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Stock impact report

Charles & Colvard, Ltd. Announces Closing of Public Offering

Charles & Colvard Ltd. (CTHR) 
Last charles & colvard ltd. earnings: 2/6 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: charlesproxy.com
Company Research Source: GlobeNewswire
RESEARCH TRIANGLE PARK, N.C., June 11, 2019 (GLOBE NEWSWIRE) -- Charles & Colvard, Ltd. (Nasdaq: CTHR) today announced the closing of its previously announced underwritten public offering of 6,250,000 newly issued shares of its common stock, at a price to the public of $1.60 per share. Net proceeds disbursed to Charles & Colvard from the offering were approximately $9,175,000, after deducting the underwriting discount and fees and expenses. The Company intends to use the net proceeds from this offering for marketing and for general corporate and working capital purposes. Roth Capital Partners was the sole manager for the offering. The offering was made pursuant to an effective shelf registration statement on Form S-3 (File No. 333-225042) that was previously filed with the Securities and Exchange Commission (SEC) on May 18, 2018. A final prospectus supplement and accompanying base prospectus relating to and describing the terms of the offering were filed with the SEC on June 7, 20 Show less Read more
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