regulatory
confidence high
sentiment negative
materiality 0.90
Chrome Holding Co.: Nasdaq/NYSE listing notice — 23andMe receives Nasdaq delisting notice after Chapter 11 filing; stock to move to OTC Pink
Chrome Holding Co.
- Nasdaq notified Company on March 24, 2025, citing Listing Rules 5101, 5110(b), and IM-5101-1 due to bankruptcy.
- Trading of Class A common stock (ME) will be suspended at the opening of business on March 31, 2025 unless appealed.
- Company does not intend to request a hearing; expects delisting and removal of stock from Nasdaq.
- Upon delisting, common stock is anticipated to be quoted on OTC Pink Market, but no assurance of trading liquidity.
- Company warns that trading during Chapter 11 cases is highly speculative with little relation to recovery.