Financing ·
Charles & Colvard filed its monthly operating report for June 2026 as part of its Chapter 11 bankruptcy case initiated…
CTHRCharles & Colvard Ltd
Charles & Colvard filed its monthly operating report for June 2026 as part of its Chapter 11 bankruptcy case initiated in March 2026. The company received $2.7 million from AJS Creations, the winning bidder at a court-approved asset auction held on June 22, 2026. During the period, Charles & Colvard operated with a cash loss and secured $85,920 in DIP financing proceeds from Van Lang Jewelry LLC. The company is currently working with counsel to formulate its Chapter 11 plan of reorganization following the asset sale. Charles & Colvard operates in the jewelry industry, specializing in lab-created gemstones.