They have been owned by a Russian state-owned telecom corporation for a few years until recent events (Russia currently tries to push Sailfish OS fork as its “russian-made” mobile OS). Original Finnish management has split off to a new independent company with the same name last year, and this looks like their last ditch attempt to continue existing. I don’t expect they will last much longer (the reason why they were bought by Russia in the first place was that Jolla failed as a business).