secwatch.observer — SEC 8-K summary
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Issuer:     Celsius Holdings, Inc. (CELH)
CIK:        0001341766
Form:       8-K
Filed at:   2022-08-03T23:59:59+00:00
Accession:  0001829126-22-015110
Event type: other_material
Sentiment:  positive
Materiality: 0.95
Item codes: 1.01, 3.02, 3.03, 5.03, 5.02, 5.05, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Celsius secures $550M PepsiCo investment, distribution deal, and board seat
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- PepsiCo purchased 1,466,666 shares of Series A Convertible Preferred Stock for $550M ($75 per share conversion).
- Series A Preferred pays 5% cumulative quarterly dividends; ranks senior to common stock.
- PepsiCo gets exclusive US distribution rights (excl. Puerto Rico, US Virgin Islands) via Distribution Agreement.
- James Lee (PepsiCo SVP) appointed to Celsius board, increasing board size to nine.
- Directors, CEO and CFO entered 12-month lock-up agreements; resale registration rights granted.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1341766/000182912622015110/0001829126-22-015110-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1341766/000182912622015110/celsiusholdings_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-22-015110

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer