Source-grounded facts extracted from Snail, Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
Snail, Inc. shareholders approved Ratification of the appointment of BDO USA, P.C. as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2026 at the 2026-05-27 meeting.
“Proposal 2– The stockholders ratified the appointment of BDO USA, P.C. as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026 by the following vote:”
Snail, Inc. shareholders approved Election of eight nominees for director to the Company's Board of Directors at the 2026-05-27 meeting.
“Proposal 1 –The stockholders elected the following eight (8) nominees for director to the Company’s Board of Directors to hold office until the Company’s next annual meeting of stockholders and until their respective successors are duly elected and qualified, based on the following votes:”
Snail, Inc. shareholders approved Ratification of appointment of BDO USA, P.C. as independent registered public accounting firm for fiscal year ending December 31, 2026 at the 2025-06-19 meeting.
“Proposal 2– The stockholders ratified the appointment of BDO USA, P.C. as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026 by the following vote: Votes For Votes Against Abstentions 291,440,661 204,581 65,149”
Snail, Inc. shareholders approved Election of eight (8) nominees for director to the Company’s Board of Directors at the 2025-06-19 meeting.
“Proposal 1 –The stockholders elected the following eight (8) nominees for director to the Company’s Board of Directors to hold office until the Company’s next annual meeting of stockholders and until their respective successors are duly elected and qualified, based on the following votes: Nominee Votes For Votes Withheld Broker Non-Votes Hai Shi 288,004,441 83,485 3,622,465 Jim Tsai 288,002,004 85,922 3,622,465 Heidy Chow 287,902,743 185,183 3,622,465 Peter Kang 287,950,693 137,233 3,622,465 Ying Zhou 287,950,293 137,633 3,622,465 Neil Foster 288,009,601 78,325 3,622,465 Sandra Pundmann 287,955,605 132,321 3,622,465 Ryan Jamieson 288,008,487 79,439 3,622,465”
Snail, Inc. reported the first quarter ended March 31, 2026 results: revenue $27.3 million, net income $2.1 million.
“renown IPs and titles. We remain focused on unlocking the value of our pipeline and delivering results.” First Quarter 2026 Financial Highlights Net revenues increased 35.7% to $27.3 million compared to $20.1 million in the same period last year. The increase was primarily due to an increase of $4.2 million and $2.1 million in revenue related to ASA and Bellwright ,”
Snail, Inc. entered into Software Development Outsourcing Agreement with Suzhou Snail Digital Technology Co., Ltd. valued at aggregate $1.966 million in four quarterly installments of $491,500 (effective 2026-04-06).
“On April 6, 2026, the Company entered into a Software Development Outsourcing Agreement (the “Development Agreement”) with Suzhou Snail Digital Technology Co., Ltd. (“Suzhou Snail”) through the Company’s wholly-owned subsidiary, Snail Games USA, Inc.”
Snail, Inc. entered into Amendment No. 3 to the Amended and Restated Exclusive Software License Agreement with SDE Inc. valued at reduced licensing fees to $1.5 million per month, replaces certain one-time DLC payments with $5 mil (effective 2026-04-01).
“On April 6, 2026, Snail, Inc., a Delaware corporation, (the “Company”) entered into Amendment No. 3 to the Amended and Restated Exclusive Software License Agreement (the “Amendment”) with SDE Inc., a California corporation (“SDE”) through the Company’s wholly-owned subsidiary, Snail Games USA, Inc.”
Snail, Inc. received a nasdaq deficiency notice notice regarding other (rules IM-5101-1).
“March 26, 2026, Snail, Inc., a Delaware corporation, (the “Company”) received a deficiency letter (the “Letter”) from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it is not in compliance with the requirement to maintain a minimum of $500,000 in net income from continuing operations in the most recently completed fiscal year, or two of the last three fiscal years (the “Net Income Requirement”). In the Company’s Annual Reports on Form 10-K for the year ended December 31, 2023, 2024, and 2025, the Company reported net inc”
Snail, Inc. reported fourth quarter and full year ended December 31, 2025 results: revenue Net revenues were $25.1 million compared to $26.2 million in the same period last year., net income Net loss was $(0.9) million compared to net income of $1.1 million in the same period last year.
“Fourth Quarter 2025 Financial Highlights Net revenues were $25.1 million compared to $26.2 million in the same period last year.”
Snail, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).
“December 30, 2025, Snail, Inc. (the “Company”) received written notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that for thirty (30) consecutive business days from November 11, 2025 through December 29, 2025, the Company’s common stock did not maintain a minimum closing bid price of $1.00 per share (the “Minimum Bid Price Requirement”) as required by Nasdaq Listing Rule 5550(a)(2). The notice has no immediate effect on the listing or trading of the Company’s common stock and the common stock will continue to trade on The Nasdaq”
Snail, Inc. issued convertible note.
