Brief: All In! Games Files Motion To Open Proceedings To Amend Creditor Arrangement

All In! Games SA

20/08/2026 06:25

Aug 20 (Reuters) - All In! Games SA ALGP.WA:
SAID ON WEDNESDAY IT HAS FILED MOTION TO OPEN PROCEEDINGS TO AMEND CREDITOR ARRANGEMENT
PROPOSED TO POSTPONE START OF MAIN REPAYMENTS BY 12 MONTHS FROM AUGUST 2026 TO AUGUST 2027 WITHOUT REDUCING THE NOMINAL LEVEL OF CREDITOR SATISFACTION
WITH RESPECT TO PUBLIC-LAW CREDITORS, DURING THE PERIOD FROM AUGUST 20, 2026, TO JULY 20, 2027, THE COMPANY INTENDS TO CONTINUE MAKING PAYMENTS TO EACH OF THE TWO CREDITORS IN GROUP 1
PROPOSED PERIOD IS TO BE DEDICATED, IN PARTICULAR, TO COMPLETING PRODUCTION AND BRINGING "PHANTOM HELLCAT" TO MARKET, SECURING AND DEPLOYING INVESTOR FUNDING, AND STABILIZING THE SERVICING OF CURRENT LIABILITIES
THE 2024 RESTRUCTURING PLAN ENVISAGED "PHANTOM HELLCAT"  RELEASE IN MID-2026 AND LINKED THIS TO THE POSSIBILITY OF COMMENCING THE MAIN REPAYMENT PHASE FROM AUGUST 2026
THIS OBJECTIVE WAS NOT MET BY THE ORIGINALLY ANTICIPATED DEADLINE; THE PROJECT IS STILL UNDERWAY AND IS CURRENTLY IN AN ADVANCED STAGE OF PRODUCTION
ACCORDING TO THE CURRENT SCHEDULE, THE COMPLETION OF CONTENT DEVELOPMENT FOR THE GAME IS PLANNED FOR Q3 2026, FOLLOWED BY A PHASE FOR REFINING GAMEPLAY MECHANICS AND CERTIFICATION, WITH THE RELEASE SCHEDULED FOR THE Q1 OR Q2 2027
IN COMPANY’S ASSESSMENT, INITIATING PROCEEDINGS TO AMEND THE ARRANGEMENT CREATES AN OPPORTUNITY TO ALIGN REPAYMENT SCHEDULES WITH SOURCES OF FUNDING WHILE SAFEGUARDING THE LEGITIMATE INTERESTS OF CREDITORS, AND REPRESENTS A MORE RATIONAL SOLUTION THAN RETAINING A SCHEDULE BASED ON A TIME-RELATED PREMISE THAT FAILED TO MATERIALIZE
        
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