@Quillist I believe only the assets of 23andMe are getting sold to TTAM, and it is being done under Chapter 11. The company itself is not going private or being acquired, it will no longer exist.

today announced that it has received approval from the U.S. Bankruptcy Court for the Eastern District of Missouri (the “Court") for the sale of substantially all of the Company's assets and ongoing business operations to TTAM Research Institute

https://investors.23andme.com/news-releases/news-release-details/23andme-receives-court-approval-sale-ttam-research-institute

https://restructuring.ra.kroll.com/23andMe/

@Sketchy Seems like really bad resolution definition, I originally took a position understanding that 23andme had already entered chapter 11 a month before this market was even created. Why make the market if it was already going to be bankruptcy

Anyhow, I don't think bankruptcy is quite right and partial resolution is probably the most fair. I sold out since I don't really care to worry about it, but it's worth considering that several of the resolutions are not exclusionary of the others

Change of plans

Schedule to close Q3 2025

https://www.globenewswire.com/news-release/2025/05/19/3083892/0/en/Regeneron-A-Leading-U-S-Biotechnology-Company-to-Acquire-23andMe-in-Court-Supervised-Sale.html