CHARLES & COLVARD LTD: Nasdaq/NYSE listing notice — Charles & Colvard receives Nasdaq deficiency notice for bid price below $1.00

CHARLES & COLVARD LTD

Nasdaq notified on Dec 19, 2022 that CTHR common stock closed below $1.00 for 30 consecutive business days.
Company has 180 days, until June 19, 2023, to regain compliance by closing at $1.00+ for 10 consecutive days.
If not compliant by June 19, may qualify for additional 180 days if it meets other listing standards and notifies intent to cure.
Failure to regain compliance could result in delisting; company will monitor and consider available options.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

CHARLES & COLVARD LTD received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

December 19, 2022, Charles & Colvard, Ltd. (the “Company”) received a notification letter from Nasdaq’s Listing Qualifications Department indicating that the Company is not in compliance with Nasdaq Listing Rule 5550(a)(2) because the minimum bid price of its common stock on the Nasdaq Capital Market has closed below $1.00 per share for 30 consecutive business days. The notification letter has no immediate effect on the Nasdaq listing or trading in the Company’s common stock. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has 180 calendar days, or until June 19, 2023, to reg

View on SEC.gov

Browse all listing & compliance notices →

Source: SEC EDGAR

accession 0001104659-22-129902

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.