Charles & Colvard LTD Schedule 13D activist filings
Filed when an investor crosses five percent and intends to influence the company — the activist disclosure.
Duc Pham and a newly formed group, holding 11.9% of Charles & Colvard, plan to nominate a director slate for the 2025 annual meeting.
SCHEDULE 13D/A: Activist Group Challenges Charles & Colvard Board
A group of investors, led by Duc Pham and Riverstyx Capital, has formed to challenge Charles & Colvard's board, citing concerns over company trajectory, dilutive financing, and seeking board representation.
Ethara Capital LLC has significantly increased its ownership in Charles & Colvard LTD to 42.79% through a convertible note conversion and irrevocable voting proxies.
Riverstyx Capital Management and affiliates have nominated three directors for election to Charles & Colvard's board, signaling a push for strategic changes.
Activist investor Duc Pham has nominated himself for election to the board of directors of Charles & Colvard Ltd. and intends to solicit proxies for the 2025 annual meeting.
Riverstyx Fund, LP, an activist investor, has nominated three individuals, including Ben Franklin, for election to Charles & Colvard Ltd.'s Board of Directors at the 2025 annual meeting.
Duc Pham, a long-term investor, has increased his voting power to 9.6% in Charles & Colvard LTD and plans to seek a board seat to address company trajectory concerns.
Riverstyx Fund, L.P., a significant shareholder in Charles & Colvard Ltd., has filed a lawsuit to compel the company to hold its annual shareholder meeting, citing a deprivation of fundamental shareholder rights.