In a recent press release, Nacon announced that it has filed for insolvency after make a partial repayment of its bondloan to the bondholders. The announcement comes a few days after Nacon announced that it will hold a new Nacon Connect on March 4.
Nacon further clarifies the situation in the aforementioned press release, stating that “the Company indicated on this occasion that its liquidity situation required the rapid implementation of a financial restructuring with its creditors in order to ensure the continuity of its operations, and that it was considering procedures intended to facilitate the restructuring of its debt under the supervision of the Court.
To date, the Company reports that its available assets do not allow it to meet its due liabilities. In this context, the Company will, as of today, file for insolvency (‘declaration de cessation des paiements’) with the Court and request the opening of judicial reorganization proceedings (‘redressement judiciaire’). The aim of this procedure is to assess all possible solutions to ensure the sustainability of the Company’s activity under the best possible conditions, protect employees, and preserve jobs, while renegotiating with its creditors in a calm and constructive framework. This procedure will enable the Company to continue its business, renegotiate its debts, and develop a credible and effective continuation plan.”
The upcoming Nacon Connect 2026 will feature new details on the company’s future releases, including games like Cthulhu: The Cosmic Abyss, Endurance Motorsport Series, The Mound: Omen of Cthulhu, and Edge of Memories. There will also be new information on NACON’s upcoming accessories.Recently, NACON and Eden Games released Gear.Club Unlimited 3, the latest racing game in the Gear.Club series, for Nintendo Switch 2 on February 19. The game is coming to PlayStation 5, Xbox Series X|S, and PC via Steam later in 2026.
