The moment that Good Technology sold to BlackBerry last year for the bargain-bin sum of $425 million, everyone knew that something had gone terribly wrong for the one-time unicorn.

But thanks to a little sleuthing by financial blogger Tom Prieto, we know just how bad things were at the end. And with many predicting a bloodbath for unicorns this year, that roaming herd of companies with $1 billion valuations would do well to note just how fast the collapse can happen.

In this case, just a year after reaching unicorn status and filing for a potential IPO, Good was on its last gasp of breath before one-time rival BlackBerry scooped it up.

BlackBerry announced the surprising acquisition on Sept. 4, 2015. In securities filings, Prieto learned that four days later, BlackBerry made a bridge loan to Good for $20 million just so the latter could keep the lights on and pay the bills while it waited for the deal to close.

It was desperate times, for sure.

What’s more, Good had $89 million in debt at the time. So after receiving the $425, it had to pay the debt and then give another $267 million to preferred shareholders. That left $61 million for common shareholders (including any vested employees).

The result was that many employees got little or nothing. That prompted one former insider to offer to give any profits he made from the stock to other employees who were left with nada.

In all, a painful, near-deadly fall. And as we noted, it may be just a hint of how painful the techpocalypse could be this year.

Get more stories like this on TwitterFacebook

A global leader in mobile communications, BlackBerry® revolutionized the mobile industry when it was introduced in 1999. Today, BlackBerry aims to inspire the success of our millions of cus... All Blackberry news »

Track Blackberry's Landscape to stay on top of the industry. Access the entire ecosystem, track innovation & deals. Learn more.

Good Technology provides multi-platform enterprise mobility, security and management software. Product offerings include those Good for Enterprise, Good for Government, Good for OEM Device M... All Good Technology news »

Track Good Technology's Landscape to stay on top of the industry. Access the entire ecosystem, track innovation & deals. Learn more.