Every 8-K that Charles & Colvard Ltd (CTHR) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow CTHR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CTHR filings page.
CHARLES & COLVARD LTD (CTHR) reports that it remains in Chapter 11 proceedings and has filed a Monthly Operating Report for the period ended July 31, 2026. The company states that it sold its assets on July 1, 2026 for $2,700,000 and ceased operations during the reporting period.
The report shows a cash loss for the month, with multiple operating accounts experiencing net cash outflows and one account in a negative balance position. Accounts receivable were $191,239 while post-petition accounts payable totaled $594,993. A secured creditor, Vang Lang Jewelry, received $683,693 in the month. The company cautions that trading in its common stock is highly speculative and that equity holders may experience a significant or complete loss depending on the outcome of the Chapter 11 case.
Charles & Colvard, Ltd. furnished a Monthly Operating Report for the period ended June 30, 2026 in its ongoing Chapter 11 case. The business continued to operate during the month but incurred a cash loss, with significant cash movements across multiple operating accounts.
One operating account recorded $476,328.00 in June receipts and $480,469.00 in disbursements, ending at $3,648.00. Accounts receivable totaled $204,539.00, while post‑petition accounts payable were $409,301.00. The report notes debtor‑in‑possession financing activity with Van Lang Jewelry, an asset auction where AJS Creations was the winning bidder at $2, officer compensation, and $109,984.21 of professional fees.
The company emphasizes that the report is unaudited, not prepared under U.S. GAAP and limited to bankruptcy reporting, and cautions that trading in its common stock is highly speculative, as common shareholders may face a significant or complete loss depending on the outcome of Chapter 11.
Charles & Colvard, Ltd. is in voluntary Chapter 11 in the Eastern District of North Carolina and has furnished its Bankruptcy Court Monthly Operating Report for the period ended May 31, 2026. Management states the business continued to operate but incurred a cash loss for the month.
The report shows complex cash movements across several operating accounts, including one account receiving $326,104 of May receipts, of which $205,843 came from Debtor-In-Possession financing with Van Lang Jewelry, and ending with $178,922 cash. Another account recorded $579,691 in receipts and $578,982 in disbursements, ending with $7,788. An auction of the debtor’s assets on June 22, 2026 resulted in AJS Creations as winning bidder with a price of $2, and the debtor is working with counsel to formulate a Chapter 11 plan.
Accounts receivable ended at $284,895, while post-petition accounts payable totaled $349,417, including significant payables over 60 days, mainly related to the corporate office lease, on which $0 was paid and the lease is not current. No payments were made this month to secured creditors Wolfspeed, Essential Lab Grown Diamonds, or Van Lang Jewelry. Officer compensation for the month included $16,540.33 to CFO Clint J. Pete, and $109,984.21 was paid in professional fees to Hendren, Redwine & Malone. The company cautions that trading in its common stock is highly speculative and that equity holders may experience a significant or complete loss.
Charles & Colvard, Ltd. reports that AJS Creations, Inc. has been approved by the U.S. Bankruptcy Court to acquire specified business assets and assume certain liabilities for cash consideration of $2,700,000 under an Overbid Purchase Agreement. This followed a court-supervised auction where AJS submitted the highest or otherwise best bid.
The earlier Asset Purchase Agreement with Jewelry Design Partners LLC, which contemplated $1,500,000 of consideration via a credit bid under the DIP Facility, was terminated and JDP received a $45,000 break-up fee. The company cautions that, given its ongoing Chapter 11 Case, holders of its common stock may experience a significant or complete loss on their investment and urges extreme caution regarding existing and future investments.
Charles & Colvard, Ltd. has entered into an Overbid Purchase Agreement with AJS Creations, Inc. to sell specified business assets and transfer certain liabilities for $2,700,000 in cash, as part of its ongoing Chapter 11 bankruptcy process.
The auction, held on June 22, 2026, selected AJS as the successful bidder and Light & Star USA Inc. as back-up bidder, replacing a prior $1,500,000 stalking-horse bid from Van Lang Jewelry LLC/Jewelry Design Partners LLC. Upon closing, the earlier JDP agreement will terminate and Van Lang Jewelry LLC will receive a $45,000 break-up fee.