“The disclosure set forth in Item 1.01 above is hereby incorporated herein by reference in this Item 3.02. The issuance of the Note and the Conversion Shares was made in reliance on the exemption provided by Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), for the offer and sale of securities not involving a public offering, and Regulation D promulgated under the Securities Act.”
Snail, Inc. incurred convertible notes of $1,000,000 with an accredited investor at 5% maturing twelve (12) months from the date of issuance.
“the Investor agreed to purchase from the Company in a private placement offering (the “Offering”) an unsecured convertible promissory Note in the aggregate principal amount of $1,000,000 (the “Note”).”
Snail, Inc. issued convertible note to an accredited investor for aggregate principal amount of $2,200,000.
“On October 24, 2025, Snail, Inc. (the “Company”) entered into a securities purchase agreement (the “Securities Purchase Agreement”) with an accredited investor (the “Investor”). Pursuant to the terms and conditions of the Securities Purchase Agreement, the Investor agreed to purchase from the Company in a private placement offering (the “Offering”) an unsecured convertible promissory Note in the aggregate principal amount of $2,200,000 (the “Note”).”
Snail, Inc. incurred convertible notes of $2,200,000 with an accredited investor at 5% maturing twelve (12) months from the date of issuance.
“the Investor agreed to purchase from the Company in a private placement offering (the “Offering”) an unsecured convertible promissory Note in the aggregate principal amount of $2,200,000 (the “Note”). The Note had a purchase price of $2,000,000 due to the inclusion of a 10% original issuance discount (“OID”). The Company will pay a one-time interest charge on the”
Snail, Inc. incurred convertible notes of $3,300,000 aggregate principal amount; two notes, one with $2,200,000 and one with $1,100,000 principal amount with two accredited investors at one-time interest charge at a rate of 5%; default interest at the lesser of 10% maturing 12 months from date of issuance.
“On February 21, 2025, Snail, Inc. (the “Company”) entered into securities purchase agreements (the “Securities Purchase Agreements”) with two accredited investors (the “Investors”). Pursuant to the terms and conditions of the Securities Purchase Agreements, the Investors agreed to purchase from the Company in a private placement offering (the “Offering”) two unsecured convertible promissory notes in the aggregate principal amount of $3,300,000 (each a “Note” and together, the “Notes”) with the Investors pursuant to which the Company issued and sold to the Investors two notes with a 10% original issuance discount (“OID”), one of which is in the aggregate principal amount of $2,200,000 and had a purchase price of $2,000,000 and the other was in the aggregate principal amount of $1,100,000 and had a purchase price of $1,000,000.”
Peter Kang changed role as Vice President, Director of Business Development and Operations at Snail, Inc..
“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.”
Snail, Inc. reported the first quarter ended March 31, 2024 results: revenue $14.1 million, net income $1.8 million.
“133,000 DAUs. ○ ARK: Survival Evolved sold approximately 0.6 million units in the first quarter of 2024. Net revenues for the three months ended March 31, 2024 was $14.1 million compared to $13.5 million in the three months ended March 31, 2023. The increase in net revenues was due to an increase in total ARK sales of $5.1 million, an increase in revenue”
Xuedong (Tony) Tian was appointed as Co-Chief Executive Officer at Snail, Inc..
“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.”
Hai Shi was appointed as Co-Chief Executive Officer at Snail, Inc..
“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.”
Jim S. Tsai resigned as Chief Executive Officer at Snail, Inc..
“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”
Ryan Jamieson was appointed as Director at Snail, Inc..
“On November 10, 2023, Snail, Inc. (the “Company”) appointed Ryan Jamieson to the Company’s Board of Directors (“Board”), effective immediately.”
Snail, Inc. reported the third quarter ended September 30, 2023 results: revenue $9.0 million, net income Net loss was $4.4 million.
“Revenue was $9.0 million for the three months ended September 30, 2023”
Snail, Inc. entered into Securities Purchase Agreement with two accredited investors valued at $1,080,000 (effective 2023-08-24).
“On August 24, 2023, Snail, Inc. (the “ Company ”) entered into that certain Securities Purchase Agreement (the “ Purchase Agreement ”) with two accredited investors (the “ Investors ”), pursuant to which the Company sold, and each of the Investors purchased, an initial Original Issue 7.4% Discount Convertible Note (each, a “ Note ”, and collectively, the “ Notes ”) in an aggregate principal amount of $1,080,000, convertible into shares of the Company’s Class A common stock, par value $0.0001 per share (the “ Common Stock ”), and an initial warrant to purchase up to an aggregate of 714,285 shares of the Company’s Common Stock (each, a “ Warrant ”, collectively, the “ Warrants ,” and together with the Notes, the “ Securities ”) (the “ Convertible Note Financing ”).”
