<SEC-DOCUMENT>0001213900-20-022998.txt : 20200820
<SEC-HEADER>0001213900-20-022998.hdr.sgml : 20200820
<ACCEPTANCE-DATETIME>20200820083531
ACCESSION NUMBER:		0001213900-20-022998
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20200820
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Unregistered Sales of Equity Securities
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20200820
DATE AS OF CHANGE:		20200820

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Celsius Holdings, Inc.
		CENTRAL INDEX KEY:			0001341766
		STANDARD INDUSTRIAL CLASSIFICATION:	BOTTLED & CANNED SOFT DRINKS CARBONATED WATERS [2086]
		IRS NUMBER:				202745790
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34611
		FILM NUMBER:		201118763

	BUSINESS ADDRESS:	
		STREET 1:		2424 N. FEDERAL HWY
		STREET 2:		SUITE 208
		CITY:			BOCA RATON
		STATE:			FL
		ZIP:			33431
		BUSINESS PHONE:		561-276-2239

	MAIL ADDRESS:	
		STREET 1:		2424 N. FEDERAL HWY
		STREET 2:		SUITE 208
		CITY:			BOCA RATON
		STATE:			FL
		ZIP:			33431

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VECTOR VENTURES CORP.
		DATE OF NAME CHANGE:	20051018
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>ea125809-8k_celsiusholdings.htm
<DESCRIPTION>CURRENT REPORT
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0; margin-bottom: 0; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>UNITED
STATES</B>&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SECURITIES
AND EXCHANGE COMMISSION</B>&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WASHINGTON,
D.C. 20549</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>FORM
8-K</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>CURRENT
REPORT</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Date
of Report (date of earliest event reported): August 20, 2020</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>CELSIUS
HOLDINGS, INC.</B>&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Exact
name of registrant as specified in charter)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Nevada&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(State
or other jurisdiction of incorporation)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; width: 49%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">000-55663</FONT></TD>
    <TD STYLE="padding-bottom: 1.5pt; font: 10pt Times New Roman, Times, Serif; width: 2%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; width: 49%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">20-2745790</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Commission
File Number)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(IRS Employer Identification
    No.)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>2424
N. Federal Highway, Suite 208, Boca Raton, Florida 33431&nbsp;</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Address
of principal executive offices and zip code)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; width: 100%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(561)
    276-2239</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Registrant&rsquo;s
    telephone number including area code)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; width: 100%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Former
    Name or Former Address (If Changed Since Last Report)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of registrant under
any of the following provisions:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 24px"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Written communications
    pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 24px"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Soliciting material
    pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 24px"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pre-commencement
    communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 24px"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pre-commencement
    communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Securities
registered pursuant to Section 12(b) of the Act:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="border-bottom: black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; width: 32%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Title
    of each class</B></FONT></TD>
    <TD STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; width: 2%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; width: 32%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Trading
    Symbol(s)</B></FONT></TD>
    <TD STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; width: 2%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; width: 32%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Name
    of each exchange on which registered</B></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Common Stock, $0.001
    par value per share</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CELH</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The NASDAQ Capital
    Market</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933
(&sect;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&sect;240.12b-2 of this chapter).
