23andMe stock plunges following bankruptcy, CEO exit [Yahoo! Finance Canada]
23andMe Holding Co. (ME)
Company Research
Source: Yahoo! Finance Canada
The stock of DNA testing company 23andMe ( ME ) dropped 59% Monday after filing for federal bankruptcy protection and the exit of its CEO, a dramatic collapse for a biotech company that once dazzled Silicon Valley and attracted 15 million consumers. 23andMe Holding Co. (ME) 23andMe filed for reorganization under Chapter 11 of the US Bankruptcy Code after it failed to find a buyer. The company announced in January that it would seek a sale of its assets. Its petition seeks court authorization to pursue a structured sale of its assets through an auction. The 23andMe board rejected a nonbinding acquisition offer from co-founder and CEO Anne Wojcicki, who stepped down on Friday. Wojcicki has been trying to take the company pri
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News
- 23andMe's failure shows how risky it can be to invest in a SPAC [Yahoo! Finance]Yahoo! Finance
- Bankrupt 23andMe's DNA data gets nod for sale as concerns linger [BNN Bloomberg (Canada)]BNN Bloomberg
- Bankrupt 23andMe's DNA Data Gets Nod for Sale as Concerns Linger [Yahoo! Finance]Yahoo! Finance
- 23andMe Confirms All Potential Buyers Must Agree to Comply With Privacy Policy and Applicable LawGlobeNewswire
- The battle for 23andMe's DNA customer data [Yahoo! Finance Canada]Yahoo! Finance Canada
ME
Sec Filings
- 3/28/25 - Form 8-K
- 3/27/25 - Form SCHEDULE
- 3/26/25 - Form 3
- ME's page on the SEC website