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EDGAR Submission |
Header Data: |
| Submission Type: SCHEDULE 13G |
| Filer Info: |
| | Filer: |
| | | Filer Credentials: |
| CIK: 2015561 |
| CCC: XXXXXXXX |
| | Live-Test Flag: LIVE |
Form Data: |
| Cover Page Header: |
| | Securities Class Title: Common Stock |
| | Event Date Requires Filing This Statement: 4/19/24 |
| | Issuer Info: |
| | | Issuer CIK: 1015155 |
| | | Issuer Name: CHARLES & COLVARD LTD |
| | | Issuer CUSIP: 159765-10-6 |
| | | Issuer Principal Executive Office Address: |
| Street 1: 170 SOUTHPORT DRIVE |
| City: MORRISVILLE |
| State or Country: NC |
| ZIP Code: 27560 |
| | Designate Rules Pursuant This Schedule Filed: |
| | | Designate Rule Pursuant This Schedule Filed: Rule 13d-1(c) |
| Cover Page Header Reporting Person Details: |
| | Reporting Person Name: Riverstyx Capital Management, LLC |
| | Member Group: b |
| | Citizenship or Organization: FL |
| | Reporting Person Beneficially Owned Number of Shares: |
| | | Sole Voting Power: 0.00 |
| | | Shared Voting Power: 1,640,712.00 |
| | | Sole Dispositive Power: 0.00 |
| | | Shared Dispositive Power: 1,640,712.00 |
| | Reporting Person Beneficially Owned Aggregate Number of Shares: 1,640,712.00 |
| | Class Percent: 5.4 |
| | Type of Reporting Person: OO |
| | Comments: Limited Liability Company |
| Cover Page Header Reporting Person Details: |
| | Reporting Person Name: The Riverstyx Fund, LP |
| | Member Group: b |
| | Citizenship or Organization: DE |
| | Reporting Person Beneficially Owned Number of Shares: |
| | | Sole Voting Power: 0.00 |
| | | Shared Voting Power: 1,640,712.00 |
| | | Sole Dispositive Power: 0.00 |
| | | Shared Dispositive Power: 1,640,712.00 |
| | Reporting Person Beneficially Owned Aggregate Number of Shares: 1,640,712.00 |
| | Class Percent: 5.4 |
| | Type of Reporting Person: PN |
| Cover Page Header Reporting Person Details: |
| | Reporting Person Name: Riverstyx Fund GP, LLC |
| | Member Group: b |
| | Citizenship or Organization: DE |
| | Reporting Person Beneficially Owned Number of Shares: |
| | | Sole Voting Power: 0.00 |
| | | Shared Voting Power: 1,640,712.00 |
| | | Sole Dispositive Power: 0.00 |
| | | Shared Dispositive Power: 1,640,712.00 |
| | Reporting Person Beneficially Owned Aggregate Number of Shares: 1,640,712.00 |
| | Class Percent: 5.4 |
| | Type of Reporting Person: OO |
| | Comments: Limited Liability Company |
| Cover Page Header Reporting Person Details: |
| | Reporting Person Name: Ben Franklin |
| | Member Group: b |
| | Citizenship or Organization: X1 |
| | Reporting Person Beneficially Owned Number of Shares: |
| | | Sole Voting Power: 0.00 |
| | | Shared Voting Power: 1,640,712.00 |
| | | Sole Dispositive Power: 0.00 |
| | | Shared Dispositive Power: 1,640,712.00 |
| | Reporting Person Beneficially Owned Aggregate Number of Shares: 1,640,712.00 |
| | Class Percent: 5.4 |
| | Type of Reporting Person: IN |
| Items: |
| | Item 1: |
| | | Issuer Name: CHARLES & COLVARD LTD |
| | | Issuer Principal Executive Office Address: 170 SOUTHPORT DRIVE, MORRISVILLE, NORTH CAROLINA, 27560. |
| | Item 2: |
| | | Filing Person Name: The Riverstyx Fund, LP Riverstyx Fund, GP, LLC Riverstyx Capital Management, LLC Ben Franklin |
| | | Principal Business Office or Residence Address: 3661 Valverde Cir Jacksonville, FL 32224 |
| | | Citizenship: The Riverstyx Fund, LP - Delaware Riverstyx Fund, GP, LLC - Delaware Riverstyx Capital Management, LLC - Florida Ben Franklin - United States |
| | Item 3: |
| | | Not Applicable Flag? Yes |
| | Item 4: |
| | | Amount Beneficially Owned: The Riverstyx Fund, LP - 1,640,712 Riverstyx Fund, GP, LLC - 1,640,712 Riverstyx Capital Management, LLC - 1,640,712 Ben Franklin - 1,640,712 |
| | | Class Percent: The Riverstyx Fund, LP - 5.4% Riverstyx Fund, GP, LLC - 5.4% Riverstyx Capital Management, LLC - 5.4% Ben Franklin - 5.4% |
| | | Number of Shares Person Has: |
| Sole Power or Direct to Vote: The Riverstyx Fund, LP - 0 shares Riverstyx Fund, GP, LLC - 0 shares Riverstyx Capital Management, LLC - 0 shares Ben Franklin - 0 shares |
| Shared Power or Direct to Vote: The Riverstyx Fund, LP - 1,640,712 Riverstyx Fund, GP, LLC - 1,640,712 Riverstyx Capital Management, LLC - 1,640,712 Ben Franklin - 1,640,712 |
| Sole Power or Direct to Dispose: The Riverstyx Fund, LP - 0 shares Riverstyx Fund, GP, LLC - 0 shares Riverstyx Capital Management, LLC - 0 shares Ben Franklin - 0 shares |
| Shared Power or Direct to Dispose: The Riverstyx Fund, LP - 1,640,712 Riverstyx Fund, GP, LLC - 1,640,712 Riverstyx Capital Management, LLC - 1,640,712 Ben Franklin - 1,640,712 |
| | Item 5: |
| | | Not Applicable Flag? Yes |
| | | Class Ownership 5 Percent or Less? No |
| | Item 6: |
| | | Not Applicable Flag? Yes |
| | Item 7: |
| | | Not Applicable Flag? Yes |
| | Item 8: |
| | | Not Applicable Flag? Yes |
| | Item 9: |
| | | Not Applicable Flag? Yes |
| | Item 10: |
| | | Not Applicable Flag? No |
| | | Certifications: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11. |
| Signature Information: |
| | Reporting Person Name: Riverstyx Capital Management, LLC |
| | Signature Details: |
| | | Signature: Ben Franklin |
| | | Title: Manager of its GP |
| | | Date: 4/22/24 |
| Signature Information: |
| | Reporting Person Name: The Riverstyx Fund, LP |
| | Signature Details: |
| | | Signature: Ben Franklin |
| | | Title: Manager |
| | | Date: 4/22/24 |
| Signature Information: |
| | Reporting Person Name: Riverstyx Fund GP, LLC |
| | Signature Details: |
| | | Signature: Ben Franklin |
| | | Title: Manager |
| | | Date: 4/22/24 |
| Signature Information: |
| | Reporting Person Name: Ben Franklin |
| | Signature Details: |
| | | Signature: Ben Franklin |
| | | Title: Ben Franklin |
| | | Date: 4/22/24 |