Snail Inc. files $4.5M ATM offering; explores proprietary stablecoin initiative

Snail, Inc.

ATM offering up to $4.5M of Class A common stock (SNAL) via H.C. Wainwright; 3% commission.
Proceeds primarily for digital asset initiative: exploration of proprietary U.S. dollar-backed stablecoin.
Stablecoin initiative is exploratory, subject to regulatory approvals, market conditions, and technical feasibility.
Implementation may require additional capital and licensing; risks include regulatory uncertainty and compliance costs.

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