The full-scale closing follows the September collapse of an anticipated investment deal that prompted the company to let some 17 people go. The company had previously raised $3.5 million Loeb Partners, Insignia Financial Group and several private and institutional investors.
Cubitz is now trying to find buyers for its assets, which consists largely of computers and the lease on its downtown office space. The company was founded in 1998 by Elie Finegold, who co-founded Syncretic Media until it was sold to Doghouse Productions in 1998.
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