The husk of a company would still be bound by whatever contacts were signed by its officers. However, non-compete enforcement against individuals have been declawed in California, where VoidZero is headquartered, and (I assume) where its investors are, and whose courts they've likely agreed to adjudicate disagreements.

This is an extreme measure not usually taken, but it's a nuclear option that sets a ceiling on how much investors may play hardball.

> However, non-compete enforcement against individuals have been declawed in California, where VoidZero is headquartered

Not in M&A.

https://www.freshfields.com/en/our-thinking/blogs/a-fresh-ta...