NetworkNewsBreaks – Charles & Colvard Ltd. (NASDAQ: CTHR) Secures $10M in Underwritten Public Offering
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…







