It has been four hundred and fifty years since the clans of Old Pegasopolis went into exile. The island-nation of Freeport languishes under the rule of the Necrocrats; what began as an idealistic experiment has become a new form of corruption, the ideals of the past lost amid the greed and vain ambition of lesser men. Clan Charger has been all but destroyed, while the Strikers and Doos teeter upon the brink of collapse. There is no hope for the future.

However, when a down-on-his-luck mercenary captain crosses paths with Torch, the last survivor of Clan Charger, it sets in motion a chain of events that will redefine the very face of Freeport itself.