uBiome forgoes bankruptcy, will liquidate


Microbial genomics lab testing company uBiome, whose San Francisco offices were raided by the FBI in April, announced Monday that it has requested its pending Chapter 11 bankruptcy be converted to liquidation under Chapter 7 of the U.S. Bankruptcy Code.

uBiome filed Chapter 11 bankruptcy protection on Sept. 4 in a federal bankruptcy court in Delaware, where it is officially registered. The company had obtained about $8 million in debtor financing from 8VC and Silicon Valley Bank to keep operations…

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