RESEARCH
TRIANGLE PARK, N.C., June 6, 2024
/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 May 31, 2024, 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. The Company's 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.
Forward-Looking Statements
This press release may contain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Statements expressing expectations regarding our future
and projections relating to our products, sales, revenues, and
earnings are typical of such statements and are made under the
Private Securities Litigation Reform Act of 1995. These
forward-looking statements include, but are not limited to,
statements about our plans, objectives, representations, and
contentions and are not historical facts and typically are
identified by use of terms such as "may," "will," "should,"
"could," "expect," "intend," "plan," "anticipate," "believe,"
"estimate," "predict," "continue," and similar words, although some
forward-looking statements are expressed differently. All
forward-looking statements are subject to the risks and
uncertainties inherent in predicting the future. You should be
aware that although the forward-looking statements included herein
represent management's current judgment and expectations, our
actual results may differ materially from those projected, stated,
or implied in these forward-looking statements as a result of many
factors. Forward-looking statements speak only as of the date they
are made. We undertake no obligation to update or revise such
statements to reflect new circumstances or unanticipated events as
they occur except as required by the federal securities laws, and
you are urged to review and consider disclosures that we make in
the reports that we file with the Securities and Exchange
Commission, or SEC, that discuss risk and other factors relevant to
our business.
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SOURCE Charles & Colvard, Ltd.