India, June 30 -- Shares of 23andMe Holding Co. (MEHCQ) gained over 18% on Monday morning after the company announced it received approval from the bankruptcy court to sell its assets and ongoing business operations to TTAM Research Institute, a nonprofit public benefit corporation led by 23andMe Co-Founder and former CEO Anne Wojcicki.
MEHCQ is currently trading at $5.1600, up $0.8100 or 18.6200%, on the Nasdaq. The stock opened its trading at $4.6800 after closing Friday at $4.3000. The stock has traded between $0.4700 and $10.8000 in the past 52-week period.
The transaction is expected to close in the coming weeks, subject to customary closing conditions.
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