---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-061659"
form_type: "8-K"
ticker: null
cik: "0001015155"
company_name: "CHARLES & COLVARD LTD"
filed_at: "2024-05-15T23:59:59+00:00"
generated_at: "2026-06-01T22:28:12.169484+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Charles & Colvard announces 1:10 reverse stock split to comply with Nasdaq $1.00 minimum bid price

## Summary
- Reverse stock split at 1:10 ratio effective 12:01 a.m. ET on May 17, 2024.
- Issued shares reduce from ~30.3M to ~3.0M; authorized shares unchanged.
- Intended to regain compliance with Nasdaq's $1.00 minimum bid price for continued listing.
- Ticker remains CTHR; new CUSIP 159765205; trading begins split-adjusted on May 17.
- Proportionate adjustments made to equity awards under stock incentive plans.

## SEC filing metadata
- accession: 0001104659-24-061659
- form_type: 8-K
- cik: 0001015155
- company_name: CHARLES & COLVARD LTD
- filed_at: 2024-05-15T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.03, 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1015155/000110465924061659/0001104659-24-061659-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1015155/000110465924061659/tm2414501d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-061659
- JSON: https://secwatch.observer/filing/0001104659-24-061659.json
- Plain text: https://secwatch.observer/filing/0001104659-24-061659.txt

## Key facts
- Governance Changes
  CHARLES & COLVARD LTD: Amendment to Articles of Incorporation to effect a 1-for-10 reverse stock split (effective 2024-05-17).
  - Change: charter amendment
  - Effective: 2024-05-17
  source text: On May 14, 2024, the Company filed the Articles of Amendment to the Articles of Incorporation (the “Amendment”) with the North Carolina Secretary of State, with an effective time of 12:01 a.m., Eastern Time on May 17, 2024 (the “Effective Date”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1015155/000110465924061659/0001104659-24-061659-index.htm

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