23andMe Files Second Amended Bankruptcy Plan
23andMe Holding (MEHCQ) has filed a Second Amended Joint Plan in its Chapter 11 bankruptcy case, which includes new claims and a potential Equity Sale Transaction. However, court approval is uncertain, and trading remains speculative. Spark's AI Analyst rates MEHCQ as Neutral, citing weak stock performance due to declining revenues and net losses. Technical analysis indicates a bearish trend, emphasizing the need for financial improvements to boost investor confidence. Current market cap stands at $106M with an average trading volume of 73,567.
The latest announcement is out from 23andMe Holding ( (MEHCQ) ).
Chrome Holding Co., formerly known as 23andMe Holding Co., and its subsidiaries filed for Chapter 11 bankruptcy on March 23, 2025. They have since submitted several amended plans to the United States Bankruptcy Court in the Eastern District of Missouri, with the latest being the Second Amended Joint Plan filed on September 30, 2025. This plan includes new classes of claims, a settlement agreement, and a potential Equity Sale Transaction to preserve the company’s equity interests. However, the approval of this plan by the court is uncertain, and trading in the company’s common stock remains highly speculative.
Spark’s Take on MEHCQ Stock
According to Spark, TipRanks’ AI Analyst, MEHCQ is a Neutral.
23andMe Holding’s overall stock performance is weak, primarily due to significant financial challenges, including declining revenues and persistent net losses. The technical analysis also suggests a bearish trend with no strong momentum to reverse it. The negative valuation metrics further highlight the company’s struggles with profitability. Improvements in financial performance and strategic adjustments to reverse negative trends are critical for enhancing investor confidence.
To see Spark’s full report on MEHCQ stock, click here.
More about 23andMe Holding
Average Trading Volume: 73,567
Technical Sentiment Signal: Sell
Current Market Cap: $106M
Find detailed analytics on MEHCQ stock on TipRanks’ Stock Analysis page.
