---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-071201"
form_type: "8-K"
ticker: null
cik: "0001015155"
company_name: "CHARLES & COLVARD LTD"
filed_at: "2023-06-14T23:59:59+00:00"
generated_at: "2026-06-14T00:49:25.093101+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Charles & Colvard receives Nasdaq bid price deficiency notice; 180-day cure period

## Summary
- Nasdaq notified CTHR on June 12, 2023 that bid price closed below $1.00 for 30 consecutive business days.
- Company has until December 11, 2023 to regain compliance: bid price must close at $1.00+ for 10 consecutive days.
- If compliance not met, Nasdaq may grant an additional 180-day period if other listing standards are met.
- Failure to cure could lead to delisting; company may appeal any such determination.
- Management will monitor bid price and consider options to regain compliance.

## SEC filing metadata
- accession: 0001104659-23-071201
- form_type: 8-K
- cik: 0001015155
- company_name: CHARLES & COLVARD LTD
- filed_at: 2023-06-14T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1015155/000110465923071201/0001104659-23-071201-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1015155/000110465923071201/tm2318651d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-071201
- JSON: https://secwatch.observer/filing/0001104659-23-071201.json
- Plain text: https://secwatch.observer/filing/0001104659-23-071201.txt

## Key facts
- Listing & Compliance Notices
  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)
  source text: June 12, 2023, 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 December 11, 2023, to reg
  evidence_url: https://www.sec.gov/Archives/edgar/data/1015155/000110465923071201/0001104659-23-071201-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.