Emerging growth company &#9744;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period
for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. &#9744;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0; margin-bottom: 0; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; border-bottom: Black 2pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid">&nbsp;</DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">When
used in this Current Report on Form 8-K, unless otherwise indicated, the terms &ldquo;<B>the Company</B>,&rdquo; &ldquo;<B>Celsius</B>,&rdquo;
&ldquo;<B>we</B>,&rdquo; &ldquo;<B>us</B>&rdquo; and &ldquo;<B>our</B>&rdquo; refer to Celsius Holdings, Inc. and its subsidiaries.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 72px"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Item
                          1.01</B></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Entry
                                         into a Material Definitive Agreement.</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
disclosure set forth in <B>Item 3.02</B> of this report is hereby incorporated by reference in its entirety.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 72px"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Item 3.02</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Unregistered
    Sales of Equity Securities.</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
August 20, 2020, the Company issued a press release announcing that it entered into an agreement pursuant to which Celsius will
receive a direct private investment of $22 million from two institutional investors. The transaction is anticipated to close on
or about August 25, 2020. The Company will use the net proceeds from the investment transaction for (i) the repayment of outstanding
bonds incurred in connection with our October 2019 acquisition of Func Food Group Oyj; and (ii) for general working capital purposes,
including marketing and sales efforts.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
connection with the aforementioned private placement transaction, the Company will issue and sell 1,437,909 shares of common stock
at a price of $15.30 per share. In addition, various affiliates of Celsius, including six directors and CD Financial, LLC, an
affiliate of Carl DeSantis, the Company&rsquo;s largest shareholder, will sell an aggregate of 1,307,189 shares of common stock
held by them at a price of $15.30 per share to the two investors. The transactions will be effected pursuant to an exemption from
registration afforded by Regulation S under the Securities Act of 1933.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">A
copy of the press release is included as <B>Exhibit 99.1</B> to this report.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 72px"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Item 9.01</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Financial Statements
    and Exhibits.</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 48px"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 24px"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exhibits</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; white-space: nowrap; width: 10%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit
    No</B></FONT></TD>
    <TD STYLE="padding-bottom: 1.5pt; font: 10pt Times New Roman, Times, Serif; white-space: nowrap; width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; white-space: nowrap; width: 89%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Description</B></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">99.1</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><A HREF="ea125809ex99-1_celsiushold.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Press Release dated August 20, 2020</FONT></A></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 2; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="text-align: center; width: 34%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SIGNATURE</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">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.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>CELSIUS HOLDINGS, INC.</B></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 60%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 4%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 36%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Date: August 20, 2020</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ John
    Fieldly</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">John
    Fieldly, Chief Executive Officer</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">2</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0; margin-bottom: 0; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ea125809ex99-1_celsiushold.htm
<DESCRIPTION>PRESS RELEASE DATED AUGUST 20, 2020
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Exhibit 99.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><U>FOR IMMEDIATE RELEASE</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><IMG SRC="img_001.jpg" ALT=""></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B><I>Celsius Holdings
Announces Strategic Investment of $22 Million</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><I>Investment Brings
Strategic Investors Providing Growth Capital </I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><I>and New International
Opportunities</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><I>Facilitates Expansion
into Top US Convenience Store Chain</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">BOCA RATON, FL, August 20, 2020
/PRNewswire/ --&nbsp;Celsius Holdings, Inc., (Nasdaq: CELH) (the &ldquo;Company&rdquo; or &ldquo;Celsius&rdquo;), maker of a
leading global fitness drink, CELSIUS&reg;, today announced that it entered into an agreement providing for a direct private
investment of $22 million with two investors, Boyu Capital and a leading global institutional investor. The transaction is
expected to close on or about August 25, 2020. The Company also announced the expansion into the largest chain of
company-owned and operated gasoline and convenience stores in the United States, Speedway.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;We appreciate the recognition and
trust from these prestigious leading global institutional investors. This is an important milestone to reinforce the momentum
in our business as we continue to capitalize on the global health and wellness trends and disrupt the energy beverage category.
The injection of funds will allow us to eliminate our outstanding bonds incurred in connection with our October 2019 acquisition
of Func Food Group Oyj, which bonds are due in October 2020 and provide working capital enabling Celsius to maximize the significant
growth opportunities in both domestic and global markets,&rdquo; commented John Fieldly, President and Chief Executive Officer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Mr. Fieldly continued, &ldquo;Maximizing
shareholder value is the paramount goal of our management and board of directors. We have established Celsius as a significant
player in the functional energy drink category, facilitated by our increases in market share, outsized growth across multiple
channels compared to our peers and a market capitalization that enables larger, industry focused institutions to justify both
the due diligence and capital allocation to invest in Celsius. We believe Celsius has just begun recognizing the opportunity in
front of us on a global scale and justifies further investment initiatives which continue to accelerate our growth, maximizing
value creation for our shareholders.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">In
                                         the placement transaction, the Company will sell 1,437,909 shares of common stock at
                                         a price of $15.30 per share. In addition, various affiliates of Celsius, including six
                                         directors and CD Financial, LLC an entity owned by Carl DeSantis, the Company&rsquo;s
                                         largest shareholder, will sell an aggregate of 1,307,189 shares of common stock at $15.30
                                         per share. The CD Financial LLC sale represents approximately 3% of the holdings of Mr.
