CHARLES & COLVARD REGAINS COMPLIANCE WITH NASDAQ MINIMUM BID PRICE LISTING REQUIREMENT
Charles & Colvard, Ltd. (Nasdaq: CTHR) announced on April 25, 2023, that it has regained compliance with Nasdaq's minimum bid price listing requirement.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Charles & Colvard, Ltd. (Nasdaq: CTHR) announced on April 25, 2023, that it has regained compliance with Nasdaq's minimum bid price listing requirement. The company confirmed that as of April 20, 2023, the minimum bid price of its common stock was at least $1.00 per share for the last 10 consecutive trading days. This achievement fulfills the Listing Rule 5550(a)(2) requirement, effectively closing the compliance issue. Charles & Colvard specializes in fine jewelry, particularly lab-grown diamonds and moissanite, and operates under the motto of ethical sourcing and sustainability.
Positive
- Regained compliance with Nasdaq's minimum bid price requirement.
- Common stock price maintained above $1.00 for 10 consecutive trading days.
Negative
- None.
Details
News Market Reaction – CTHR
The recorded move for CTHR in the trading session of this news was -1.90%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
RESEARCH TRIANGLE PARK, N.C., April 25, 2023 /PRNewswire/ -- Charles & Colvard, Ltd. (Nasdaq: CTHR) (the "Company"), a globally recognized fine jewelry company that specializes in moissanite and lab grown diamonds, announced today that it has regained compliance with Nasdaq's minimum bid price continued listing requirement. A letter from Nasdaq Listing Qualifications Department noted that as of April 20, 2023, the minimum bid price of the Company's common stock was
Charles & Colvard, Ltd. (Nasdaq: CTHR) believes that fine jewelry should be as ethical as it is exquisite. Charles & Colvard is the original creator of lab grown moissanite (a rare gemstone formed from silicon carbide). The Company brings revolutionary gems and fine jewelry to market by using exclusively Made, Not Mined™ above ground gemstones and a dedication to
CONTACTS
Company Contact
Clint J. Pete, Chief Financial Officer
(919) 468-0399
ir@charlesandcolvard.com
Investor Contact
Lytham Partners
Robert Blum, Managing Partner
Adam Lowensteiner, Vice President
(646) 829-9702
cthr@lythampartners.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/charles--colvard-regains-compliance-with-nasdaq-minimum-bid-price-listing-requirement-301806177.html
SOURCE Charles & Colvard, Ltd.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.