Snail, Inc. — fact timeline

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. 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. 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. 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. 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”

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”