Artesian Builds files for bankruptcy with an estimated $1.3M in unfulfilled orders

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Final Friday, defunct customized PC maker Artesian Builds filed for Chapter 11 chapter in California with over $3 million in liabilities on its stability sheet, together with $1.37 million in unfulfilled orders. A court-appointed restructuring officer is now in search of patrons for the corporate’s property, which embrace an estimated $917,595 value of stock.

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Artesian Builds collapsed dramatically in March of this 12 months, all of a sudden shutting down its operations on March 10 and shedding round 50 staff in California and North Carolina. Artesian’s insolvency was apparently triggered by a wave of refunds following a controversial raffle livestreamed by the corporate’s CEO and proprietor Noah Katz, however two ex-employees who spoke to PC Gamer below the situation of anonymity stated it was Katz’s long-term mismanagement that put the corporate in such a precarious place to start with. 

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