Mighty No. 9 studio Comcept has been acquired by Level-5 - custodians of the Professor Layton and Yo-Kai Watch franchises - to create a new company named Level-5 Comcept. This will be an entirely new studio built upon the foundations of Comcept’s existing staff, which currently consists of about 15 people. 

Here's an official statement:

As many of you may have heard, Akihiro Hino (LEVEL-5 CEO), and Keiji Inafune (comcept CEO) will be co-founding a new company “LEVEL5 comcept”. What does this mean, you ask? It means that Akihiro Hino, and Keiji Inafune will be teaming up to make new games!!! This does not affect Mighty No. 9 in any way, but who knows, maybe in the future Beck, and your favorite LEVEL-5 characters may be tagging along in new adventures? The possibilities are limitless here.

Comcept as we know it now will cease to exist, but founder Keiji Inafune has stated that he will oversee the company's current projects until the very end. Speaking of which, Mighty No. 9 itself might be a distant (and rather underwhelming) memory for many of us now, but Comcept has confirmed that it's not quite done with the game just yet - it still intends to release the handheld versions, and that includes the 3DS edition:

Hand Held versions: They are not being cancelled, we are still in the process of porting. The porting had to be put on hold for a while due to the other versions being delayed and the recent adjustment we had in Comcept. However, everything is back on track now. The developer restarted the porting process in early May, and we estimate to release them within 2017 (it could be earlier, but it’s hard to estimate a more precise date at this point). We will update on this when we have more information.

The question is, are you still interested in playing Mighty No. 9 on your 3DS?

[via vg247.com, neogaf.com]