Last week the President of Geppi Family Enterprises Stan Heidmann told comic publishers that Diamond Comics Distributors was withholding payments.
The recipient will receive a $5,000 award. The two other finalists will receive $1,000 awards.
This will drop their monthly output of Wolverine comics to only 23 titles.
He co-created The Metabarons with Alejandro Jodorowsky in 1992.
The non-renewal of both October Faction and V-Wars comes as IDW reported a loss of $5.6 million due to costs associated with the series.
Both Sony and Warner Bros. have delayed their 2020 movie schedules due to the COVID-19 pandemic.
Diamond Comic Distributors is withholding payments to comic book publishers this week, with the company claiming cash flow difficulties due to COVID-19.