NetworkNewsBreaks – Charles & Colvard Ltd. (NASDAQ: CTHR) Secures $10M in Underwritten Public Offering
Jun 14, 2019
Charles & Colvard Ltd. (NASDAQ: CTHR) has completed an underwritten public offering of 6,250,000 newly issued common stock shares, sold at the public offering price of $1.60 per share. According to the update, the offering resulted in gross proceeds of $10 million to Charles & Colvard, which it intends to use for marketing and general corporate and working capital purposes. In addition, Charles & Colvard has granted the underwriters a 30-day option to purchase up to an additional 937,500 shares of its common stock at the public offering price. ROTH Capital Partners acted as sole manager for the transaction.
To view the full press release, visit http://nnw.fm/u9iHK
About Charles & Colvard
Charles & Colvard believes luxury can be beautiful and conscientious. As an e-commerce-driven business, the company uses innovative technology and sustainable practices to lead a revolution in the jewelry industry. As the original pioneer of lab-created moissanite, a rare gemstone formed from silicon carbide, Charles & Colvard delivers a brilliant product at a revolutionary value that meets the needs of today’s discerning customer. Jewelry consumers seek Charles & Colvard products because of their exceptional quality as well as their environmental and social responsibility. Charles & Colvard was founded in 1995 and is based in the Research Triangle Park, North Carolina. For more information, please visit it www.CharlesandColvard.com
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