AZTR receives NYSE delisting warning over equity requirement
Director Edward Carmines of Charlie’s Holdings, Inc. (NASDAQ:CHUC), a company with a market capitalization of $83.56 million, has recently purchased shares of the company’s common stock, according to a Form 4 filing with the Securities and Exchange Commission. Over four days, Carmines acquired a total of $13,139 worth of shares, as the stock showed strong momentum with a nearly 10% gain over the past week.
The purchases occurred between September 3rd and September 9th, 2025. On September 3rd, Carmines bought 20,000 shares at a weighted average price of $0.28, in prices ranging from $0.27 to $0.28. Following this, on September 4th, he acquired 7,000 shares at a weighted average price of $0.30, in prices ranging from $0.29 to $0.30. On September 8th, Carmines purchased 7,723 shares at a weighted average price of $0.29, in prices ranging from $0.29 to $0.30. Finally, on September 9th, he bought 10,000 shares at $0.32 per share, near the stock’s 52-week high. According to InvestingPro analysis, the stock appears overvalued at current levels, with 14 additional key insights available to subscribers.
Following these transactions, Carmines directly owns 1,906,481 shares of Charlie’s Holdings, Inc. The company maintains a healthy balance sheet with more cash than debt and a current ratio of 1.61, indicating strong liquidity position.
In other recent news, Charlie’s Holdings has announced the acquisition of a $2 million credit facility aimed at supporting inventory purchases for its non-nicotine SBX product line. This financial arrangement comes from board member Michael D. King and is structured to be delivered in three tranches. The initial tranche consists of a $1 million loan, followed by two additional $500,000 installments. Each loan carries a 13% interest rate and has a 12-month term. Importantly, these loans are not convertible to equity and do not include warrants. This development marks a significant step for Charlie’s Holdings as it looks to bolster its product offerings. Investors may find this move noteworthy as it reflects the company’s efforts to enhance its inventory capabilities.
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