Charles & Colvard filed a Chapter 11 monthly operating report for the period ended May 31, 2026 highlighting ongoing DIP financing, an asset auction winner and account balances.
Key Highlights:
- Filed Monthly Operating Report (period ended May 31, 2026) with Bankruptcy Court on July 15, 2026 to comply with Chapter 11 reporting.
- Debtor received DIP loan proceeds from Van Lang Jewelry under an interim DIP financing order entered March 25, 2026.
- Auction held June 22, 2026; AJS Creations was the winning bidder at $2.7M and debtor is formulating a Chapter 11 plan.
- Operating account (last 4 digits 0913) shows total receipts $61,667, disbursements $38,829 and ending reconciled balance $28,573.
- Company cautions trading in its common stock is highly speculative and holders may experience significant or complete loss depending on Chapter 11 outcome.
Original SEC Filing:
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