Charles & Colvard Ltd. Announces Conversion of Debt into 1.35 Million Common Shares with Ethara Capital
Charles & Colvard Ltd. has converted $200,000 of debt into approximately 1.35 million common shares as part of a Convertible Secured Note Purchase Agreement with Ethara Capital LLC. The conversion price was set at $0.1478 per share, based on the 30-day volume weighted average price of the stock. This transaction reflects the company's strategy to manage financial obligations and improve its capital structure.
Charles & Colvard Ltd. has announced a significant financial transaction involving the conversion of debt into equity. As part of a previously established Convertible Secured Note Purchase Agreement with Ethara Capital LLC, the company has converted $200,000 of principal and accrued interest into approximately 1.35 million shares of its common stock. This conversion was executed at a price of $0.1478 per share, reflecting the 30-day volume weighted average price of the company’s stock at the time of the agreement’s execution. This move signifies Charles & Colvard’s strategic efforts to manage its financial obligations and enhance its capital structure. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Charles & Colvard Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-087840), on September 05, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here
