Charles & Colvard files for equity offering; shares -16%

|About: Charles & Colvard, Ltd. (CTHR)|By:, SA News Editor

Charles & Colvard (NASDAQ:CTHR) has filed a prospectus to offer shares through Roth Capital Partners.

The size of the offering is yet undetermined.

Proceeds will go to marketing and for general purposes.

Earlier, the company offered Q4 and fiscal 2019 net sales guidance and said it would report results in early September.

Shares are now down 15.8% after hours.

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