Core Points - Charles & Colvard, Ltd. has received a determination letter from Nasdaq indicating that the company will be suspended from trading and delisted due to non-compliance with Listing Rule 5250(c)(1) for failing to file Forms 10-Q for the quarters ended September 30 and December 31, 2024 [1] - The company does not plan to appeal this determination, citing a review of factors including the costs associated with remaining listed on Nasdaq [1] - Nasdaq will file a Form 25-NSE with the SEC regarding the delisting, with trading suspension set to begin on April 25, 2025 [2] - Post-delisting, the company anticipates that its common stock will be quoted on the OTC Experts Market, although there are no guarantees for maintaining a trading market [2] Company Overview - Charles & Colvard, Ltd. is known for creating lab-grown moissanite and emphasizes ethical practices in fine jewelry, using exclusively Made, not Mined™ gemstones and 100% recycled precious metals [3] - The company offers products under the Forever One™ moissanite and Caydia® lab-grown diamond brands, focusing on quality and value in bridal and fashion jewelry [3] - Founded in 1995, Charles & Colvard is based in Research Triangle Park, North Carolina [3]

Core Points - Charles & Colvard, Ltd. received a notice from Nasdaq regarding non-compliance with Listing Rule 5250(c)(1) due to the late filing of its Quarterly Report for the fiscal quarter ended December 31, 2024 [1] - The company has until April 14, 2025, to file its Annual Report for the fiscal year ended June 30, 2024, and the Quarterly Report for the fiscal quarter ended September 30, 2024 [1] - Nasdaq requires the company to submit an update to its compliance plan by March 12, 2025, with limited exceptions for regaining compliance [1][2] Company Overview - Charles & Colvard is known for creating lab-grown moissanite and emphasizes ethical practices in fine jewelry production [3] - The company utilizes exclusively Made, not Mined™ gemstones and 100% recycled precious metals [3] - Founded in 1995, Charles & Colvard is based in Research Triangle Park, North Carolina [3]