secwatch.observer — SEC 8-K summary
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Issuer:     Snail, Inc. (SNAL)
CIK:        0001886894
Form:       8-K
Filed at:   2026-01-02T23:59:59+00:00
Accession:  0001493152-26-000108
Event type: regulatory
Sentiment:  negative
Materiality: 0.65
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1886894/000149315226000108/0001493152-26-000108-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1886894/000149315226000108/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-000108

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