 2026. Then, on June 4, 2026, Texas Attorney General Ken Paxton announced an investigation into whether Celsius and Alani Nu violated the Texas Deceptive Trade Practices Act by misrepresenting product safety to children and teens. On this news, Celsius stock fell $2.26 per share, or 7.53%, to close at $27.75 on June 4, 2026.