Charles & Colvard, Ltd. completed the sale of its assets to AJS Creations, Inc. for $2,700,000 in cash following a Bankruptcy Court approval on July 1, 2026. This transaction superseded a previous agreement with JDP, resulting in a $45,000 break-up fee paid to JDP. The company is currently undergoing a Chapter 11 bankruptcy process. Charles & Colvard, Ltd. operates in the gemstone and jewelry industry.
