French XR startup Lynx has entered compulsory liquidation, meaning it must shut down and its R2 headset will not be launching.
An official notice from the French government confirms that the country’s commercial court placed Lynx, legally registered as SL Process, into liquidation on March 4. The stated reason is that Lynx was unable to pay its debts with available funds for some time, and at the most recent hearing the court determined that this was now “manifestly impossible”.
UploadVR reached out to Lynx at the time the notice went live, and we’ve made numerous attempts to contact the company’s founder Stan Larroque for comment, in case there are nuances to this case that the government notice doesn’t make clear. But we…