Highest-materiality recent filing
Snail stockholders approve reverse stock split at ratio of 1-for-2 to 1-for-10
Majority stockholders holding 95% voting power executed written consent approving reverse stock split amendment.
Snail files 8-K/A to correct date errors; annual meeting results unchanged
Amendment fixes typographical errors in dates from the original May 28, 2026 8-K.
Snail, Inc. reports 2026 annual meeting results; all directors elected, auditor ratified
Stockholders elected eight director nominees: Hai Shi, Jim Tsai, Heidy Chow, Peter Kang, Ying Zhou, Neil Foster, Sandra Pundmann, Ryan Jamieson.
Snail receives Nasdaq extension to Sept 22, 2026 to regain listing compliance
Nasdaq notified Snail on Mar 26, 2026 of non-compliance with minimum $500K net income requirement and alternative standards.
Snail Inc. expands ATM equity facility by $3.66M; prior $4.37M sold
Filed Amendment No. 1 to ATM prospectus increasing available capacity by $3.66M of Class A common stock.
Snail Q1 revenue $27.3M (+35.7% YoY); net income $2.1M vs loss of $1.9M
Net revenue $27.3M (+35.7% YoY); net income $2.1M vs net loss of $1.9M YoY.
Monthly license fee cut from $2M to $1.5M effective April 1, 2026, saving $6M per year until ARK 2 release.
Snail receives Nasdaq deficiency notice for failure to meet continued listing standards
Nasdaq letter cites failure to meet $500K net income requirement; net loss in 2023 and 2025.
Snail Q4 net loss $0.9M; FY2025 net loss $27.2M on $81.2M revenue
Q4 revenue $25.1M (-4% YoY); net loss $0.9M vs. net income $1.1M in Q4 2024.
Snail receives Nasdaq delisting notice for failure to meet minimum bid price
Closing bid price was below $1.00 for 30 consecutive business days from Nov 11 to Dec 29, 2025.
Snail, Inc. enters $1.1M convertible promissory note offering with Monroe Street Capital
Issued a $1,100,000 convertible promissory note to Monroe Street Capital Partners at $1,000,000 purchase price (10% OID).
Snail Q3 revenue $13.8M down 39% YoY; net loss $7.9M; bookings up 9.3%
Net loss of $7.9M vs net income $0.2M in Q3 2024; EBITDA was $(9.7)M.
Snail Inc. enters $2.2M convertible note financing with 10% OID, $5 conversion price
Issued $2.2M convertible note (principal) to Crom Fund for $2M purchase price, reflecting 10% OID.
Snail raises base salaries for CEO, CFO, and SVP effective Oct 6, 2025
CEO Hai Shi base salary increased to $440,000 per year.
Snail Inc. transitions to sole CEO Hai Shi as Co-CEO Tian's term expires
Xuedong (Tony) Tian's Co-CEO term ended September 30, 2025 by mutual agreement.
Snail posts Q2 net loss of $16.6M; revenue up to $22.2M; launches stablecoin initiative
Net loss $16.6M vs net income $2.3M YoY; revenue $22.2M (+2.8% YoY).
Snail Inc. files $4.5M ATM offering; explores proprietary stablecoin initiative
ATM offering up to $4.5M of Class A common stock (SNAL) via H.C. Wainwright; 3% commission.
Snail grants 337,774 RSUs to three non-employee directors; shareholders re-elect board
On June 20, 2025, Snail granted 337,774 RSUs to independent directors for past and future service.
Snail Q1 revenue up 42.5% to $20.1M; net loss widens slightly to $1.9M
Net revenue $20.1M vs $14.1M YoY; net loss $(1.9)M vs $(1.8)M.
Snail FY2024 revenue $84.5M (+39%), net income $1.8M; Q4 net income down to $1.1M
FY2024 revenue $84.5M, up 38.7% YoY; net income $1.8M vs loss $9.1M in 2023.
Snail raises $3.3M in convertible notes (10% OID); conversion at $5/share with variable pricing
Issued two convertible notes totaling $3.3M principal (10% OID) to accredited investors on Feb 21, 2025.
Snail reports Q3 revenue $22.5M (+151% YoY); net income $0.2M vs loss $4.4M
Net revenue $22.5M, up 150.9% YoY; net income $0.2M vs net loss $4.4M in Q3 2023.
Snail, Inc. regains Nasdaq minimum bid price compliance
Received Nasdaq notice on Oct 18 that closing bid price was $1.00+ for 10 consecutive days (Oct 4-17).
Snail Inc COO Peter Kang transitions to VP, Business Development and Operations
Peter Kang ceases as COO effective September 16, 2024; appointed VP, Director of Business Development and Operations.
Snail reports Q2 revenue $21.6M, net income $2.3M vs loss a year ago
Net revenue $21.6M, up 118% from $9.9M YoY, driven by ARK: Survival Ascended sales.
Snail receives Nasdaq bid price deficiency notice; 180 days to cure
Nasdaq deficiency letter dated June 27, 2024 for bid price below $1.00 for 30 consecutive business days.
Snail Inc. stockholders elect all eight director nominees and ratify BDO as auditor at 2024 meeting
All eight director nominees elected with over 287 million votes for each; broker non-votes of 5,550,816.
Snail Q1 net revenue $14.1M (+4% YoY); net loss narrows to $1.8M from $3.0M
Net revenue $14.1M vs $13.5M YoY; net loss $1.8M improved from $3.0M loss.
Snail CEO Jim Tsai resigns; Hai Shi and Tony Tian appointed Co-CEOs effective April 15, 2024
Jim Tsai resigned as CEO and from board committees on April 15, 2024, but remains on board and will assist transition through May 15.
On September 13, 2024, the management of Snail, Inc. (the “Company”) determined that, effective September 16, 2024, Peter Kang would no longer serve as Chief Operating Officer of the Company, but would instead serve as the Company’s Vice President, Director of Business Development and Operations.
On April 15, 2024, in conjunction with Mr. Tsai’s resignation as the Company’s Chief Executive Officer, the Company appointed Hai Shi and Xuedong (Tony) Tian to serve as the Company’s new Co-Chief Executive Officers, effective April 15, 2024.
On April 15, 2024, Jim S. Tsai notified Hai Shi, the Chairman of the Board of Directors (the “Board”) and Chief Strategy Officer of Snail, Inc. (the “Snail”), of his decision to resign from his position as the Chief Executive Officer of Snail
On April 15, 2024, in conjunction with Mr. Tsai’s resignation as the Company’s Chief Executive Officer, the Company appointed Hai Shi and Xuedong (Tony) Tian to serve as the Company’s new Co-Chief Executive Officers, effective April 15, 2024.
Max materiality 0.80 · Median 0.65 · Most common event earnings