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Chrome Holding Co. (OTC:ME), formerly known as 23andMe Holding Co., a company with a market capitalization of $134.15 million and currently trading at $31.50, provided an update Monday on its ongoing Chapter 11 bankruptcy proceedings in the United States Bankruptcy Court for the Eastern District of Missouri. According to InvestingPro data, the stock has declined nearly 5% over the past year.
The company disclosed that it and certain subsidiaries filed voluntary petitions for relief under Chapter 11 on March 23, 2025. As part of the bankruptcy process, Chrome Holding has submitted monthly operating reports for the periods ending March 31, April 30, May 31, June 30, and July 31, 2025. These reports were filed with the court on April 30, May 30, June 30, July 31, and September 2, 2025, respectively. The company stated that it will continue to file monthly operating reports with the court at or around the end of each month while the Chapter 11 cases remain pending.
Chrome Holding cautioned investors that its Class A common stock, which trades on the OTC Pink Market, is subject to substantial risks during the bankruptcy process. The company stated that trading prices for its common stock may not reflect the actual recovery, if any, by shareholders in the Chapter 11 proceedings. Chrome Holding also noted that it cannot assure investors of the liquidity of an active trading market or the ability to sell shares at desired prices. InvestingPro analysis reveals concerning fundamentals, including weak gross profit margins and poor free cash flow yield. The company’s Financial Health Score stands at 2.34, rated as ’FAIR’ by InvestingPro’s comprehensive analysis system.
The company further advised that the monthly operating reports were prepared solely to comply with bankruptcy court requirements. These reports were not audited or reviewed by independent accountants, were not prepared in accordance with generally accepted accounting principles, and may be subject to future adjustments. Chrome Holding stated that the financial information in these reports should not be relied upon as indicative of future results. For deeper insights into Chrome Holding’s financial health and additional ProTips, investors can access comprehensive analysis through InvestingPro.
This information is based on a press release statement included in a recent SEC filing.
In other recent news, Chrome Holding Co. has filed a proposed Chapter 11 reorganization plan with the U.S. Bankruptcy Court for the Eastern District of Missouri. This filing follows the company’s sale of most of its assets to TTAM Research Institute for $302.5 million, along with an agreement to sell its Lemonaid telehealth business for an additional $2.5 million, subject to higher offers. The plan outlines the treatment of claims against the company and its affiliates, with secured and priority claim holders set to receive full payment. Meanwhile, Cryomass Technologies has been moved to the OTC Expert Market due to filing delinquencies, resulting in public quotations for its securities no longer being available. Only broker-dealers and professional or sophisticated investors can view these quotations, though trading is not restricted. Additionally, White Fox Ventures has announced a leadership change and a pending sale of controlling equity. The company’s control shareholder has entered into a Simple Agreement for Future Equity to sell shares representing 60% of the voting power to entrepreneur Mark A. Jones. The transaction will finalize once the full purchase price is paid.
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