Filing Details

Accession Number:
0001615774-19-002544
Form Type:
13G Filing
Publication Date:
2019-02-14 17:11:12
Filed By:
Desantis Carl
Company:
Celsius Holdings Inc. (NASDAQ:CELH)
Filing Date:
2019-02-14
SEC Url:
13G Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Carl DeSantis 0 22,373,648 22,373,648 0 22,373,648 42.4%
William H. Milmoe 275,600 22,373,648 275,600 0 22,649,248 43%
CD Financial 8,013,337 0 8,013,337 0 8,013,337 15.2%
CDS Ventures of South Florida 14,360,311 0 14,360,311 0 14,360,311 28%
Filing

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934

 

(Amendment No. 2)*

 

Celsius Holdings, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
 
155118V207
(CUSIP Number)
 
December 14, 2018
(Date of Event which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

Rule 13d-1(b)

 

Rule 13d-1(c)

 

Rule 13d-1(d)

 

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

SCHEDULE 13G

 

CUSIP No. 155118V207  

 

1 Names of Reporting Persons
Carl DeSantis
2 Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3 Sec Use Only
 
4 Citizenship or Place of Organization
USA

Number of
Shares
Beneficially
Owned by Each
Reporting
Person With:

 

5 Sole Voting Power
0
6 Shared Voting Power
22,373,648
7 Sole Dispositive Power
22,373,648
8 Shared Dispositive Power
0
9 Aggregate Amount Beneficially Owned by Each Reporting Person
22,373,648(1)
10 Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11 Percent of class represented by amount in row (9)
42.4%
12 Type of Reporting Person (See Instructions)
IN
       

(1) Carl DeSantis owns a beneficial interest of 100% in CD Financial, LLC and CDS Ventures of South Florida, LLC, the entities that hold record title to such shares.

       

Page 2 of 10 

 

CUSIP No. 155118V207  

 

1 Names of Reporting Persons
William H. Milmoe
2 Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3 Sec Use Only
 
4 Citizenship or Place of Organization
USA

Number of
Shares
Beneficially
Owned by Each
Reporting
Person With:

 

5 Sole Voting Power
275,600
6 Shared Voting Power
22,373,648 (1)
7 Sole Dispositive Power
275,600
8 Shared Dispositive Power
0
9 Aggregate Amount Beneficially Owned by Each Reporting Person
22,649,248
10 Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11 Percent of class represented by amount in row (9)
43%
12 Type of Reporting Person (See Instructions)
IN
       
  (1) William H. Milmoe serves as Manager of CD Financial, LLC and CDS Ventures of South Florida, LLC, the entities that hold record title to such shares.

Page 3 of 10 

 

CUSIP No. 155118V207  

 

1 Names of Reporting Persons
CD Financial, LLC
2 Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3 Sec Use Only
 
4 Citizenship or Place of Organization
Florida

Number of
Shares
Beneficially
Owned by Each
Reporting
Person With:

 

5 Sole Voting Power
8,013,337
6 Shared Voting Power
0
7 Sole Dispositive Power
8,013,337
8 Shared Dispositive Power
0
9 Aggregate Amount Beneficially Owned by Each Reporting Person
8,013,337
10 Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11 Percent of class represented by amount in row (9)
15.2%
12 Type of Reporting Person (See Instructions)
OO
       

Page 4 of 10 

 

CUSIP No. 155118V207  

 

1  Names of Reporting Persons
 CDS Ventures of South Florida, LLC
2  Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3  Sec Use Only
 
4  Citizenship or Place of Organization
 Florida

Number of
Shares
Beneficially
Owned by Each
Reporting
Person With:

 

5 Sole Voting Power
14,360,311
6 Shared Voting Power
0
7 Sole Dispositive Power
14,360,311
8 Shared Dispositive Power
0
9  Aggregate Amount Beneficially Owned by Each Reporting Person
 14,360,311
10  Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
 
11  Percent of class represented by amount in row (9)
28%
12  Type of Reporting Person (See Instructions)
 OO
       

Page 5 of 10 

 

Item 1.  

 

(a) Name of Issuer:

Celsius Holdings, Inc.

 

(b) Address of Issuer’s Principal Executive Offices:

2424 North Federal Highway, Suite 208

Boca Raton, Florida 33431

 

Item 2.  

 

(a) Name of Person Filing:
  (1) Carl DeSantis

 

  (2) William H. Milmoe

 

(3) CD Financial, LLC

 

  (4) CDS Ventures of South Florida, LLC

 

(b) Address of Principal Business Office or, if None, Residence:

The address for Carl DeSantis, William H. Milmoe, CD Financial, LLC and CDS Ventures of South Florida, LLC is as follows:

 

3299 NW Second Avenue

Boca Raton, FL 33431

 

(c) Citizenship or Place of Organization:

Carl DeSantis – USA

 

William H. Milmoe - USA

 

CD Financial, LLC – Florida

 

CDS Ventures of South Florida, LLC - Florida

 

(d) Title and Class of Securities:

Common Stock

 

(e) CUSIP No.:

155118V207

 

Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

 

  (a)         Broker or dealer registered under Section 15 of the Act;

 

  (b)         Bank as defined in Section 3(a)(6) of the Act;

 

