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Court Reinstates Unknown Worlds CEO, Restores Control of Subnautica 2 Early Access

The ruling extends the earnout window tied to a potential $250 million payout, with damages to be decided in a later phase.

Overview

  • Delaware’s Chancery Court ordered Ted Gill reinstated with full operational authority, instructing Krafton to restore his Steam access and not impede an Early Access launch.
  • The court extended the earnout testing period to September 15, 2026, with a contractual option to push it to March 15, 2027.
  • Vice Chancellor Lori W. Will found Krafton’s firing rationale pretextual, citing an internal ‘Project X’ plan and documented ChatGPT consultations as evidence of motive to avoid the earnout.
  • Co-founders Charlie Cleveland and Max McGuire were not reinstated, as the judge deemed restoring Gill sufficient to vindicate contractual rights.
  • Krafton said it respectfully disagrees and is evaluating options, while an internal message reported by IGN indicated the team is targeting a May Early Access launch, which has not been officially confirmed.