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Charles & Colvard Ltd (CTHR) has provided an announcement.
Charles & Colvard, Ltd. shareholders approved a reverse stock split at a special meeting, which the Board of Directors set at a ratio of one-for-ten. This decision, effective May 17, 2024, will uniformly reduce the number of shares each shareholder owns but will not alter their percentage of ownership, except for slight changes due to fractional shares. The stock will trade under a new CUSIP number on a split-adjusted basis. Additionally, equity awards under the company’s incentive plans will be adjusted accordingly. A press release on May 15, 2024, announced these changes.
For detailed information about CTHR stock, go to TipRanks’ Stock Analysis page.