Yup! They are closing up shop/not reporting because they are getting scooped up by someone else! No need to keep the name and listing if you are merged into a other company! No ATRNQ here folks!
If they're desperate, it's that or they get absolutely nothing for their work but the bare minimum.
If that's the case, they're not doing too well and are looking to get the best deal possible for whatever they have left rather than see the rest of the apples spoil and go for sub-pennies on the dollar.