{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-022508","form_type":"8-K","ticker":"SNAL","cik":"0001886894","company_name":"Snail, Inc.","filed_at":"2025-08-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.515394+00:00","generated_at":"2026-05-17T18:24:09.904475+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Snail Inc. files $4.5M ATM offering; explores proprietary stablecoin initiative","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-022508","json":"https://secwatch.observer/filing/0001641172-25-022508.json","markdown":"https://secwatch.observer/filing/0001641172-25-022508.md","text":"https://secwatch.observer/filing/0001641172-25-022508.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1886894/000164117225022508/0001641172-25-022508-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1886894/000164117225022508/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T18:24:09.904475+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"}