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Celsius Proposes Restructuring to Offer One-Time ‘Meaningful Recovery’ Payout for Most Creditors

The bankrupt firm is thinking of forming a new “recovery corporation” after getting a slew of acquisition bids that were not compelling.

Celsius is planning to re-form as a publicly traded “recovery corporation.” (Getty Images)
Celsius is planning to re-form as a publicly traded “recovery corporation.” (Getty Images)