Jun. 25 at 3:18 PM
$SNAL On December 30, 2025, Snail, Inc. received a notice from the Nasdaq Stock Market stating that the Company had failed to maintain the minimum bid price requirement of
$1.00 per share for 30 consecutive business days. The Company was granted until June 29, 2026, to regain compliance by maintaining a closing bid price of at least
$1.00 for a minimum of 10 consecutive business days. If compliance is not achieved, Nasdaq may grant an additional 180-day compliance period, provided the Company meets all other listing requirements and intends to cure the deficiency, if necessary, by implementing a reverse stock split. Accordingly, Snail, Inc. has informed shareholders that the Majority Stockholders have approved an amendment to the Company's Certificate of Incorporation authorizing a reverse stock split of its Class A and Class B common stock at a ratio ranging from 1-for-2 to 1-for-10, with the final ratio to be determined by the Board of Directors.
