Pete Wentz announced it when relaunching Decaydance Records as DCD2 Records, and tweeted yesterday that Cobra Starship have been working on new music. You can read his tweet below.
Listened to some new stuff @GabrielSaporta has been working on. Humbled to have such talented friends- hope the rest of the world heard soon—
Pete Wentz (@petewentz) July 31, 2014