23andMe Holding Co. - Common Stock (ME)

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Receives Court Approval for First Day Motions to Support Ongoing Business Operations

Cybersecurity is "the one line item that no company in the world is cutting," Brown said, noting how a data breach brought down 23andMe.

23andMe files for Chapter 11 bankruptcy, raising concerns about genetic data security as legal challenges emerge over a $30 million data breach settlement.

U.S. stock futures declined on Tuesday, after advancing for two consecutive sessions on Friday and Monday.

The S&P 500 and Nasdaq posted their best gains in months, with the S&P 500 climbing 1.76% to 5,767.57 and the Nasdaq rising 2.3% to 18,188.59.

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Shares of 23andMe are falling in premarket trading after the company filed for Chapter 11 bankruptcy to initiate a court-supervised sale process aimed at maximizing business value.

Stock futures rise on bullish sentiment as Trump administration plans targeted tariffs against trading partners.

Intends to use Proceedings to Conduct a Value-Maximizing Sale Process and Resolve Liabilities

Provides 23andMe+ Premium members with highly requested insight into their likelihood of developing slightly elevated homocysteine levels

Before the opening bell on Monday, let's take a glimpse of the US markets and explore the top gainers and losers in today's pre-market session.

SUNNYVALE, Calif., March 03, 2025 (GLOBE NEWSWIRE) -- The Special Committee of the Board of Directors of 23andMe Holding Co. (“23andMe” or the “Company”) (Nasdaq: ME) today confirmed receipt of a non-binding proposal from Anne Wojcicki, Chief Executive Officer, Co-Founder, and Chair of the Board of Directors of 23andMe, to acquire all of the outstanding shares of capital stock of 23andMe not owned by Ms. Wojcicki and her affiliates (or any other stockholders that she invites to “roll over” their current equity ownership) for cash consideration of $0.41 per share. Ms. Wojcicki’s proposal, which was included in an amended Schedule 13D filing made by Ms. Wojcicki with the Securities and Exchange Commission earlier today, represented an 84% decrease to the $2.53 per share price included in the joint non-binding proposal previously submitted by Ms. Wojcicki and her then co-bidder on February 20, 2025.

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