Charles & Colvard completes asset sale to AJS Creations for $2.7M in Chapter 11

CHARLES & COLVARD LTD

Bankruptcy court approved sale of substantially all assets to AJS Creations, Inc. for $2.7M cash on July 1, 2026.
Prior stalking horse bidder JDP terminated; break-up fee of $45,000 paid.
Company cautions common stock may be worthless; trading highly speculative.
AJS was the winning bidder after auction; Light & Star designated as back-up.
Sale includes specified assets and assumption of certain liabilities; JDP Purchase Agreement terminated.

Featured in Daily 8-K Digest

Selected #6 for 2026-07-08. Read digest

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.