secwatch.observer — SEC 8-K summary
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Issuer:     Snail, Inc. (SNAL)
CIK:        0001886894
Form:       8-K
Filed at:   2026-04-10T23:59:59+00:00
Accession:  0001493152-26-015971
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1886894/000149315226015971/0001493152-26-015971-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1886894/000149315226015971/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-015971

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer