It was informed during the Yatch Club Presents.Link below for the video.
https://www.youtube.com/watch?v=4D4HDAYKrTo
They also said they have 2 new games in development.The way they said it, seems like they are done with Shovel Knight spin offs.Honestly, at this point I just want Shovel Knight 2 or a new IP from them.
My (locked) thread about how difficulty should be a decision for the developers, not the gamers.
https://gamrconnect.vgchartz.com/thread.php?id=241866&page=1