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Chrome Holding Co. (OTC:ME), formerly known as 23andMe Holding Co., with a current market capitalization of $157 million, filed a second amended joint Chapter 11 bankruptcy plan and disclosure statement with the U.S. Bankruptcy Court for the Eastern District of Missouri on Tuesday. According to InvestingPro data, the company’s financial health score stands at 2.34, indicating fair conditions amid its restructuring efforts. The move follows a court hearing last Thursday, where the court approved the company’s amended disclosure statement, subject to certain modifications.
The updated filings introduce two new classes of claims against Chrome Holding Co. and its debtor affiliates. They also include a new settlement agreement between the company and certain litigation plaintiffs. In addition, the plan outlines a "toggle structure" that would allow the Chrome Debtors to pursue an equity sale transaction. This structure could enable the company to continue operating, reorganize, or preserve its equity interests to maximize value for stakeholders.
The company cautioned that the court has not yet approved the second amended plan and that there is no assurance the plan or any related transactions will be completed. Solicitation of votes on the plan will not begin until the court approves the related disclosure statement, in accordance with bankruptcy law.
Chrome Holding Co. has been under Chapter 11 protection since March 23, 2025. The company initially filed a joint reorganization plan and disclosure statement on August 15, 2025, and submitted its first amended versions on September 24, 2025.
The company also advised that trading in its Class A common stock during the bankruptcy process is highly speculative and may not reflect actual recoveries for shareholders. The company’s shares are currently quoted on the OTC Pink Market under the symbol ME.
This information is based on a press release statement contained in the company’s Form 8-K filing with the Securities and Exchange Commission.
In other recent news, Chrome Holding Co., formerly known as 23andMe Holding Co., provided an update on its ongoing Chapter 11 bankruptcy proceedings. The company filed voluntary petitions for relief under Chapter 11 and has been submitting monthly operating reports to the U.S. Bankruptcy Court for the Eastern District of Missouri. Additionally, Chrome Holding Co. filed a proposed Chapter 11 reorganization plan, outlining the sale of its assets to TTAM Research Institute for $302.5 million in cash. This plan includes TTAM’s agreement to acquire Chrome’s Lemonaid telehealth business for $2.5 million, with provisions for creditor distributions. Meanwhile, Cryomass Technologies Inc. announced that its stock has been moved to the OTC Expert Market due to filing delinquency, limiting public quotations to broker-dealers and professional investors. White Fox Ventures, Inc. reported a leadership change and a pending sale of controlling interest to entrepreneur Mark A. Jones. This transaction involves a Simple Agreement for Future Equity (SAFE) for shares representing 60% of the company’s voting power. These developments reflect significant changes and strategic decisions within these companies.
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