Snail, Inc. (SNAL): Nasdaq/NYSE listing notice — Snail receives Nasdaq deficiency notice for failure to meet continued listing standards

Snail, Inc.

Nasdaq letter cites failure to meet $500K net income requirement; net loss in 2023 and 2025.
Also failed alternative standards: market value of listed securities <$35M and stockholders' equity <$2.5M.
Company has 45 days (by May 11, 2026) to submit a compliance plan; no immediate delisting impact.
Considering equity/debt financing or similar transactions to regain compliance.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Snail, Inc. received a nasdaq deficiency notice notice regarding other (rules IM-5101-1).

Exchange: nasdaq
Notice: deficiency notice
Rules: IM-5101-1

Exact text from the filing

March 26, 2026, Snail, Inc., a Delaware corporation, (the “Company”) received a deficiency letter (the “Letter”) from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it is not in compliance with the requirement to maintain a minimum of $500,000 in net income from continuing operations in the most recently completed fiscal year, or two of the last three fiscal years (the “Net Income Requirement”). In the Company’s Annual Reports on Form 10-K for the year ended December 31, 2023, 2024, and 2025, the Company reported net inc

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5 listing & compliance notices filed in the last 30 days. Browse all listing & compliance notices →

Snail, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-26-014209

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