Charles & Colvard sells assets to AJS Creations for $2.7M in Chapter 11 auction

CHARLES & COLVARD LTD

AJS Creations won auction on June 22, 2026, with $2.7M cash bid for substantially all assets.
Prior stalking horse JDP had $1.5M credit bid; JDP will receive $45K break-up fee.
Bankruptcy Court approved the sale on June 25, 2026; closing expected by July 7, 2026.
Company warns common stock (CTHR) likely to have little or no recovery.

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