Snail, Inc. reported the three months ended June 30, 2023 results: revenue $9.9 million, net income $4.1 million.
“to bring our fans a remastered ARK game with loads of new content and world to explore.” Second Quarter 2023 and Subsequent Financial and Business Highlights ● Revenue was $9.9 million for the three months ended June 30, 2023, compared to revenue of $15.5 million in the prior year period, representing a decrease of $5.6 million year over year. The decrease in”
Snail, Inc. incurred loan of up to the principal amount of $4,046,932 with Marbis GmbH.
“subject to the terms and conditions of the Cooperation Agreement, Marbis has agreed to grant to the Company funding up to the principal amount of $4,046,932, which includes the outstanding amount of $1,046,932 accrued in March 2023 through June 2023 the Company has not made payment of to Marbis in connection with leasing official servers for the functional hosting of Ark SE to the Company.”
Snail, Inc. entered into Cooperation Agreement with Marbis GmbH valued at $4,046,932 (effective 2023-07-26).
“On July 26, 2023, Snail Games USA Inc. (the “Company”) entered into a Cooperation Agreement (the “Cooperation Agreement”) with Marbis GmbH (“Marbis”).”
Snail, Inc. shareholders approved Ratification of the appointment of BDO USA, LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023 at the 2023-06-22 meeting.
“Proposal 2 The stockholders ratified the appointment of BDO USA, LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023 by the following vote: Votes For Votes Against Abstentions 288,298,200 2,391 1,591”
Snail, Inc. shareholders approved Election of seven directors to the Board of Directors, each for a term of one year expiring at the 2024 Annual Meeting of Stockholders and until such director’s successor has been duly elected and qualified at the 2023-06-22 meeting.
“Proposal 1 The stockholders elected seven directors to the Company’s Board of Directors, each for a term of one year expiring at the 2024 Annual Meeting of Stockholders and until such director’s successor has been duly elected and qualified, based on the following votes: Nominee Votes For Votes Withheld Broker Non-Votes Hai Shi 287,641,701 41,019 619,462 Jim Tsai 287,642,788 39,932 619,462 Heidy Chow 287,642,591 40,129 619,462 Peter Kang 287,642,788 39,932 619,462 Ying Zhou 287,642,801 39,919 619,462 Neil Foster 287,681,658 1,062 619,462 Sandra Pundmann 287,681,436 1,284 619,462”
Snail, Inc. reported three months ended March 31, 2023 results: revenue $13.5 million, net income Net loss was $3.0 million.
“players, while also establishing a solid foundation for a successful launch of ARK 2 .” First Quarter 2023 and Subsequent Financial and Business Highlights · Revenue was $13.5 million for the three months ended March 31, 2023, compared to revenue of $28.1 million in the prior year period, representing a decrease of $14.6 million. The decrease in net revenues”
Snail, Inc. reported the quarter ended September 30, 2022 results: revenue $15.6 million, net income $1.5 million.
“Revenue decreased by 36.1% to $15.6 million for third quarter of 2022 from $24.4 million over the same period in the prior year primarily as a result of a decrease in ARK units sold. ARK related revenues decreased by $8.5 million attributable to the age of the game and sales normalizing in 2022 after the initial release of Genesis II in June 2021. One off payments and revenue recognized for previous contract payments were the cause of $3.3 million of the $8.5 million decrease in ARK revenue, with reduced sales of ARK and ARK mobile responsible for the remaining $5.2 million decrease. · Net loss for the third quarter of 2022 was $1.5 million compared to net income of $3.8 million in the prior year period due to the reduced sales of ARK , static licensing fees, and increased general and administrative costs.”
Snail, Inc.: Amended and Restated Bylaws became effective (effective 2022-11-09).
“and its Amended and Restated Bylaws (the “Bylaws”) became effective in connection with the Securities and Exchange Commission (the “Commission”) declaring effective the Company’s Registration Statement on Form S-1 (File No. 333-267483) , as amended, for its initial public offering of shares of its Class A common stock, par value $0.0001 per share.”
Snail, Inc.: Filed Amended and Restated Certificate of Incorporation (effective 2022-11-09).
“On November 9, 2022, Snail, Inc. (the “Company”) filed its Amended and Restated Certificate of Incorporation (the “Charter”) with the Secretary of State of the State of Delaware”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.