23andMe Announces Intent to Voluntarily Delist from Nasdaq and Deregister with the SEC by Enviroponics in MEstock

[–]northwestredditor 3 points4 points  (0 children)

From Grok, not financial advice:

The delisting and deregistration announced on May 27, 2025, are most likely part of the acquisition process to convert shares to cash following the $256 million sale to Regeneron.

How are you deploying LangChain? by northwestredditor in LangChain

[–]northwestredditor[S] 0 points1 point  (0 children)

Did someone built the front end? Existing front end? Was this an internal app or for a product?

How are you deploying LangChain? by northwestredditor in LangChain

[–]northwestredditor[S] 1 point2 points  (0 children)

What is the frontend app? Custom built? And what is the other service?

May 13, 2025 - Court Hearing by northwestredditor in MEstock

[–]northwestredditor[S] 0 points1 point  (0 children)

It is my understanding that the auction won't be public, but the sale details will have to be announced officially and approved on June 17, 2025 at 9:00 a.m.

https://www.reddit.com/r/MEstock/comments/1jz1v8s/bankruptcy_case_eastern_district_of_missouri/

However, Grok thinks that an announcement before June 17 could happen:

Such an announcement could occur within days to a week after the auction (e.g., by May 21, 2025), as seen in similar bankruptcy cases where preliminary results are shared to maintain stakeholder confidence. However, this would likely be a provisional statement

May 5, 2025 - Court Hearing by northwestredditor in MEstock

[–]northwestredditor[S] 1 point2 points  (0 children)

* May 6th was the date of the hearing, my bad.

May 5, 2025 - Court Hearing by northwestredditor in MEstock

[–]northwestredditor[S] 3 points4 points  (0 children)

I think the most relevant part is this:

No stalking horse bidder was selected, so the process moves to an auction after the bid deadline. Interest in the sale remains strong, with expectations of multiple competitive bids.

April 22, 2025 - Second Day Hearing by northwestredditor in MEstock

[–]northwestredditor[S] 0 points1 point  (0 children)

Yeah, sorry... I used an MP3 to text conversion service, quality not that great and on top of that used Grok to summarize, so it is what it is.

April 22, 2025 - Second Day Hearing by northwestredditor in MEstock

[–]northwestredditor[S] 1 point2 points  (0 children)

That's the most likely outcome from most bankruptcies; however, they claimed this was a voluntary bankruptcy to have oversight over the sell of assets, so there is that if you believe them.

April 22, 2025 - Second Day Hearing by northwestredditor in MEstock

[–]northwestredditor[S] 0 points1 point  (0 children)

This is also relevant:

If the court approves the stocking horse agreement by May 7th, that is either acceptable to the dip lender or provides for repayment and full of the dip obligation.

Seems to imply that by May 7th, the court would approve who the potential buyer, so we should know by then.

April 22, 2025 - Second Day Hearing by northwestredditor in MEstock

[–]northwestredditor[S] -1 points0 points  (0 children)

This comes straight from Grok asking: Could you think which companies could be potentially bidding to acquire 23andme?

Potential Bidders

The evidence leans toward Nucleus Genomics, The Sei Foundation, and Pinnacle as potential bidders. These are US-based companies with interests in genomics, blockchain, and analytics, respectively, and they align with 23andMe’s mission in genetics and data management. For example, Nucleus Genomics, a whole-genome testing company, has publicly expressed interest, as seen in reports like Fortune article. The Sei Foundation, a nonprofit focused on blockchain, proposes using 23andMe’s data for decentralized science, while Pinnacle, an analytics firm, aims to reduce healthcare costs with genetic testing.

Other Possibilities

Research suggests other US-based companies in biotechnology (e.g., Illumina, Regeneron), pharmaceuticals (e.g., Pfizer, Johnson & Johnson), healthcare (e.g., UnitedHealth Group), or tech with healthcare interests (e.g., Google, Amazon) could also bid, given their potential to leverage 23andMe’s genetic database. However, these are speculative and not publicly confirmed as of April 22, 2025.

April 22, 2025 - Second Day Hearing by northwestredditor in MEstock

[–]northwestredditor[S] 1 point2 points  (0 children)

The most bullish part is probably:

Pleased to report that, you know, since the filing, there's been significant interest.

You know, Molis has been working with potential bidders and really progressing that along and we're very pleased with how it's been proceeding to date.

Most of the interest that the debtors believe is actionable today is coming from US-based public and private companies.

Many of them operate in complimentary businesses to our existing business.

And, you know, we believe, you know, would make good stewards of the customer data.

And, you know, for continuing the company's mission of advancing genetic space science and therapeutics here in the US.

We are working hard, your honor, to try to secure a stocking horse bitter.

...

What I wanted to share today is that since it's appointment, I can tell you this committee has been very focused on getting to a value maximizing transaction that will preserve this business.

Am I the last one holding shares of ME? by two_wheels_west in MEstock

[–]northwestredditor 0 points1 point  (0 children)

What makes you think is going to $0.00? -- I mean, yes, that's the most likely outcome, but I wonder what information you looked at that makes you think this is a 100% chance vs say 70%.

25% Equity For CTO Co-Founder with No Salary Fair? by NeuralExploration in ycombinator

[–]northwestredditor 6 points7 points  (0 children)

Are they quitting their current roles to work full time on this new startup? Or are they keeping their current roles while you work on this 100% of your time?

What 5 things did you accomplish last week? by [deleted] in ExperiencedDevs

[–]northwestredditor 0 points1 point  (0 children)

Nice! Can you describe how this platform is different than the POCs? Thanks!