secwatch.observer — SEC 8-K summary
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Issuer:     Chrome Holding Co. (—)
CIK:        0001804591
Form:       8-K
Filed at:   2025-03-24T23:59:59+00:00
Accession:  0001193125-25-060817
Event type: other_material
Sentiment:  negative
Materiality: 0.95
Item codes: 1.01, 1.03, 5.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

23andMe files Chapter 11, CEO resigns, secures $35M DIP, $37.5M cyber settlement
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- Filed voluntary Chapter 11 petitions in Missouri bankruptcy court to maximize value through a 363 sale process.
- Anne Wojcicki resigned as CEO effective March 23; Joe Selsavage named Interim CEO and President.
- Secured $35M DIP financing commitment from JMB Capital Partners to support operations during proceedings.
- Agreed to pay $37.5M total to settle all claims from the October 2023 cyber incident impacting U.S. customers.
- Matt Kvarda appointed Chief Restructuring Officer; Thomas Walper added to Board and Special Committee.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1804591/000119312525060817/0001193125-25-060817-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1804591/000119312525060817/d933650d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-060817

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