Charles & Colvard, Ltd. (NASDAQ:CTHR) Files An 8-K Regulation FD Disclosure
Item 7.01
On June 6, 2019, Charles & Colvard, Ltd. (the “Company,” “we,” “us,” or “our”) issued a press release regarding the launch of its proposed underwritten public offering (the “Offering”). A copy of this press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
On June 6, 2019, the Company also issued a press release regarding the Company’s financial guidance for its fourth fiscal quarter and fiscal year ended June 30, 2019. A copy of this press release is attached hereto as Exhibit 99.2 and is incorporated herein by reference.
to General Instruction B.2 of Current Report on Form 8-K, the information in Item 7.01 of this report, including the press releases attached as Exhibits 99.1 and 99.2, are furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section.
The Company disclosed certain operating metrics and supplemental risk factors regarding the Company in the preliminary prospectus supplement relating to the Offering filed with the Securities and Exchange Commission (the “SEC”) on June 6, 2019. Accordingly, the Company is filing the following information in this Current Report for the purpose of supplementing and updating certain business and risk factor disclosures contained in the Company’s prior public filings.
Certain Operating Metrics
The following operating metrics are based on unaudited financial results and customer-related data for charlesandcolvard.com, LLC, a wholly-owned subsidiary of the Company, for the nine-month period ended March 31, 2019:
| 99.1 | Press Release dated June 6, 2019 |
| 99.2 | Press Release dated June 6, 2019 |
CHARLES & COLVARD LTD Exhibit
EX-99.1 2 tv523215_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 CHARLES & COLVARD ANNOUNCES PROPOSED OFFERING OF COMMON STOCK RESEARCH TRIANGLE PARK,…
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About Charles & Colvard, Ltd. (NASDAQ:CTHR)
Charles & Colvard, Ltd. manufactures and distributes Charles & Colvard Created Moissanite jewels (moissanite) and finished jewelry featuring moissanite. The Company’s segments are Wholesale, Moissanite.com and Charles & Colvard Direct. The Company sells loose moissanite jewels and finished jewelry at wholesale to distributors, manufacturers and retailers, and at retail to end consumers through its operating subsidiaries. The Company manages its business primarily through its three distribution channels that it uses to sell its product lines, loose jewels and finished jewelry, which included Charles and Colvard Direct, LLC. The Company sells loose moissanite jewels and finished jewelry featuring moissanite at wholesale to retailers, television (TV) shopping networks, and designers to be sold to end consumers and directly to consumers through its e-commerce sales channel Moissanite.com. The Company primarily sells moissanite jewels, including Forever Classic and Forever Brilliant.