Celsius

Celsius Disclosure Statement Approved by Court

Retrieved on: 
Thursday, August 17, 2023
Professional Services, Other Professional Services, Blockchain, Technology, Cryptocurrency, Finance, Asset Management, Celsius Network, Centerview Partners, LLP, Interim, Bankruptcy, Stretto, Plan, Kirkland & Ellis, Chapter 11, Title 11, United States Code, Eastern Time Zone, Celsius, Standardized Natural Hazards Disclosure Statement, Committee, Official Committee of Equity Security Holders, Perella Weinberg Partners, White & Case, Wind, United States bankruptcy court, BRIC, Willkie Farr & Gallagher, Alvarez and Marsal, Court, Disclosure, Unsecured creditor, Security (finance), Fahrenheit, NewCo

Celsius Network LLC (“Celsius” or the “Company”) announced today that its Disclosure Statement was approved by the United States Bankruptcy Court for the Southern District of New York (“the Court”).

Key Points: 
  • Celsius Network LLC (“Celsius” or the “Company”) announced today that its Disclosure Statement was approved by the United States Bankruptcy Court for the Southern District of New York (“the Court”).
  • The Solicitation Package will include Celsius’ Disclosure Statement and Plan, detailed voting instructions, and additional important information.
  • Celsius encourages customers to read the Disclosure Statement in full to learn more about the Plan.
  • The full terms of the Plan and Disclosure Statement, as well as additional information about the Chapter 11 filing, including Court documents, can be found online free of charge at https://cases.stretto.com/celsius .

AUXO Announces the Launch of Celsius, 2-in-1 Concentrate and Dry Herb Vaporizer With Superior Vapor Performance

Retrieved on: 
Wednesday, August 9, 2023
Temperature, Compact Disc manufacturing, Celsius

SHENZHEN, China, Aug. 9, 2023 /PRNewswire/ -- AUXO, the premier provider of high-quality concentrate and flower vaporizers, announced today the launch of Celsius , their new 2-in-1 flagship vaporizer for both dry herb and concentrates, which provides superior vapor performance in seconds.

Key Points: 
  • SHENZHEN, China, Aug. 9, 2023 /PRNewswire/ -- AUXO, the premier provider of high-quality concentrate and flower vaporizers, announced today the launch of Celsius , their new 2-in-1 flagship vaporizer for both dry herb and concentrates, which provides superior vapor performance in seconds.
  • This compact, dual-use dry herb and concentrate vaporizer features a 360° rotatable mouthpiece and a unique airflow window that allows for extremely even heat distribution.
  • The vaporizer is suitable for use with both flower and wax, and switching between the two modes is very simple.
  • Celsius is the pinnacle of AUXO's dry herb vaporizer line and lives up to the same incomparable standards of manufacturing and performance as prior models.

Centigrade Announces New Open Data Platform to Restore Trust in Carbon Markets

Retrieved on: 
Monday, August 7, 2023
Environment, Technology, Climate Change, Finance, Environmental Health, Professional Services, Sustainability, Software, Green Technology, Data Analytics, Ecosystem, High-integrity pressure protection system, Risk management, Trust, Climate change, Celsius, Attention, Risk, Carbon, Forest, Online shopping, Cryptocurrency

Today, Centigrade , a climate-focused technology provider, announces the launch of an open data platform focused on restoring trust in global voluntary carbon markets.

Key Points: 
  • Today, Centigrade , a climate-focused technology provider, announces the launch of an open data platform focused on restoring trust in global voluntary carbon markets.
  • Centigrade’s easy-to-use platform provides the fundamental data quality, availability, and transparency required for a liquid, fair, and efficient carbon market - thus enabling the necessary elements required for trust and increased participation in a durable market.
  • All truly functional markets require high-integrity, transparent data - and the complex realm of carbon and nature credits is no exception.
  • Using innovative technologies, Centigrade provides the integrated, interoperable and open data platform that will enable all market actors, private and public, to make sophisticated decisions”, said Andreas Merkl, Co-founder and CEO at Centigrade.

CELSIUS® Essential Energy Named the Official Energy Drink Partner of the Orange Blossom Classic

Retrieved on: 
Thursday, August 3, 2023
Reunion, Partnership, OBC, HBCU, Celsius, Likeness, Yard, Social media, Movement, NIL, Hard Rock Stadium, Student, Orange Blossom Classic, Florida A&M University, Jackson State University, MIAMI, JSU, Orange Blossom, Family, Tourism

MIAMI GARDENS, Fla., Aug. 3, 2023 /PRNewswire/ -- Continuing to support collegiate athletics and tomorrow's future leaders, lifestyle energy drink CELSIUS®, has been named as the Official Energy Drink Partner of the Orange Blossom Classic (OBC).

