other material
confidence high
sentiment neutral
materiality 0.60
Snail stockholders approve reverse stock split at ratio of 1-for-2 to 1-for-10
Snail, Inc.
- Majority stockholders holding 95% voting power executed written consent approving reverse stock split amendment.
- Reverse stock split ratio range is 1-for-2 to 1-for-10; Board will determine exact ratio.
- Board may abandon the amendment at its discretion.
- Implementation cannot occur earlier than 20 days after mailing definitive information statement to stockholders.