French publisher Nacon has filed for bankruptcy protection and is seeking a court-approved plan to restructure its finances. The company made the announcement and filed the necessary paperwork with the Lille Metropole Commercial Court.
The company announced it couldn’t make a scheduled payment to its bondholders because its funding source unexpectedly withdrew support. As a result, the company needs to quickly renegotiate its debts with creditors to stay in business.
Nacon is initiating legal proceedings to explore options for its long-term survival. This step aims to safeguard jobs, support its workforce, and restructure its financial obligations.
Nacon recently announced plans to hold its annual Nacon Connect event on March 4.
Here is the full press release:
I was really shocked to hear that Nacon has filed for bankruptcy today. They’re hoping to get things sorted out through a legal process, basically trying to reorganize and get back on their feet. It’s definitely a worrying time as a fan, but hopefully they can work through this!
On February 20, 2026, Nacon announced it was facing operational difficulties due to problems with its major shareholder, Bigben Interactive. Bigben was unable to make a scheduled payment to its lenders after its bank unexpectedly refused to provide funding, impacting Nacon given the long-term nature of investments and changes within the video game industry.
The Company announced it urgently needs to restructure its finances with its creditors to keep operating. It’s exploring legal options, including a court-supervised process, to help manage its debt.
Currently, the company doesn’t have enough assets to cover its debts. As a result, it is filing for bankruptcy protection with the court today and requesting a process called judicial reorganization. This process is intended to explore all options for keeping the company running, protecting employees and jobs, and renegotiating debts with creditors in a fair and productive manner.
This process will allow the company to keep operating, work out new terms with its creditors, and create a realistic plan for long-term success.
The employee representative organisations were informed of this decision on 24 February 2026.
The court will decide in early March whether to allow the company to begin the process of judicial reorganization.
Because a decision is still pending and the outcome of the legal process is unclear, the Company’s share price will remain suspended, as originally announced on February 20, 2026.
The Company will keep the market informed as the situation and the proceedings develop.
About Judicial Reorganization Proceedings (“Redressement Judiciaire”)
Judicial reorganization is a legal process where a company facing financial difficulties can pause its debt payments for a period of up to 18 months. This allows the company time to develop a plan to restructure its debts and continue operating, with the goal of financial recovery.
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2026-02-25 15:48