The Superior Court Division of Wake County, North Carolina, issued an order regarding the 2025 annual shareholders' meeting of Charles & Colvard Ltd.
Riverstyx Fund, LP filed an application for a court-ordered shareholder meeting pursuant to N.C. Gen. Stat. § 55-7-03.
The application by Riverstyx Fund, LP requested an order for Charles & Colvard Ltd. to hold an annual shareholder meeting.
Court Order
The court issued an order for the shareholder meeting application by Riverstyx Fund, LP.
Corporate Organization
Charles & Colvard Ltd. is a publicly traded corporation organized under the laws of North Carolina.
Shareholder Details
Riverstyx, a Delaware limited partnership, is a shareholder of Charles & Colvard Ltd.
Meeting Application
Riverstyx applied for an annual shareholder meeting order under N.C. Gen. Stat. § 55-7-03.
Statutory Requirement
N.C.G.S. § 55-7-01(a) mandates corporations to hold annual shareholder meetings as per bylaws.
- The court's order signifies the legal proceedings related to the shareholder meeting application.
- Riverstyx's action highlights the importance of corporate governance and shareholder rights.
- The filing sheds light on the regulatory framework governing annual shareholder meetings for corporations in North Carolina.
The court ruling and application for a shareholder meeting by Riverstyx Fund, LP are significant events for Charles & Colvard Ltd. and demonstrate the adherence to regulatory requirements.