---
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"
generated_at: "2026-05-15T06:43:08.839955+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Snail amends ARK license reducing monthly fee to $1.5M; enters $1.966M development deal for Project Aether

## Summary
- 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).

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1886894/000149315226015971/0001493152-26-015971-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1886894/000149315226015971/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-015971
- JSON: https://secwatch.observer/filing/0001493152-26-015971.json
- Plain text: https://secwatch.observer/filing/0001493152-26-015971.txt

## Source-grounded claims
- claim_id: 00f9711475f6d5f7918bbe50376c05bef887583f
  claim: 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).
  evidence_excerpt: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1886894/000149315226015971/0001493152-26-015971-index.htm
- claim_id: a6c877a16e41582584553a1b6ba6f20578e258b0
  claim: 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).
  evidence_excerpt: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1886894/000149315226015971/0001493152-26-015971-index.htm

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