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Search results for April 1

Games & Commerce

Pearl Abyss opens shareholder meeting, focus turns to what comes after Crimson Desert

Pearl Abyss held a shareholder meeting on July 7 in Gwacheon, south of Seoul, and addressed investor concerns over a weak share price despite expectations for Crimson Desert. Management outlined key shareholder requests, including next steps for Crimson Desert, progress and disclosure strategy for DokeV, shareholder returns and stronger communication. The company said DokeV targets a release in the second half of 2028 and is preparing paid DLC and possible platform expansion to bridge the gap.

Crypto

Evernode completes Cayman trademark registration, steps up XRP treasury business

Ripple-backed treasury firm Evernode has completed trademark registration in the Cayman Islands, a move seen as progress in its XRP digital asset treasury business. The mark, filed by HSM IP, is registered under classes 36 and 42 covering financial and technology services. The trademark is valid until April 1, 2036. Evernode is pursuing a business combination with Cayman-incorporated SPAC Armada Acquisition Corp II and holds about 473 million XRP.

Games & Commerce

Retail shareholders unite amid weak game stocks, press for meetings and treasury share cancellations

Retail shareholders in South Korea\'s game industry are stepping up collective action as weak share prices persist and calls to boost shareholder value grow. Investors in Pearl Abyss, Devsisters and Wemade have demanded shareholder meetings, buybacks and cancellations of treasury shares, limits on executive pay and disclosure on new game development. Some companies have responded with shareholder return plans, meetings and cost-cutting steps, while broader pressure on the sector is spreading.