                                         DeSantis. The aforementioned affiliate sales will represent a minority divestiture from
                                         our long-term strategic investment partners to facilitate the investment. The investment
                                         transaction will be effected pursuant to an exemption from registration afforded by Regulation
                                         S under the Securities Act of 1933. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In addition to the announcement of the
transaction, Celsius announced the expansion into the largest chain of company-owned and operated gasoline and convenience stores
in the United States, Speedway. The initial rollout will include two SKU&rsquo;s across 2,700 stores starting in the beginning
of the fourth quarter 2020. The Company anticipates a material ACV increase to over 15% once the rollout to stores commences.
Over 90% of participating Speedway stores will be serviced by DSD (direct store delivery) distribution partners.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo --><!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;Horizon Ventures and affiliated
partners seek to invest in companies with exceptional management teams which are positioned to disrupt categories and Celsius
has already established the Company as a leader in the rapidly emerging functional energy beverage category. Consumers are striving
for healthier drink options which is a common trend on a global scale, and we are confident that Celsius is well positioned as
an energy drink that not only tastes good but is a true differentiator in the category, a unique and attractive offering which
any consumer around the world can relate and benefit from. Stay energized and stay healthy,&rdquo; said Tony Lau of Horizons Ventures
and Co-Chairman of Celsius Holdings.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;We have always believed that Celsius
was a winner with the potential to become a global brand. We are thrilled to welcome our new investors and together along with
our existing management team, we will continue our growth and maximize our potential. These two prestigious funds looking to invest
in Celsius only reinforces our belief that this brand is ready for continued growth and expansion,&rdquo;&#9;said William H. Milmoe,
President of CDS Holdings and Co-Chair of Celsius Holdings.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>About Celsius Holdings, Inc.</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Celsius Holdings, Inc. (Nasdaq: CELH),
is a global company with a proprietary, clinically proven formula for its master brand CELSIUS<SUP>&reg;</SUP> and all its sub-brands.
A lifestyle fitness drink and a pioneer in the rapidly growing performance energy sector, CELSIUS<SUP>&reg;</SUP> has five beverage
lines that each offer proprietary, functional, healthy-energy formulas clinically-proven to offer significant health benefits
to its users. The five lines include, CELSIUS<SUP>&reg;</SUP> Originals, CELSIUS HEAT&trade;, CELSIUS<SUP>&reg;</SUP> BCAA +Energy,
CELSIUS<SUP>&reg;</SUP> On-the-Go, and CELSIUS<SUP>&reg;</SUP> Sweetened with Stevia. CELSIUS<SUP>&reg;</SUP> has zero sugar,
no preservatives, no aspartame, no high fructose corn syrup, and is non-GMO, with no artificial flavors or colors. The CELSIUS<SUP>&reg;
</SUP>line of products is Certified Kosher and Vegan. CELSIUS<SUP>&reg;</SUP> is also soy and gluten-free and contains very little
