Really sad. The game looked great, they very obviously put a lot of heart, soul, sweat and effort into it. I wish em all the best, too bad they didn't get any other investments to be able to continue their development.
Besides the case of the game itself, speaking in general: being a game developer myself the avalanche of closings of studios in the last few years is reaching a really depressing level :I
I wish the guys all the best in the future (a part of me still hopes they magically get some angel investor or some other option going, would really love to see that game getting completed).