Earlier we reported that OSOM CEO Jason Keats was sued by former chief privacy officer Mary Stone Ross because he allegedly embezzled company funds to support his car racing hobby. Now comes a new report from Android Authority that OSOM will shut down the company's operations as early as tomorrow.
Jason Keats sent a memo to staff that the company would be closed this Friday. Only a handful of staff will be retained for the time being to support the Solana Saga devices launched a few years ago. In the same memo he denied the allegation that the company's funds had been misused and would oppose it in court later.
OSOM only managed to offer the OV1 smartphone in 2021 but sales were delayed to 2022. The device was not well received and was later relaunched as the Solana Saga to support the Solana blockchain.