---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-000108"
form_type: "8-K"
ticker: "SNAL"
cik: "0001886894"
company_name: "Snail, Inc."
filed_at: "2026-01-02T23:59:59+00:00"
generated_at: "2026-05-16T11:50:49.854340+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Snail receives Nasdaq delisting notice for failure to meet minimum bid price

## Summary
- Closing bid price was below $1.00 for 30 consecutive business days from Nov 11 to Dec 29, 2025.
- Company has 180 calendar days, until June 29, 2026, to regain compliance.
- Compliance can be achieved by maintaining $1.00 or higher for at least 10 consecutive business days.
- If not compliant by June 29, 2026, company may request 180-day extension subject to conditions.
- Company is considering options including a reverse stock split to cure the deficiency.

## SEC filing metadata
- accession: 0001493152-26-000108
- form_type: 8-K
- ticker: SNAL
- cik: 0001886894
- company_name: Snail, Inc.
- filed_at: 2026-01-02T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1886894/000149315226000108/0001493152-26-000108-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1886894/000149315226000108/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-000108
- JSON: https://secwatch.observer/filing/0001493152-26-000108.json
- Plain text: https://secwatch.observer/filing/0001493152-26-000108.txt

## Source-grounded claims
- claim_id: 229bd0a0a7bcfb8b65f27017a5f17f03c8d83aa6
  claim: Snail, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).
  evidence_excerpt: December 30, 2025, Snail, Inc. (the “Company”) received written notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that for thirty (30) consecutive business days from November 11, 2025 through December 29, 2025, the Company’s common stock did not maintain a minimum closing bid price of $1.00 per share (the “Minimum Bid Price Requirement”) as required by Nasdaq Listing Rule 5550(a)(2). The notice has no immediate effect on the listing or trading of the Company’s common stock and the common stock will continue to trade on The Nasdaq
  evidence_url: https://www.sec.gov/Archives/edgar/data/1886894/000149315226000108/0001493152-26-000108-index.htm

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