8-K
filed April 10, 2026, 7:59 PM ET
ticker SNAL
CIK 0001886894
other material
confidence high
sentiment neutral
materiality 0.60
Snail amends ARK license reducing monthly fee to $1.5M; enters $1.966M development deal for Project Aether
Snail, Inc.
- Monthly license fee cut from $2M to $1.5M effective April 1, 2026, saving $6M per year until ARK 2 release.
- DLC payment clarified: $5M per canonical map DLC, excluding original five ASA DLCs and mini-packs.
- New $1.966M outsourcing deal with Suzhou Snail for Project Aether tech development; paid in four quarterly installments of $491,500.
- Both counterparties are entities controlled by CEO Hai Shi and director Ying Zhou (related parties).
Machine-readable event card
- schema_version
- secwatch.filing_event.v1
- accession
- 0001493152-26-015971
- form_type
- 8-K
- ticker
- SNAL
- cik
- 0001886894
- company_name
- Snail, Inc.
- filed_at
- 2026-04-10T23:59:59+00:00
- discovered_at
- 2026-05-14T18:02:33.238476+00:00
- generated_at
- 2026-05-15T06:43:08.839955+00:00
- sec_items
- ["1.01", "9.01"]
- event_type
- other_material
- sentiment
- neutral
- materiality_score
- 0.6
- calibrated_materiality_score
- 0.6
- confidence
- high
- secwatch_canonical_url
- https://secwatch.observer/filing/0001493152-26-015971
- json_url
- https://secwatch.observer/filing/0001493152-26-015971.json
- markdown_url
- https://secwatch.observer/filing/0001493152-26-015971.md
- text_url
- https://secwatch.observer/filing/0001493152-26-015971.txt
- edgar_index_url
- https://www.sec.gov/Archives/edgar/data/1886894/000149315226015971/0001493152-26-015971-index.htm
- edgar_primary_document_url
- https://www.sec.gov/Archives/edgar/data/1886894/000149315226015971/form8-k.htm
- generated_by_model
- deepseek-v4-flash:cloud@v2
- review_status
- machine_generated
- human_reviewed
- false
- corrected
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- correction_note
- null
- correction_timestamp
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Source-grounded claims
00f9711475f6d5f7918bbe50376c05bef887583f
Snail, Inc. entered into Amendment No. 3 to the Amended and Restated Exclusive Software License Agreement with SDE Inc. valued at reduced licensing fees to $1.5 million per month, replaces certain one-time DLC payments with $5 mil (effective 2026-04-01).
On April 6, 2026, Snail, Inc., a Delaware corporation, (the “Company”) entered into Amendment No. 3 to the Amended and Restated Exclusive Software License Agreement (the “Amendment”) with SDE Inc., a California corporation (“SDE”) through the Company’s wholly-owned subsidiary, Snail Games USA, Inc.
SEC 8-K Item 1.01/1.02
confidence 0.95
SEC evidence
a6c877a16e41582584553a1b6ba6f20578e258b0
Snail, Inc. entered into Software Development Outsourcing Agreement with Suzhou Snail Digital Technology Co., Ltd. valued at aggregate $1.966 million in four quarterly installments of $491,500 (effective 2026-04-06).
On April 6, 2026, the Company entered into a Software Development Outsourcing Agreement (the “Development Agreement”) with Suzhou Snail Digital Technology Co., Ltd. (“Suzhou Snail”) through the Company’s wholly-owned subsidiary, Snail Games USA, Inc.
SEC 8-K Item 1.01/1.02
confidence 0.95
SEC evidence
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On April 6, 2026, Snail, Inc., a Delaware corporation, (the “Company”) entered into Amendment No. 3 to the Amended and Restated Exclusive Software License Agreement (the “Amendment”) with SDE Inc., a California corporation (“SDE”) through the Company’s wholly-owned subsidiary, Snail Games USA, Inc.
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On April 6, 2026, Snail, Inc., a Delaware corporation, (the “Company”) entered into Amendment No. 3 to the Amended and Restated Exclusive Software License Agreement (the “Amendment”) with SDE Inc., a California corporation (“SDE”) through the Company’s wholly-owned subsidiary, Snail Games USA, Inc.
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On April 6, 2026, Snail, Inc., a Delaware corporation, (the “Company”) entered into Amendment No. 3 to the Amended and Restated Exclusive Software License Agreement (the “Amendment”) with SDE Inc., a California corporation (“SDE”) through the Company’s wholly-owned subsidiary, Snail Games USA, Inc.
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On April 6, 2026, Snail, Inc., a Delaware corporation, (the “Company”) entered into Amendment No. 3 to the Amended and Restated Exclusive Software License Agreement (the “Amendment”) with SDE Inc., a California corporation (“SDE”) through the Company’s wholly-owned subsidiary, Snail Games USA, Inc.
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On April 6, 2026, Snail, Inc., a Delaware corporation, (the “Company”) entered into Amendment No. 3 to the Amended and Restated Exclusive Software License Agreement (the “Amendment”) with SDE Inc., a California corporation (“SDE”) through the Company’s wholly-owned subsidiary, Snail Games USA, Inc.
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On April 6, 2026, Snail, Inc., a Delaware corporation, (the “Company”) entered into Amendment No. 3 to the Amended and Restated Exclusive Software License Agreement (the “Amendment”) with SDE Inc., a California corporation (“SDE”) through the Company’s wholly-owned subsidiary, Snail Games USA, Inc.
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On April 6, 2026, Snail, Inc., a Delaware corporation, (the “Company”) entered into Amendment No. 3 to the Amended and Restated Exclusive Software License Agreement (the “Amendment”) with SDE Inc., a California corporation (“SDE”) through the Company’s wholly-owned subsidiary, Snail Games USA, Inc.
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On April 6, 2026, Snail, Inc., a Delaware corporation, (the “Company”) entered into Amendment No. 3 to the Amended and Restated Exclusive Software License Agreement (the “Amendment”) with SDE Inc., a California corporation (“SDE”) through the Company’s wholly-owned subsidiary, Snail Games USA, Inc.
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