CHARLES & COLVARD REGAINS COMPLIANCE WITH NASDAQ MINIMUM BID PRICE LISTING REQUIREMENT

Core Points - Charles & Colvard, Ltd. has regained compliance with Nasdaq's minimum bid price continued listing requirement, with the minimum bid price of its common stock being $1.00 per share or greater for the last 10 consecutive business days as of May 31, 2024 [4] - The company specializes in moissanite and lab-grown diamonds, emphasizing ethical practices in fine jewelry production [5] Company Overview - Charles & Colvard, Ltd. is a globally recognized fine jewelry company founded in 1995, based in Research Triangle Park, North Carolina [5] - The company is the original creator of lab-grown moissanite, a rare gemstone formed from silicon carbide, and focuses on using exclusively Made, not Mined™ above-ground gemstones and 100% recycled precious metals [5] - The company's product lines include Forever One™ moissanite and Caydia® lab-grown diamond brands, which are marketed as providing exceptional quality and value [5]