secwatch.observer — SEC 8-K summary
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Issuer:     CHARLES & COLVARD LTD (—)
CIK:        0001015155
Form:       8-K
Filed at:   2024-05-15T23:59:59+00:00
Accession:  0001104659-24-061659
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.03, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1015155/000110465924061659/0001104659-24-061659-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1015155/000110465924061659/tm2414501d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-061659

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