---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-078310"
form_type: "8-K"
ticker: null
cik: "0001015155"
company_name: "CHARLES & COLVARD LTD"
filed_at: "2026-06-26T20:45:30+00:00"
generated_at: "2026-06-26T20:46:09.848652+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-26-078310
- form_type: 8-K
- cik: 0001015155
- company_name: CHARLES & COLVARD LTD
- filed_at: 2026-06-26T20:45:30+00:00
- event_type: other_material
- 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/1015155/000110465926078310/0001104659-26-078310-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1015155/000110465926078310/tm2619093d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-078310
- JSON: https://secwatch.observer/filing/0001104659-26-078310.json
- Plain text: https://secwatch.observer/filing/0001104659-26-078310.txt

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