Key Points: 
  • MIAMI GARDENS, Fla., Aug. 3, 2023 /PRNewswire/ -- Continuing to support collegiate athletics and tomorrow's future leaders, lifestyle energy drink CELSIUS®, has been named as the Official Energy Drink Partner of the Orange Blossom Classic (OBC).
  • For the second consecutive year, the better-for-you energy drink will be the official game-day energy drink for the edge-of-your-seat HBCU action between Jackson State University and Florida A&M University in Miami Gardens, FL.
  • "We are absolutely elated that Celsius is renewing its partnership with the Denny's Orange Blossom Classic," says Kendra Bulluck, Executive Director of the Orange Blossom Classic Committee.
  • To view the full Denny's Orange Blossom Classic presented by Ready Life event itinerary, visit orangeblossomclassic.com/events.

Celsius Therapeutics Announces Initiation of Dosing in Phase 1 Clinical Trial of CEL383, an Anti-TREM1 Antibody for the Treatment of Inflammatory Bowel Disease

Retrieved on: 
Thursday, August 3, 2023
Oncology, Health, FDA, Genetics, Clinical Trials, Pharmaceutical, Biotechnology, Inflammation, IBD, Quality of life, Pharmacokinetics, RNA, Ulcerative colitis, B cell, Inflammatory bowel disease, Patient, Biology, SCOPE, Therapy, Safety, Pharmaceutical industry, Celsius

CEL383 is a potential first-in-class anti-TREM1 antibody that Celsius is advancing for the treatment of inflammatory bowel disease (IBD).

Key Points: 
  • CEL383 is a potential first-in-class anti-TREM1 antibody that Celsius is advancing for the treatment of inflammatory bowel disease (IBD).
  • “The initiation of this study marks an important milestone for Celsius as we advance the first clinical candidate identified through our SCOPE platform into the clinic,” said Tariq Kassum, M.D., President and CEO of Celsius.
  • “A substantial and growing body of evidence shows that TREM-1 plays a central role in ulcerative colitis and Crohn’s disease, chronic inflammatory conditions that can significantly impact patient lives.
  • To learn more about the CEL383 clinical trial, visit clinicaltrials.gov (Identifier: NCT05901883).

New WORX Mobile Refrigerator/Freezer Cooler Provides Three Power Options

Retrieved on: 
Thursday, July 20, 2023
Human, Electronics, WORX, Celsius, New product development, USB, Temperature, DIY, Ice, CU, Battery, Water, Camping, Lithium, Video game, Electric battery, Dairy, Amazon

CHARLOTTE, N.C., July 20, 2023 /PRNewswire-PRWeb/ -- Summer travel, picnics, boat excursions, trips to the beach or race track, camping, and more are enhanced with the new WORX® 20V Battery and Electric Powered Cooler. No need for ice. This high-tech cooler provides three power options to keep things cool: cordless battery power, a plug-in D/C power/cigarette lighter adapter for vehicles or an A/C 5 ft. power cord to plug into any electrical outlet.

Key Points: 
  • This high-tech cooler provides three power options to keep things cool: cordless battery power, a plug-in D/C power/cigarette lighter adapter for vehicles or an A/C 5 ft. power cord to plug into any electrical outlet.
  • This high-tech cooler provides three power options to keep things cool: cordless battery power, a plug-in D/C power/cigarette lighter adapter for vehicles or an A/C 5 ft. power cord to plug into any electrical outlet.
  • Included with the WORX 20V Battery and Electric Powered Cooler are two, 20V 4.0Ah MAX lithium batteries, 1-hour dual-port charger, an A/C power cord and a D/C power/cigarette lighter adapter cord.
  • The WORX 20V Battery and Electric Powered Cooler (WX876L, $499.99) is available at worx.com and Amazon.

