DNA testing firm is 23 and m Chapter 11 filed for the protection of bankruptcy Help the company to sell itself after years of financial difficulties. Ann Wojki, co -founder and CEO of 23 and M. Announced on x It has resigned immediately to become an independent bidder for the company, in which the Chief Financial and Accounting Officer, Joe Selissa Wage, has stepped up as an interim CEO.
Chair and member of the Special Committee of the Board of Directors, Mark Jensen, “After a full diagnosis of strategic alternatives, we have decided that the court -based sales process is the best way forward to maximize the business price. Said in a statement. “We expect that the court -supervised process will advance our efforts to tackle the operational and financial challenges we have encountered, including further reduction of costs and solutions to legal and lease -up liabilities.”
23 ORMI says that It is intended that “continuing your business” during the entire bankruptcy process and access to this user’s data and subscriptions will not be affected.
“We have had a lot of achievements, but I account for today’s challenges equally,” said Wojki. “There is no doubt that the challenges faced by a developing business model are real, but I believe in the company and its future.”