Gaming Corps Terminates Game Agreements with Degen Studios, Major Shareholder Denwena

10:24 AM EDT, 07/14/2026 (MT Newswires) -- Gaming Corps (GCOR.ST) terminated its two separate gaming agreements with Degen Studios and major shareholder Denwena, effective immediately, covering collaboration on the production, marketing, and distribution of games. The digital games developer said Tuesday the terminations were primarily due to the agreements having driven "significant costs" for the company without generating revenue at the expected or corresponding levels, along with differing views between the parties on the "best way forward." As a result, the company estimates remaining costs tied to the August 2024 game development agreement with Degen Studios at 600,000 euros, with related revenue streams also set to be affected. The termination of the June 2025 strategic game production cooperation agreement with Denwena also means that the potential dilution of the deal will be eliminated. The company also proposed to sell a technology platform for game production to Degen Studios for 4.4 million kronor, subject to shareholder approval at an Aug. 3 extraordinary general meeting.