CHARLES & COLVARD REGAINS COMPLIANCE WITH NASDAQ MINIMUM BID PRICE LISTING REQUIREMENT
Charles & Colvard (Nasdaq: CTHR), a notable fine jewelry company specializing in moissanite and lab-grown diamonds, announced on June 6, 2024, that it has regained compliance with Nasdaq's minimum bid price listing requirement. As of May 31, 2024, the company's common stock maintained a minimum bid price of $1.00 per share or greater for 10 consecutive business days. Consequently, the company has met the requirements of Listing Rule 5550(a)(2), officially closing the matter.
- Charles & Colvard has regained compliance with Nasdaq's minimum bid price listing requirement as of May 31, 2024.
- The company's stock price met the $1.00 per share minimum threshold for 10 consecutive business days.
- The compliance issue concerning Listing Rule 5550(a)(2) has been resolved.
- The company had previously fallen below Nasdaq's minimum bid price listing requirement, indicating a period of non-compliance.
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
Forward-Looking Statements
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SOURCE Charles & Colvard, Ltd.
FAQ
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