Celsius Files Motion to Extend Submission Time for Reorganization Plan

Celsius announced that it has filed a motion today, requesting approval to extend the Exclusivity Periods in its cases. This would give Celsius more time to submit a plan of reorganization.

Celsius said, "We are making substantial progress towards the determination of a value-maximizing path forward, but this important work is complex and it is critical for us to be as rigorous and thorough as possible in the interest of all stakeholders. There remain significant legal questions and issues that must be resolved before our cases can reach a conclusion."

"We plan to continue advancing our productive conversations with important stakeholders in our cases to put forward a strong and comprehensive plan."