French game publisher and accessory maker Nacon has today announced that at the tail end of last week, the company filed for insolvency after hitting serious financial trouble.
Looking at the team's press release on matters, it's been revealed that majority shareholder Bigben Interactive has effectively failed to make a loan repayment, which now means that Nacon doesn't have the funding it needs to operate properly.
Here's how Nacon lays it all out, featuring plenty of business speak:
"On 20 February 2026, Nacon announced that the situation of its majority shareholder, Bigben Interactive, which, following an unexpected and late refusal by its banking pool, was unable to make the partial repayment of its bond loan to its bondholders, was significantly affecting its own operations.
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,"
Nacon goes on to say that "its available assets do not allow it to meet its due liabilities" - which basically means that the company's value isn't enough to keep operating as it is right now. The team appears to be hoping that a restructure of some sort can turn its fortunes around and keep it moving into the future.
What's extra curious about this news is that the publisher has a 'Nacon Connect' event planned exactly one week today on March 4th - where a variety of its teams are expected to make announcements regarding future projects. We'll have to wait and see if that all goes off without a hitch.