Apr. 25 at 4:51 AM
$SNAL NEED to KNOW AI DD:: The May 11 "Equity Deficit" Deadline As of March 26, 2026, 🚨 Nasdaq officially notified SNAL that it is non-compliant with
$2,500,000 stockholders' equity requirement & it's deficit T00. Compliance Plan: SNAL has until May 11, 2026, to submit a plan to Nasdaq .🚨 Likely Deal Structure::: ✅️ Management explicitly stated in their latest 8-K that
$SNAL Must seek "potential equity and/or debt financing." Given their negative equity. They likely Must negotiating with high-risk, "toxic" lenders soon to meet that
$2.5M threshold. ✅️ Panel Odds::: 👍 Grant up to a 180-day extension. This doesn't "fix" issue but gives them a window to issue more shares into market to raise cash needed to meet the Required equity & SEC Rules.👍