other_material
confidence high
sentiment negative
materiality 1.00
Court confirms Chrome Holding (f/k/a 23andMe) Chapter 11 plan; all common stock canceled
Chrome Holding Co.
- Bankruptcy Court entered Confirmation Order on December 1, 2025 for Fifth Amended Joint Plan.
- All 25.5M Class A shares and 2.1M Class B shares of common stock to be canceled on Effective Date.
- Equity holders receive only Class B Plan Administration Trust Interests; recovery likely minimal.
- Plan resolves U.S. and Canadian data breach class settlements and other creditor claims.
- Company warns stock trading is highly speculative; shares quoted on OTC Pink.