Dec 24 2009
Celsius Holdings, Inc. (OTCBB: CSUH) will
implement its previously announced 1 for 20 reverse stock split at the
close of business on December 23, 2009. Upon the effectiveness of the
reverse stock split, all our issued and outstanding shares of common stock
will be combined and reconstituted as a smaller number of shares of common
stock, in a ratio of one share of common stock for every 20 shares of
common stock. We will round up any fractional shares of common stock
issuable in connection with the reverse stock split. Our authorized shares
of capital stock will be reduced proportionately from 1,000,000,000 to
50,000,000 shares of common stock and from 50,000,000 to 2,500,000 shares
of preferred stock. Our common stock will continue to trade on the OTC
Bulletin Board under the symbol CSUH.OB. A "D" will be appended as a 5th
character to the current trading symbol for 20 business days, including the
effective date. The "D" will be removed after 20 business days.
SOURCE: Celsius Holdings, Inc.