With the insolvency application, Celsius declares that it intends to present a plan that will restore the activities on the entire platform, provide added value to customers and create choices. Whether this will succeed in this way is probably more than questionable.
The company is expected to have a total of $ 167 million in cash, which it claims should be sufficient to finance certain operations in the future during the upcoming restructuring.
The first goal of the company is to obtain court approval in order to be able to continue to pay its own employees and to provide their services without any interruptions.
