RESEARCH
TRIANGLE PARK, N.C., April 25,
2023 /PRNewswire/ -- Charles & Colvard,
Ltd. (Nasdaq: CTHR) (the "Company"), a globally recognized
fine jewelry company that specializes in moissanite and lab grown
diamonds, announced today that it has regained compliance with
Nasdaq's minimum bid price continued listing requirement. A letter
from Nasdaq Listing Qualifications Department noted that as of
April 20, 2023, the minimum bid price
of the Company's common stock was $1.00 per share or greater for the last 10
consecutive business/trading days. As a result, the Company has now
regained compliance with Listing Rule 5550(a)(2) and the matter is
now closed.
About Charles & Colvard,
Ltd.
Charles & Colvard, Ltd. (Nasdaq: CTHR) believes that
fine jewelry should be as ethical as it is exquisite. Charles &
Colvard is the original creator of lab grown moissanite (a rare
gemstone formed from silicon carbide). The Company brings
revolutionary gems and fine jewelry to market by using exclusively
Made, Not Mined™ above ground gemstones and a
dedication to 100% recycled precious metals. Their Forever
One™ moissanite and Caydia® lab grown diamond
brands provide exceptional quality, incredible value and a
conscious approach to bridal, high fashion, and everyday jewelry.
Charles & Colvard was founded in 1995 and is based
in North Carolina's Research Triangle Park region.
For more information, please
visit www.charlesandcolvard.com.
CONTACTS
Company
Contact
Clint J.
Pete, Chief Financial Officer
(919)
468-0399
ir@charlesandcolvard.com
Investor Contact
Lytham
Partners
Robert
Blum, Managing Partner
Adam Lowensteiner, Vice
President
(646)
829-9702
cthr@lythampartners.com
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SOURCE Charles & Colvard, Ltd.