Key Summary: On August 27, 2024, Riverstyx Capital Management (8.7%) notified the Company of its intention to nominate three Board candidates for the next annual shareholders meetingMarket Cap: $5 million| Charles & Colvard, Ltd. operates as a fine jewelry company in the United States and internationally.
Riverstyx Capital Management
On August 27, 2024, Riverstyx Capital Management (8.7%) submitted notice to the Company that it intends to nominate three candidates for election to the Board of Directors at the next annual meeting of shareholders. Source
On October 1, 2024, Riverstyx Capital Management issued a letter to the shareholders urging them to support for real change at the company.
Carlos Daniel Valadez
On April 11, 2023, Carlos Daniel Valadez (5.16%) stated that he intended to engage in discussions with the management and the board regarding the company's strategic marketing plan, capital allocation strategy, branding strategy and other related topics. Source
On May 15, 2023, Mr. Valdez sent a letter to the Board, requesting certain changes to the company’s strategy.
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