CMON announced more IP sales could be on the way alongside making an apology for the delays to its outstanding crowdfunds - some of which are now running almost two years beyond initial delivery estimates.
Hong Kong-listed CMON had hoped to sell more than 360 million newly-created shares in a process which would have valued the company at just over $5m, with the money raised going towards developing new games, marketing and events, and general working capital.
CMON has sold off two more of its game IPs as it continues its fightback against heavy losses - just 18 months after acquiring them from financially-devastated board game crowdfunding specialist Mythic Games.
CMON was already reeling from a more than $3m loss last year, with falling sales for its crowdfunding campaigns leading the company to its lowest annual revenue since pandemic-hit 2020.
Board game crowdfunding giant CMON has lost two more long-serving senior executives amid its attempt to fight back from heavy 2024 losses and a drastic downsizing spurred by US tariffs volatility.
Financially-troubled board game publishing major CMON has suffered another blow after revealing its Gamefound campaign for Degenesis: Clan Wars has been cancelled by the IP holder amid a legal wrangle between the pair.
Financially-troubled board game publisher CMON has sold its flagship IP Zombicide to Asmodee, stripping the company of a series which has raised more than $40m on Kickstarter since its 2012 launch.
Board game publishing major CMON slumped to a loss of more than $3m in 2024 - almost double its total profits from the previous three years combined - as falling sales for its crowdfunding campaigns led the company to its lowest annual revenue since pandemic-hit 2020.
Board game crowdfunding giant CMON is laying off staff and halting new game development and campaign launches, citing the ongoing unpredictability in US tariffs.
Merchants Cove and Coloma publisher Final Frontier Games is shutting down with three crowdfunding projects worth nearly $1.4m still unfulfilled - and claims that CMON failing to pay for an agreed Chinese localisation of one title was the "final nail" in its coffin.
