{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-026297","form_type":"8-K","ticker":"SNAL","cik":"0001886894","company_name":"Snail, Inc.","filed_at":"2023-08-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.997295+00:00","generated_at":"2026-06-12T19:15:47.338183+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Snail Games grants exclusive global rights to Marbis for Ark franchise servers and secures up to $4.05M funding","bullets":["Snail Games USA grants Marbis exclusive 7-year global rights to host and run official and private servers for Ark: Survival Evolved, Ascended, and Ark II.","Marbis agrees to provide up to $3,000,000 in cash tranches (max $500K each) within 5 business days of drawdown notice.","Outstanding $1,046,932 in server lease fees from March-June 2023 is included in total funding of $4,046,932.","Cooperation Agreement covers server hosting, licensing, and sublicensing rights, with exclusive and irrevocable terms."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-026297","json":"https://secwatch.observer/filing/0001493152-23-026297.json","markdown":"https://secwatch.observer/filing/0001493152-23-026297.md","text":"https://secwatch.observer/filing/0001493152-23-026297.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1886894/000149315223026297/0001493152-23-026297-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1886894/000149315223026297/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T19:15:47.338183+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"057763cf12cb64c1be50bd74d205647b19a9493a","claim":"Snail, Inc. incurred loan of up to the principal amount of $4,046,932 with Marbis GmbH.","evidence_excerpt":"subject to the terms and conditions of the Cooperation Agreement, Marbis has agreed to grant to the Company funding up to the principal amount of $4,046,932, which includes the outstanding amount of $1,046,932 accrued in March 2023 through June 2023 the Company has not made payment of to Marbis in connection with leasing official servers for the functional hosting of Ark SE to the Company.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1886894/000149315223026297/0001493152-23-026297-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"up to the principal amount of $4,046,932"},{"label":"Counterparty","value":"Marbis GmbH"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"090bd226800e65d06f37768f7315ff4e05b7fae4","claim":"Snail, Inc. entered into Cooperation Agreement with Marbis GmbH valued at $4,046,932 (effective 2023-07-26).","evidence_excerpt":"On July 26, 2023, Snail Games USA Inc. (the “Company”) entered into a Cooperation Agreement (the “Cooperation Agreement”) with Marbis GmbH (“Marbis”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1886894/000149315223026297/0001493152-23-026297-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"collaboration"},{"label":"Counterparty","value":"Marbis GmbH"},{"label":"Value","value":"$4,046,932"},{"label":"Effective","value":"2023-07-26"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}