Probably a simple "flip". Companies in Germany do that often when they want to move overseas. The reason is that the Finanzamt (IRS) will tax any assets you mov

Probably a simple "flip". Companies in Germany do that often when they want to move overseas. The reason is that the Finanzamt (IRS) will tax any assets you move abroad. That can be a large problem for companies that e.g. get US funding. I know of a case where a financially successful German startup got funded by YC and needed to reincorporate in the US. If they had done it via the official route the Finanzamt would have used the YC valuation as a basis for calculating the taxes and the company would've needed to pay a seven-figure amount. They circumvented this by bankrupting the company and buying out the assets instead, which was then tax-free. I strongly suspect this is a similar move by FinFisher.