---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-081852"
form_type: "8-K"
ticker: null
cik: "0001015155"
company_name: "CHARLES & COLVARD LTD"
filed_at: "2026-07-08T21:18:27+00:00"
generated_at: "2026-07-08T21:20:06.162144+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-26-081852
- form_type: 8-K
- cik: 0001015155
- company_name: CHARLES & COLVARD LTD
- filed_at: 2026-07-08T21:18:27+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.02, 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1015155/000110465926081852/0001104659-26-081852-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1015155/000110465926081852/tm2620088d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-081852
- JSON: https://secwatch.observer/filing/0001104659-26-081852.json
- Plain text: https://secwatch.observer/filing/0001104659-26-081852.txt

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