"Nacon says the situation "required the rapid implementation of a financial restructuring with its creditors in order to ensure the continuity of its operations". Filing for insolvency does not mean the company is definitely shutting down, but indicates that it cannot currently pay its debts and is at risk of having to close its doors unless they can right the ship."
"Bigben triggered this disaster by defaulting on a €43 million bond repayment due February 19, 2026. Banks refused a €43M credit facility drawdown citing an alleged breach of a contractual information disclosure obligation. Bigben is disputing this claim."
"Nacon suffered a blow last year via parent company Bigben when Nintendo won a €7 million damages judgment against Nacon over a 15-year-old patent infringement case involving third-party Wii Remote controllers copying the device's motion-sensing design."
Nacon, a hardware manufacturer and video game publisher, filed for insolvency after its majority shareholder Bigben Interactive failed to make a partial bond repayment to bondholders. Bigben holds 56.7% of Nacon and 65.8% of voting rights. The default occurred when banks refused to provide a €43 million credit facility, citing alleged breaches of contractual information disclosure obligations. Bigben disputes these claims. While Nacon faced a €7 million Nintendo judgment over Wii Remote patent infringement, this was not the primary cause. The company continues normal operations and plans to hold its Nacon Connect showcase next month. Financial restructuring with creditors is underway to ensure operational continuity.
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