Liquidation: Fig Publishing, Inc.

Form Type: 1-SA

Filing Date: 2025-07-01

Corporate Action: Liquidation

Type: Update

Accession Number: 000121390025059929

Filing Summary: Fig Publishing, Inc. has reported its financial condition for the semiannual period ended March 31, 2025. The company experienced revenues of $875,000 in this period, an increase from $355,000 in the same period of 2024, leading to a net income of $0.6 million. Despite this increase, Fig has accumulated a deficit of $29.5 million and now seeks to wind down operations, having discontinued the funding and promotion of new video games. The company has acknowledged its dependence on its parent company for financial support amidst ongoing financial challenges. The report highlights risks associated with its business model, including the potential inability to attract future financing and the need to ensure liquidity for existing obligations. Additionally, it indicates that while recent operations have yielded revenues, the company's future is uncertain due to possible liquidity constraints and its decision to halt new license agreements since July 2023. As of June 26, 2025, the board authorized a dividend payout related to ongoing revenue sharing from previously funded projects.