---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-039968"
form_type: "8-K"
ticker: null
cik: "0001015155"
company_name: "CHARLES & COLVARD LTD"
filed_at: "2026-04-06T23:59:59+00:00"
generated_at: "2026-05-15T07:12:52.805132+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Charles & Colvard obtains $1M DIP financing; asset sale targeted by July 7, 2026

## Summary
- DIP facility from Van Lang Jewelry LLC up to $1M at 9% interest, secured by first-priority liens on precious metals and unencumbered assets.
- Interim order entered March 24, 2026; final order hearing set for April 14, 2026.
- Milestones: file asset-sale motion by April 15, obtain sale order by July 2, close by July 7.
- Company warns common stockholders may suffer significant or complete loss depending on Chapter 11 outcome.
- Proceeds to fund operating expenses, bankruptcy costs, and working capital under approved budget.

## SEC filing metadata
- accession: 0001104659-26-039968
- form_type: 8-K
- cik: 0001015155
- company_name: CHARLES & COLVARD LTD
- filed_at: 2026-04-06T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1015155/000110465926039968/0001104659-26-039968-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1015155/000110465926039968/tm2611173d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-039968
- JSON: https://secwatch.observer/filing/0001104659-26-039968.json
- Plain text: https://secwatch.observer/filing/0001104659-26-039968.txt

## Source-grounded claims
- claim_id: bbb283c3da2963679751c7c457e9fbea35c5cd4a
  claim: CHARLES & COLVARD LTD incurred credit facility of $1 million with Van Lang Jewelry LLC at 9% per annum.
  evidence_excerpt: On March 24, 2026, the Company obtained an interim order of the Bankruptcy Court authorizing the Company to obtain post-petition financing in the form of a senior secured superpriority debtor-in-possession credit facility (the “DIP Facility”) consisting of a multiple-draw term loan facility in the aggregate maximum principal amount of up to $1 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1015155/000110465926039968/0001104659-26-039968-index.htm

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