23andMe Holding Co. Class A Common Stock

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$0.61

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$0.6063

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23andMe Holding Co. has filed for Chapter 11 bankruptcy and received court approval for its 'first day' motions, including authorization to pay employee wages and enter into a $35 million debtor-in-possession financing facility. The company plans to sell substantially all of its assets through a Chapter 11 plan or Section 363 sale process.

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DeleteMe, a privacy service, is offering to help 23andMe users remove their sensitive genetic data from the platform as the company faces financial challenges and potential bankruptcy. This service aims to provide individuals with peace of mind about their data privacy.

Related tickers: ME.

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