---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-025604"
form_type: "8-K"
ticker: "SNAL"
cik: "0001886894"
company_name: "Snail, Inc."
filed_at: "2024-06-28T23:59:59+00:00"
generated_at: "2026-06-01T00:49:34.553120+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Snail receives Nasdaq bid price deficiency notice; 180 days to cure

## Summary
- Nasdaq deficiency letter dated June 27, 2024 for bid price below $1.00 for 30 consecutive business days.
- Compliance period ends December 24, 2024; stock must close at $1.00+ for 10 consecutive days.
- If not cured, Company may be eligible for second 180-day period if other listing standards are met.
- Company will monitor bid price and consider available options, including reverse stock split.

## SEC filing metadata
- accession: 0001493152-24-025604
- form_type: 8-K
- ticker: SNAL
- cik: 0001886894
- company_name: Snail, Inc.
- filed_at: 2024-06-28T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1886894/000149315224025604/0001493152-24-025604-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1886894/000149315224025604/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-025604
- JSON: https://secwatch.observer/filing/0001493152-24-025604.json
- Plain text: https://secwatch.observer/filing/0001493152-24-025604.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.