---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-045530"
form_type: "8-K"
ticker: null
cik: "0001015155"
company_name: "CHARLES & COLVARD LTD"
filed_at: "2026-04-20T23:59:59+00:00"
generated_at: "2026-05-15T05:15:55.523274+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Charles & Colvard enters stalking horse asset sale agreement for $1.5M in Chapter 11

## Summary
- Asset purchase price of $1.5M, subject to credit bid against $364 financing from buyer.
- Buyer: Van Lang Jewelry LLC / Jewelry Design Partners LLC; former director Duc Pham is manager of affiliate.
- Break-up fee of $45,000 and expense reimbursement up to $45,000 if terminated for higher bid.
- Sale subject to higher bids, Bankruptcy Court approval; closing by July 7, 2026.
- Company warns common stock holders may experience significant or complete loss.

## SEC filing metadata
- accession: 0001104659-26-045530
- form_type: 8-K
- cik: 0001015155
- company_name: CHARLES & COLVARD LTD
- filed_at: 2026-04-20T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1015155/000110465926045530/0001104659-26-045530-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1015155/000110465926045530/tm2612261d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-045530
- JSON: https://secwatch.observer/filing/0001104659-26-045530.json
- Plain text: https://secwatch.observer/filing/0001104659-26-045530.txt

## Source-grounded claims
- claim_id: ce715d0689fbc920b9dae48307fc42c458be57d3
  claim: CHARLES & COLVARD LTD entered into the "Purchase Agreement" with Van Lang Jewelry LLC or its affiliate Jewelry Design Partners LLC (the "Buyer") valued at $1,500,000 (effective 2025-04-15).
  evidence_excerpt: On April 15, 2025, the Company finalized negotiations of an Asset Purchase Agreement (the "Purchase Agreement") with Van Lang Jewelry LLC or its affiliate Jewelry Design Partners LLC (the "Buyer"), pursuant to which, subject to the terms and conditions set forth therein, including approval of the Bankruptcy Court, the Buyer agreed to acquire the assets of the Company (except for the Excluded Assets, as listed on Schedule 1 thereto) and assume certain liabilities (the "Transaction"), for consideration of $1,500,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/1015155/000110465926045530/0001104659-26-045530-index.htm

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