Charles & Colvard Faces Nasdaq Delisting Due to Filing Delays (CTHR) | CTHR Stock News

1 day ago

Charles & Colvard (CTHR, Financial) has been notified by Nasdaq that it plans to suspend trading and delist the company's common stock due to non-compliance with Listing Rule 5250. This action arises from the company's failure to submit its Forms 10-Q for the quarters ending September 30 and December 31, 2024, in a timely manner.

The company has decided not to request a hearing to contest this determination. This decision was influenced by an analysis of several factors, including the financial burden of maintaining a Nasdaq listing and adhering to its regulatory standards.

This delisting could impact Charles & Colvard's visibility to investors, potentially affecting its stock liquidity and marketability. As the company navigates this transition, it is likely to focus on reassessing its financial and strategic priorities in light of this development.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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