From GlobeNewswire: 2025-03-23 23:08:00

23andMe Holding Co. has filed for Chapter 11 bankruptcy to conduct a value-maximizing sale process and resolve liabilities. The company will continue business operations and has secured $35 million in DIP financing. Customer data management remains unchanged, with a commitment to transparency and privacy. The company also announced board and leadership changes to support the restructuring and sale process. Anne Wojcicki has resigned as CEO, with Joe Selsavage appointed as Interim CEO. Legal counsel and advisors have been engaged to assist in the proceedings. For more information, visit the company’s website.



Read more at GlobeNewswire: 23andMe Initiates Voluntary Chapter 11 Process to Maximize