Charles & Colvard: Slides on stock offering plan, sales forecast

Charles & Colvard

07/06/2019 13:03

** Jewelry maker's  CHTR.O  shares fall 15% to $1.72
premarket on plans to offer newly issued shares of its common
stock
    ** Size and pricing of offering not disclosed; All shares in
the offering will be sold by Charles & Colvard  urn:newsml:reuters.com:*:nGNX2TqBmv
    ** As of May 3, co had about 21.7 mln shares of its common
stock outstanding
    ** Co forecasts Q4 2019 net sales between $7.0-$7.2 mln
 urn:newsml:reuters.com:*:nGNXbYXGbF
    ** Stock has more than doubled this year

 (Reporting by Medha Singh in Bengaluru)
 ((medha.singh@thomsonreuters.com))