Charles & Colvard Delisted by Nasdaq

By Rob Bates | April 23, 2025

Moissanite company Charles & Colvard is being delisted from Nasdaq, after more than 27 years on the stock exchange.

A Charles & Colvard statement issued April 22 said that Nasdaq had determined the company was out of compliance with the exchange’s rules because it had not filed its most recent financial report.

Charles & Colvard, which has weathered many delisting threats, said it didn’t intend to appeal Nasdaq’s ruling.

“This decision was based on a careful review of numerous factors, including the potential for limiting the significant costs associated with remaining listed on Nasdaq and complying with Nasdaq listing standards,” the statement said.

“Suspension of trading of the common stock will occur at the opening of business on April 25, 2025. Following the delisting, the company expects that the common stock will be quoted on the OTC Experts Market.”

The company, based in Research Triangle Park, N.C., first went public in November 1997, under the name C3. It changed its name to Charles & Colvard in 1999.

In related news, Adamas One, the lab-grown diamond company that grew from the remains of Scio, was delisted from Nasdaq in February.

(Photo: Getty Images)