secwatch.observer — SEC 8-K summary
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Issuer:     Snail, Inc. (SNAL)
CIK:        0001886894
Form:       8-K
Filed at:   2024-06-28T23:59:59+00:00
Accession:  0001493152-24-025604
Event type: regulatory
Sentiment:  negative
Materiality: 0.65
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1886894/000149315224025604/0001493152-24-025604-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1886894/000149315224025604/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-025604

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