The Black Prophecy team has posted a new blog article indicating that the game will be ceasing operations on September 26, 2012. The letter indicates that financial woes are to blame for the game's demise.
This past year-and-a-half has been filled with very bright spots as well as many hardships. It has been an honor to team up with the profound talent at Reakktor Media, and to have had the opportunity to bring a small bit of light to the space action genre. Along the way we’ve made many friends, as well as suffered the loss of a few very close ones. The Black Prophecy team put everything on the line for this title to succeed, working any and all angles to keep hope alive even after Reakktor had to shut its doors. Financial realities don’t always pause for effort though, which brings us to this point in time.
Read the full post on the Black Prophecy site.