---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-014209"
form_type: "8-K"
ticker: "SNAL"
cik: "0001886894"
company_name: "Snail, Inc."
filed_at: "2026-03-31T23:59:59+00:00"
generated_at: "2026-05-15T08:14:32.114482+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Snail receives Nasdaq deficiency notice for failure to meet continued listing standards

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-26-014209
- form_type: 8-K
- ticker: SNAL
- cik: 0001886894
- company_name: Snail, Inc.
- filed_at: 2026-03-31T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1886894/000149315226014209/0001493152-26-014209-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1886894/000149315226014209/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-014209
- JSON: https://secwatch.observer/filing/0001493152-26-014209.json
- Plain text: https://secwatch.observer/filing/0001493152-26-014209.txt

## Source-grounded claims
- claim_id: c5cf6d95a4bf8c4ee2bad63e6be5598d83ad97f2
  claim: Snail, Inc. received a nasdaq deficiency notice notice regarding other (rules IM-5101-1).
  evidence_excerpt: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1886894/000149315226014209/0001493152-26-014209-index.htm

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