The fact that it is Orion Telescope & Binocular as well is bad. These names disappearing would mean a significant contraction in choice in the amateur equipment market. But Meade has gone bankrupt before and then been rescued. We’ll have to see.
Being the owner of a Meade Schmidt-Newtonian I am almost, but not quite, concerned about its future well being. I suspect that parts and technical knowledge will still be available for the rest of my lifetime.