The Bankruptcy Court approved the AJS Purchase Agreement and related transactions on June 25, 2026, with closing required by July 7, 2026, subject to specified extensions and customary conditions. The company warns that trading in its common stock is highly speculative and that shareholders may suffer a significant or complete loss depending on the Chapter 11 outcome.
Charles & Colvard, Ltd. updates its Chapter 11 process and governance arrangements. The company highlights an asset purchase agreement under which a buyer agreed to acquire substantially all assets, excluding specified items, for $1,500,000, subject to Bankruptcy Court approval and potential credit bidding of debtor-in-possession loan obligations.
The Bankruptcy Court approved the buyer as “stalking horse,” related credit bid provisions, break-up fee, expense reimbursement, and bidding procedures, and set a final sale hearing for June 22, 2026. Separately, Executive Chair Michael Levin’s role was shifted to a month-to-month term at $7,500 per month in lieu of other board compensation.
The company warns that trading in its common stock during the Chapter 11 case is highly speculative and states that common shareholders may face a significant or complete loss of their investment, depending on the ultimate outcome of the restructuring.
Charles & Colvard, Ltd. entered into an Asset Purchase Agreement to sell its assets (other than specified excluded assets) to Van Lang Jewelry LLC or its affiliate for $1,500,000, subject to conditions including approval by the U.S. Bankruptcy Court.
The buyer is expected to serve as the Chapter 11 “stalking horse” bidder under section 363 sale procedures, with a $45,000 break-up fee and up to $45,000 of expense reimbursement in certain termination scenarios. The company, which filed for Chapter 11 on March 2, 2026, warns that common stockholders may face a significant or complete loss on their investment.
Charles & Colvard, Ltd. obtained interim court approval for a senior secured superpriority debtor-in-possession credit facility as part of its ongoing Chapter 11 case. The multiple-draw term loan allows borrowing of up to $1 million under a Section 364 Financing Loan Agreement with Van Lang Jewelry LLC.
The funds may be used to pay operating expenses, bankruptcy administration costs, required debt service in the Chapter 11 proceeding, and fees, interest and other amounts owed under the DIP agreement. Borrowings generally bear interest at 9% per annum and are subject to customary covenants and events of default.
The company warns that trading in its common stock during the Chapter 11 process is highly speculative and that shareholders may face a significant or complete loss of their investment, depending on how the restructuring is resolved.
Charles & Colvard, Ltd. reported several governance changes. Director Duc Pham resigned from the board effective March 25, 2026, with the company stating his departure did not involve any disagreement over operations, policies, or practices. He previously served on the Audit Committee and chaired the Compensation Committee, and the board size was reduced from four to three members.
Michael Levin’s role as Executive Chair, originally a three‑month appointment beginning January 5, 2026, was extended by one additional month. During this extended term, he will be paid $7,500 per month in place of standard board compensation. The board also amended the bylaws on March 27, 2026 to change the permitted board size range from between four and nine directors to between three and nine directors, aligning the bylaws with the new board structure.
Charles & Colvard, Ltd. filed an amended current report to correct its share count and clarify the treatment of a prior note conversion. The company had issued a $2.0 million convertible secured note dated July 3, 2025, due October 3, 2025, to Ethara Capital LLC.
Under an August 29, 2025 Note Conversion Agreement, $200,000 of principal and accrued interest was intended to convert into 1,353,180 common shares at a $0.1478 conversion price. After reviewing this transaction and a related default notice, the Board determined on February 26, 2026 that the attempted conversion was invalid because it lacked required shareholder approval.
As a result, the company states that the correct number of authorized and outstanding shares is 3,118,273, and no other aspects of the earlier disclosure are being changed in this amendment.
Charles & Colvard, Ltd. reported that disinterested members of its Board of Directors approved reimbursing $406,188.72 of reasonable and necessary expenses incurred by Riverstyx Fund, LP and director Duc Pham in a proxy solicitation for the Company’s 2025 Annual Meeting of Shareholders.
