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The post Celsius to Sell Assets to Fahrenheit! appeared first on Coinpedia Fintech News
Celsius Holdings Inc. will vote on the proposed asset sale to the Fahrenheit consortium after a judge approved disclosures. If approved, creditors may recover 67%-85% of their holdings. Celsius filed for bankruptcy in July and proposed selling its rights to its products and flavors to the consortium for $46 million. The company has stated that they need to focus on expanding and rebranding to ensure long-term success. The vote is scheduled for September 29th.
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