FTC Reaches Settlement with Crypto Platform Celsius Network; Charges Former Executives with Duping Consumers into Transferring Cryptocurrency into their Platform and then Squandering Billions in User Deposits

Retrieved on: 
Thursday, July 13, 2023
Celsius Network, Consumer protection, Insurance, Marketing, Celsius, Commission, Policy, Blog, Social media, Alex Mashinsky, Federal Trade Commission, Judgement, Leon Goldstein, Complaint, District court, Retirement, Freezing, Risk, FTC, Douglas v. U.S. District Court ex rel Talk America, News, Bankruptcy, APY, Cryptocurrency, Bank
Key Points: 

FTC Reaches Settlement with Crypto Platform Celsius Network; Charges Former Executives with Duping Consumers into Transferring Cryptocurrency into their Platform and then Squandering Billions in User Deposits

Retrieved on: 
Thursday, July 13, 2023
Celsius Network, Consumer protection, Insurance, Marketing, Celsius, Commission, Policy, Blog, Social media, Alex Mashinsky, Federal Trade Commission, Judgement, Leon Goldstein, Complaint, District court, Retirement, Freezing, Risk, FTC, Douglas v. U.S. District Court ex rel Talk America, News, Bankruptcy, APY, Cryptocurrency, Bank

The companies also agreed to a judgment of $4.7 billion, which will be suspended to permit Celsius to return its remaining assets to consumers in bankruptcy proceedings.

Key Points: 
  • The companies also agreed to a judgment of $4.7 billion, which will be suspended to permit Celsius to return its remaining assets to consumers in bankruptcy proceedings.
  • New Jersey-based Celsius—which filed for bankruptcy in July 2022—marketed a variety of cryptocurrency products and services to consumers, including interest-bearing accounts, personal loans secured by their cryptocurrency deposits, and a cryptocurrency exchange.
  • Many consumers reported that these promises were important factors in their decision to deposit cryptocurrency with Celsius.
  • In opening accounts with Celsius, consumers were required to provide access to sensitive information including their bank account and other financial information.
  • Far from securing customers’ cryptocurrency deposits, Celsius took title to and misappropriated these deposits totaling more than $4 billion, according to the complaint.
  • The FTC says that Celsius and its top executives also failed to deliver the returns they promised on consumers’ cryptocurrency.

SEC Charges Celsius Network Limited and Founder Alex Mashinsky with Fraud and Unregistered Offer and Sale of Securities

Retrieved on: 
Thursday, July 13, 2023
Celsius Network, Crypto, CFTC, CEL, Alex Mashinsky, Joint Sigint Cyber Unit, Sale, Commodity Futures Trading Commission, Complaint, Private prosecution, FBI, Security (finance), Contract management, Safety, Cryptocurrency, Celsius

As alleged, although the Earn Interest Program constituted the offer and sale of securities under the federal securities laws, no registration was filed or in effect for the offering, and no exemption from registration was available.

Key Points: 
  • As alleged, although the Earn Interest Program constituted the offer and sale of securities under the federal securities laws, no registration was filed or in effect for the offering, and no exemption from registration was available.
  • As a result, the Earn Interest Program lacked the protection that registration would offer.
  • The SEC’s complaint alleges that Celsius and Mashinsky manipulated the market of CEL.
  • The SEC appreciates the assistance of the U.S. Attorney’s Office for the Southern District of New York, the FBI, and the CFTC.

Media Release: Sensirion and ZenMeasure collaborate to create a portable mobile CO2 detector

Retrieved on: 
Thursday, July 6, 2023
Headache, Calibration, Celsius, Carbon dioxide, USB, Fahrenheit, Temperature, LED, Humidity, Risk, CO2, Health, Somnolence, Fatigue, Heating, ventilation, and air conditioning

The brand new Meawow (a global brand under ZenMeasure Technologies) Mini Bluetooth CO2 detector (H411) equipped with the Sensirion CO2 sensor was officially released in June 2023, becoming the smallest portable Bluetooth CO2 detector currently available on the market.

Key Points: 
  • The brand new Meawow (a global brand under ZenMeasure Technologies) Mini Bluetooth CO2 detector (H411) equipped with the Sensirion CO2 sensor was officially released in June 2023, becoming the smallest portable Bluetooth CO2 detector currently available on the market.
  • "The high-precision and ultra-compact CO2 sensor from Sensirion has helped us achieve a portable design with the smallest size and highest measurement accuracy.
  • We are delighted to see that thanks to this collaboration, our product has become the most lightweight, intelligent, and long-lasting wireless Bluetooth CO2 detector globally.
  • To learn more about the Meawow brand and the products by ZenMeasure, please visit the company's website ( www.meawow.com ) and pages on Facebook and Instagram.