Nacon Faces Financial Turmoil: Publisher Files for Insolvency Ahead of GreedFall 2 Launch
Nacon, the prominent publisher behind RoboCop: Rogue City, Hell Is Us, and the upcoming GreedFall: The Dying World, has officially filed for insolvency. Confronted by a severe liquidity crisis, the company has petitioned for the commencement of judicial reorganization proceedings to stabilize its operations.
Insolvency, in this context, suggests that while Nacon possesses valuable assets—such as intellectual properties and publishing rights—it currently lacks the liquid capital required to satisfy its immediate debts. This financial bottleneck has left the publisher unable to meet its obligations to creditors, forcing it to seek legal protection to restructure its finances.
According to an official filing dated February 20, 2026, the situation was exacerbated by Nacon’s majority shareholder, Bigben Interactive. The filing explains that Bigben was unable to fulfill a partial bond loan repayment following an unexpected refusal from its banking partners, a move that significantly destabilized Nacon’s own financial standing.
“The Company indicated that its current liquidity necessitates the swift implementation of a financial restructuring plan with its creditors to ensure business continuity,” the filing states. “To date, the Company reports that its available assets are insufficient to meet its due liabilities. Consequently, the Company is filing for insolvency as of today.”
For fans awaiting GreedFall: The Dying World, the immediate impact appears minimal. The RPG sequel from Spiders Studio is still slated to exit Early Access and launch its 1.0 version on March 12. In the long term, Nacon intends to use the insolvency period to “assess all possible solutions to ensure the sustainability of the Company’s activity,” with a focus on protecting employees and renegotiating debt in a controlled environment.
This financial setback comes at a busy time for the publisher. The “Nacon Connect” digital showcase is still expected to take place on March 4, and the company recently launched Styx: Blades of Greed, the latest installment in its long-running stealth series, on February 19.
We will continue to monitor the situation and provide updates as Nacon navigates its restructuring process. In the meantime, you can explore our review of RoboCop: Rogue City or catch up on the lore with our original GreedFall review and our preview of The Dying World.
Are you planning to jump into the world of Teer Fradee next month despite this news? Share your thoughts in the comments!
