Dear Celsius Account Holder,
You are receiving this message because you are the Holder of a Class 4 Claim (Convenience Claim) as defined in the Joint Chapter 11 Plan of Reorganization of Celsius Network LLC and Its Debtor Affiliates [Docket No. 3319] (as modified, amended, or supplemented from time to time, the “Plan”) in Celsius’s bankruptcy case, captioned In re Celsius Network LLC, et al., No. 22-10964 (MG) (Bankr. S.D.N.Y.).
As you may be aware, on August 14, 2023, the United States Bankruptcy Court for the Southern District of New York (the “Court”) entered an Order (I) Approving the Settlement By and Among the Debtors and the Committee with Respect to the Committee Class Claim and (II) Granting Related Relief [Docket No. 3288] (the “ Class Claim Settlement Order”) approving the settlement reached by and among the above-captioned debtors and debtors in possession (collectively, the “Debtors”) and the Official Committee of Unsecured Creditors, which settlement resolved the Class Claim and Class Certification Motion (such settlement, the “Class Claim Settlement”). Furthermore, on August 17, 2023, the Court also entered an order [Docket No. 3337] (the “ Disclosure Statement Order”) (a) approving the adequacy of the Disclosure Statement for the Joint Chapter 11 Plan of Reorganization of Celsius Network LLC and Its Debtor Affiliates [Docket No. 3332] (as modified, amended, or supplemented from time to time, the “Disclosure Statement”) for the purposes of soliciting votes to accept or reject the Plan, (b) authorizing the Debtors to solicit votes to accept or reject the Plan, (c) approving the solicitation materials and documents to be included in the solicitation packages, and (d) approving procedures for soliciting, receiving, and tabulating votes on the Plan and for filing objections to the Plan. Included within the solicitation materials that were disseminated in connection with the Disclosure Statement Order was the Notice of Class Claim Settlement and Opportunity to Opt Out of Class Claim Settlement, which the Debtors filed on August 17, 2023 (the “ Class Claim Opt-Out Notice”). See Docket No. 3334. During the solicitation process, however, the Debtors became aware that Holders of Class 4 Claims (Convenience Claims) were unable to access the option to opt out of the Class Claim Settlement on the Debtors’ claims, noticing, and solicitation agent’s online portal. Upon learning of this issue, Stretto, Inc., the Debtors’ claims, noticing, and solicitation agent, promptly opened the option to opt out of the Class Claim Settlement for Holders of Class 4 Claims (Convenience Claims).
In light of the fact that Holders of Class 4 Claims (Convenience Claims) did not have the full 28 days to opt out of the Class Claim Settlement, the Debtors hereby extend the deadline for all Holders of Class 4 Claims (Convenience Claims) to opt out of the Class Claim Settlement from September 22, 2023, until October 9, 2023, at 4:00 p.m., prevailing Eastern Time . If you would like to opt out of the Class Claim Settlement, please email celsiussolicitation@stretto.com stating your intent to do so. For the avoidance of doubt, Holders of Class 4 Claims shall not be entitled to change any other election or part of their Ballot other than notifying Stretto of their intent to opt out of the Class Claim Settlement.Please note that copies of the Class Claim Settlement Agreement, the Class Claim Settlement Order, the Class Claim Opt-Out Notice, the Plan, the Disclosure Statement, the Disclosure Statement Order, and other pleadings filed in the above-captioned chapter 11 cases may be obtained free of charge by visiting the website of Stretto at
http://www.cases.stretto.com/celsius. You may also obtain copies of any pleadings by visiting the Court’s website at
http://www.nysb.uscourts.gov in accordance with the procedures and fees set forth therein.
For additional case-related information, please visit
https://cases.stretto.com/Celsius.
:strip_icc():strip_exif()/u/29371/crop6739d1f0e6c70_cropped.jpg?f=community)
:no_upscale():strip_icc():fill(white):strip_exif()/f/image/OroJewRQhLTfYCZud1n8bXF3.jpg?f=user_large)
/u/117865/crop68edc77e02ffb_cropped.png?f=community)
/u/1231/crop67444c3dedc86_cropped.png?f=community)
:strip_icc():strip_exif()/u/45657/crop68b354aed0833_cropped.jpg?f=community)
:strip_icc():strip_exif()/u/500694/crop5a144f5589fd4_cropped.jpeg?f=community)
:strip_icc():strip_exif()/u/358345/crop5a8c80306b0ec_cropped.jpeg?f=community)
:strip_icc():strip_exif()/u/384093/crop60003b4c28be3_cropped.jpeg?f=community)
/u/663910/crop5c408100cdeb6_cropped.png?f=community)
:fill(white):strip_exif()/f/image/bQr1xLsOGF7UNUXzCWbKkszX.png?f=user_large)
:strip_icc():strip_exif()/u/2365/moonflag.jpg?f=community)
:no_upscale():strip_icc():strip_exif()/f/image/ZiYjhLihJByJ1ph14MxUeEV5.jpg?f=user_large)