{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-031916","form_type":"8-K","ticker":"SNAL","cik":"0001886894","company_name":"Snail, Inc.","filed_at":"2026-07-02T20:30:32+00:00","discovered_at":"2026-07-02T20:32:01.191204+00:00","generated_at":"2026-07-02T20:32:23.936361+00:00","sec_items":["3.01","3.03","5.03","8.01","9.01"],"event_type":"regulatory","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Snail receives Nasdaq delisting notice; announces 1-for-5 reverse stock split to regain compliance","bullets":["Nasdaq notified Snail of delisting due to failure to meet minimum bid price ($1.00) and continued listing standards (equity/market value/net income).","Company intends to request a hearing before Nasdaq Hearings Panel to appeal the delisting determination.","Board approved 1-for-5 reverse stock split effective July 2, 2026; trading on split-adjusted basis begins July 6, 2026.","Reverse split reduces outstanding shares from ~44.2M to ~8.8M; no change to authorized shares or ownership percentages except fractional shares.","Reverse split intended to help regain compliance with minimum bid price requirement, but no assurance of success."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-031916","json":"https://secwatch.observer/filing/0001493152-26-031916.json","markdown":"https://secwatch.observer/filing/0001493152-26-031916.md","text":"https://secwatch.observer/filing/0001493152-26-031916.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1886894/000149315226031916/0001493152-26-031916-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1886894/000149315226031916/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-07-02T20:32:23.936361+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}