The Board noted that shareholders holding a majority of voting power had supported the Riverstyx Fund, LP and Duc Pham nominees and that such reimbursements are a common practice in resolving proxy contests. Payment of this reimbursement was approved contingent on, and deferred until, the Company is in a stronger financial position.
Charles & Colvard, Ltd. has filed a voluntary petition for relief under Chapter 11 in the U.S. Bankruptcy Court for the Eastern District of North Carolina. The company plans to operate as a debtor in possession while pursuing a court-supervised restructuring of its financial and operational obligations.
The company is seeking typical first-day court approvals to keep paying employee wages and benefits, certain vendors for post-petition goods and services, and ongoing insurance and tax obligations. It warns that the bankruptcy filing may trigger defaults and potential acceleration under contracts and debt agreements, including a convertible secured note and its main lease, although these effects may be stayed under the Bankruptcy Code.
Management states that business operations, including online sales, are expected to continue in the ordinary course during the process. The company cautions that trading in its common stock during the Chapter 11 case is highly speculative and that shareholders may face a significant or complete loss of their investment, depending on the outcome of the restructuring.
Charles & Colvard, Ltd. reported a leadership change following the Board’s decision on January 5, 2026 to terminate Don O’Connell as President and Chief Executive Officer, without “Cause” as defined in his employment agreement. This means he is leaving the company, but not for reasons classified as cause under his contract.
The Board appointed current Board Chair Michael Levin, age 63, to serve as Executive Chair for an initial three-month term to oversee the company’s affairs, lead the executive team, and conduct a search for a new Chief Executive Officer. For this period, Mr. Levin will receive $18,000 per month for his Executive Chair role instead of his usual Board compensation. The company states that he has extensive financial, accounting, investment, audit and marketing experience, no family relationships with other executives or directors, and no material related-party transactions that require disclosure.
Charles & Colvard, Ltd. reports a dispute over a $2.0 million convertible secured note and recent board and governance developments. The company received a notice from Ethara Capital LLC claiming an event of default after the company did not pay the accreted principal and accrued interest at the note’s October 3, 2025 maturity. The holder asserts that, following this event, the note’s interest rate rose from 5% to 9% annually and that it may accelerate all obligations and pursue remedies against collateral.
The company is contesting the validity of the alleged default, which is part of ongoing litigation in the North Carolina Business Court, and is in discussions with the holder. Separately, director Neal Goldman resigned from the board, with the company stating his resignation was not due to disagreements on operations or financial matters. A court-ordered certification of the October 13, 2025 annual meeting results, excluding certain converted shares, led to the election of four directors and a tie between two candidates, leaving one board seat vacant to be filled later.
Charles & Colvard (CTHR) reported a delay in reporting shareholder vote results. The company held its 2025 Annual Meeting on October 13, 2025, where shareholders considered one proposal to elect five nominees to the Board of Directors. Due to pending legal challenges related to the meeting, results cannot be presented at this time. The company plans to file an amended report once the outcome is known and votes can be tabulated.
Charles & Colvard, Ltd. reported that it has given notice of its 2025 Annual Meeting of Shareholders to shareholders of record as of August 29, 2025. The notice was sent on September 12, 2025, and explains how shareholders can participate in the upcoming annual meeting and exercise their voting rights.
The company has attached the full Notice of Annual Meeting of Shareholders as an exhibit so investors can review the meeting details, proposed matters for shareholder action, and related procedural information.
Charles & Colvard (NASDAQ: CTHR) filed an 8-K announcing a $2.0 million convertible secured note with Ethara Capital. The financing comes in two closings—$0.5 M by July 8 and $1.5 M by July 23 2025—accrues 5% annual interest payable in cash or PIK, and initially matures three months after issuance, extendable up to 39 months at the lender’s option.
Subject to shareholder approval, Ethara may convert any or all principal and interest into common stock and will receive two board seats (plus two observers after the second closing). The note is secured by substantially all company assets but is subordinated to existing Wolfspeed debt. Within 30 days of the second closing, the company must file a resale registration statement for the conversion shares.
As a condition of the deal, CEO Don O’Connell and CFO Clint Pete waived all severance benefits. No other material changes were disclosed.