sodium. CELSIUS<SUP>&reg; </SUP>is backed by six university studies that were published in peer-reviewed journals validating the
unique benefits CELSIUS<SUP>&reg; </SUP>provides. CELSIUS<SUP>&reg;</SUP> is sold nationally at Target, CVS, Walmart, GNC, Vitamin
Shoppe, 7-Eleven, Dick&rsquo;s Sporting Goods, The Fresh Market, Sprouts and other key regional retailers such as HEB, Publix,
Winn-Dixie, Harris Teeter, Shaw&rsquo;s and Food Lion. It is also available on Amazon, at fitness clubs and in select micro-markets
across the country. For more information, please visit http://www.celsiusholdingsinc.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Investor Relations:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Cameron Donahue</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">(651) 653-1854</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">cameron@haydenir.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0; margin-bottom: 0; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>img_001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 img_001.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  $! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_
MVP!# 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_P  1" !A ,<# 2(  A$! Q$!_\0
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MWARWL7M_!5G.RDC[8MZ/[1\4MT.-273-*!)5M#R?E_2R)(X8UCB541%^2.,
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MV?QH^*&GS7-GJEU:W_V?X7^#]2P/]$UCQ)8_\C3?Z9_T+7AG_N-ZSI-?S_\
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M-IWACXG?M(>&?$UXMGS?M9^&==UK1M.U?S% TB37-.##.I[C8^%&KZ7\0_\
M@]#^/^I>#[JV\5:/X0^ .HZ#XNN=-0:A8:/J7AG]EKX8^"O$NE7Q!VAM+\6W
MEGX;U12N4U=FT=@&WK7Z:_\ !0'_ (-I_P!E3]M#]HG7?VMOA7\9_C3^QO\
MM >-+RYN_B+XG^"5SIH\.^-M;O(!8ZWXKO/#=X=)U/0_%WB2P'E:_J7AKQ5I
M.D^*B7UG7=%U+7-3U76=4^H?^":7_!#+]CG_ ()G^!_BMI/P^F^('Q4^*'QW
M\-W_ (/^+OQO^).OBV^(&O>$]4%R;_PGX:O/!?\ PC(^'OA^_O[QM3<^&M2'
MB[4]833M7U?Q?J<^CZ*=' /QY\:?\&Q'@[4OB5\2OV@?^"3O_!4'XM_L@:7X
MU\9>(OM?@_X3ZI=^+?!.D^*]#U^]LM:\#V7CWX/_ !0\ Z[8:)X)\6G6-,_X
M1SQ,OB_5O")CO](=@VF2;_9/^#8O_@H%^UW^TC<_MS?LC_M>?%-?V@_%/[%G
MQ"\,^&?"?QX-ZVNW_BK3=9\0?$SP;K6DWWC);'35\;Z8-=^&K^)/!OB;5E/B
MW6-)\0:B-:U;5$TW2X],X+Q;_P &?W[-MIXG\42_ #]N']L7X"?#+QC>74^N
M_"[2-9T+Q/I\MK>$)=Z4NM!O"U]?Z>;#;IL2^*=,\6:L57.L:MJX+Y_6[]CK
M_@B-^RQ^P?X%^#?@;]FWQA\<?!?_  KSXM6WQE^(OBA?&]LWBC]HKQ-8Z3;Z
M-96GQB-CI>E:;>>$-,T]+O3-'\&>&]+TC0M)TK7?$:II3:UXGU75Y #]GZ**
M* "BBB@ K^=#_@L1^S)+:>//#?[2'AVP632_%]KIW@CX@20)G['XLT.UQX8U
M>\Z'/B;0!_PC3 #"G0]/4$G4S7]%]>=?$WX=>%_BUX%\3?#?QK8?VGX;\6:9
M-INIVPR+B-64O9W5C=,#]CU+3+Y+74M*O\[H]2LTD!!&* /X;(?#?4;/7 _^
MM^?\ZT/[!_Z9?^.__7K[:^/G[,_C#]GKXAZAX'\502WEGBZO/#'B>.U%M8>*
M/#@XL]4M ,@Z@IS_ &SIH)&D:O@@G_B4$^(G1-G\!_3/;\?PH*;O;?YN_P"B
M/K']BG]M_P"*/[,\,?@FZM9?'OPHENYIH_!]Y?+!J7AR>Z</?7'A#6'1Q9*P
MWW[>&]3']E*LC&-M%?:Z_NGX'_;Y_9P\9V4=U<>)]7\(7DL8:72O%7AS6(;B
M(@<;+S1;'5=-N>N#MU/&.@!-?S/^&]$WW!^0GO\ _7]O<\\>^:^H/".B?\>_
MR?YY_P#K\_0Y[T+5)]_^!_F2?O;K'[8/P9MH)'\/:KJ?B^ZV@16VBZ3>V\)/
MO>:X-+L ..")"?45YW_PU7XPU&7S=,\':#8V<H B2^OM4U&YQ_U]6B::ASCG
MY.O'%?!7@O1-ZQC8?PY[_GU_^M7TAHNC[+>/Y.._Y'/>KY=4M=;[JVWS ^O?
M"'[1&FZM)';>*=(FT*23(^W6$WV_3@#_ ,_8 ^WV1'4;E8YX/ KZ+M[FVO+>
M*YM)XKBVGC$L4T<GG0S0D#D$$C!!YP"<Y&3R*_.^STKT3_/&W^G]:^A?@]=Z
M];7\NE6R2W&A^3YMS%++B#3KDL,W%FV#@,0 VFCH#G(*@ARBDKK2PK^3^[_@
MGTO11168PHHHH **** "BBB@ HHHH **** "BBB@ HHHH **** /'?C#\%/
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@@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH __]D!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
