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The Company has been consistently pursuing its operational plan with the aim of increasing revenue and improving working capital. The Company hired a financial advisor in connection with evaluating and pursuing strategic alternatives. The Company also announced that all of the directors and officers of the Company have resigned effective as March 30, 2017.Īs previously disclosed, the Company’s Board of Directors formed a special committee in 2016 to explore and evaluate strategic alternatives intended to maximize shareholder value, including a sale of the Company. In addition, certain of the Company’s other subsidiaries have filed or will file for liquidation under comparable legislation in their countries of origin. The Company’s wholly-owned subsidiary, Mad Catz, Inc., ceased operations and also has filed a voluntary petition for relief under chapter 7 of the United States Bankruptcy Code to initiate an orderly liquidation of the assets of the Company. (“PWC”) has been appointed as the trustee in bankruptcy of the Company’s estate. Pursuant to the assignment in bankruptcy, PricewaterhouseCoopers Inc. (the “Company”) (OTC Pink:MCZAF) announced that, with the authorization and approval of its Board of Directors, it and its subsidiary, 1328158 Ontario Inc., made a voluntary assignment in bankruptcy on March 30, 2017, pursuant to the provisions of the Bankruptcy and Insolvency Act (Canada). SAN DIEGO, Ma(GLOBE NEWSWIRE) - Mad Catz Interactive, Inc. mice and keyboards as well as their Triton audo segment headsets. Mad Catz was founded in 1989 and is known for their Rock Band-controllers, R.A.T. This have not been going well for them for a long time now, last year they fired a third of their staff. The company was looking for alternative options, but opted for this final solution.
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Mad Catz, know for its famous gaming hardware like R.A.T mouses filed for bankruptcy.