Don’t Nod has placed its French company into safeguard proceedings to protect operations while it searches for sustainable financing, and the studio says work continues. The step is not a closure announcement and does not automatically cancel its projects.
Cash falls to €9.9 million
The company disclosure of 20 October put cash at 9.9 million euros at the end of June, against 15.5 million at the end of 2025, with a net loss of 7.1 million euros in the first half of 2026 and Aphelion selling below expectations. Management flagged material uncertainty about continuing operations beyond 31 January 2027 without new external financing. The court granted protection on 19 October, opening an initial six-month observation period.
For followers of Lost Records and Vampyr, this is a financing reset under court supervision, not a final verdict on any single game or on the Montreal studio.