  (c)         Insurance company as defined in Section 3(a)(19) of the Act;

 

  (d)         Investment company registered under Section 8 of the Investment Company Act of 1940;

 

  (e)         An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);

 

Page 6 of 10

 

  (f)         An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);

 

  (g)         A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);

 

  (h)         A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

 

  (i)         A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940;

 

  (j)         A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J);

 

  (k)         Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____

 

Item 4. Ownership

 

(1) Carl DeSantis

 

(a) Amount Beneficially Owned: 22,373,648

 

(b) Percent of Class: 42.4%*

 

(c) Number of shares as to which such person has:

 

  (i) Sole power to vote or to direct the vote: 0

 

  (ii) Shared power to vote or to direct the vote: 22,373,648

 

  (iii) Sole power to dispose or to direct the disposition of: 22,373,648

 

  (iv) Shared power to dispose or to direct the disposition of: 0

 

(2) William H. Milmoe

 

(a) Amount Beneficially Owned: 22,649,248

 

(b) Percent of Class: 43%*

 

(c) Number of shares as to which such person has:

 

  (i) Sole power to vote or to direct the vote: 275,600

 

  (ii) Shared power to vote or to direct the vote: 22,373,648

 

  (iii) Sole power to dispose or to direct the disposition of: 275,600

 

  (iv) Shared power to dispose or to direct the disposition of: 0

 

(3) CD Financial, LLC

 

(a) Amount Beneficially Owned: 8,013,337

 

(b) Percent of Class: 15.2%*

 

Page 7 of 10

 

(c) Number of shares as to which such person has:

 

  (i) Sole power to vote or to direct the vote: 8,013,337

 

  (ii) Shared power to vote or to direct the vote: 0

 

  (iii) Sole power to dispose or to direct the disposition of: 8,013,337

 

  (iv) Shared power to dispose or to direct the disposition of: 0

 

(4) CDS Ventures of South Florida, LLC

 

(a) Amount Beneficially Owned: 14,360,311

 

(b) Percent of Class: 28%

 

(c) Number of shares as to which such person has:

 

  (i) Sole power to vote or to direct the vote: 14,360,311

 

  (ii) Shared power to vote or to direct the vote: 0

 

  (iii) Sole power to dispose or to direct the disposition of: 14,360,311

 

  (iv) Shared power to dispose or to direct the disposition of: 0

 

* All calculations of percentage ownership herein are based upon an aggregate of (i) 51,196,486 shares outstanding as of December 19, 2018, as reported by the Issuer in its Registration Statement on Form S-3 filed with the SEC on December 19, 2018 and (ii) 1,470,588 Shares deemed to be outstanding pursuant to Rule 13d-3(d)(1)(i) because such Shares may be obtained and beneficially owned upon conversion of a convertible promissory note held by CD Financial, LLC (calculated as of the loan advance date under such promissory note).

 

Item 5. Ownership of Five Percent or Less of a Class.

 

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following .

 

Item 6. Ownership of more than Five Percent on Behalf of Another Person.

 

N/A

 

Item 7. Identification and classification of the subsidiary which acquired the security being reported on by the parent holding company or control person.

 

The shares of common stock referenced in Item 4, Section 1 above are held of record by CD Financial, LLC (“CD Financial”) and CDS Ventures of South Florida, LLC (“CDS”). Carl De Santis is the owner of a one hundred percent interest in CD Financial and CDS, and William H. Milmoe serves as Manager of CD Financial and CDS.

 

Item 8. Identification and classification of members of the group.

 

N/A

 

Item 9. Notice of Dissolution of Group.

 

N/A

 

Item 10. Certifications.

 

N/A

 

Page 8 of 10

 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Dated: February 14, 2019

 

  /s/ Carl DeSantis
  Carl DeSantis
   
  /s/ William H. Milmoe
  William H. Milmoe
   
  CD Financial, LLC
   
  /s/ William H. Milmoe
  William H. Milmoe, Manager
   
  CDS Ventures of South Florida, LLC
   
  /s/ William H. Milmoe
  William H. Milmoe, Manager

 

The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative (other than an executive officer or general partner of this filing person), evidence of the representative’s authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature.

 

Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001).

 

Page 9 of 10

 

JOINT FILING AGREEMENT

 

Pursuant to Rule 13d-1(k)(1) promulgated under the Securities and Exchange Act of 1934, as amended, the undersigned agree that the Statement on Schedule 13G to which this exhibit is attached is filed on behalf of each of them. Each of them is individually eligible to use Schedule 13G to which this exhibit is attached. Each of them is responsible for the timely filing of such Schedule 13G and any amendments thereto, and for the completeness and accuracy of the information concerning such person contained therein; but none of them is responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate.

 

IN WITNESS WHEREOF, the undersigned hereby execute this Joint Filing Agreement as of February 14, 2019.

 

  /s/ Carl DeSantis
  Carl DeSantis
   
  /s/ William H. Milmoe
  William H. Milmoe
   
  CD Financial, LLC
   
  /s/ William H. Milmoe
  William H. Milmoe, Manager
   
  CDS Ventures of South Florida, LLC
   
  /s/ William H. Milmoe
  William H. Milmoe, Manager

 

Page 10 of 10