Every material Form 8-K Snail, Inc. has filed with the SEC since August 11, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Snail, Inc. said the Nasdaq Hearings Panel granted its request to continue listing Class A Common Stock on the Nasdaq Capital Market, subject to meeting a $2,500,000 minimum stockholders' equity requirement. The company must also file public disclosure of the transactions it undertakes to comply and the resulting equity, and the company says failure to meet the conditions would result in delisting.
Panel decision received August 26, 2026; the stock will keep trading as SNAL during the exception period.
Company must reach minimum stockholders' equity of $2,500,000 under Nasdaq Listing Rule 5550(b) and file public disclosure of its compliance steps.
Company regained compliance with the $1.00 minimum bid price after a reverse stock split effective July 2, 2026; Nasdaq Staff confirmed on July 21, 2026.
The Panel may reconsider the exception based on significant events, and failure to meet the conditions would result in delisting.
On August 5, 2026, Snail, Inc. signed two one-year agreements with Suzhou Snail Digital Technology, a company founded and formerly led by CEO Hai Shi, for SaltyTV development services and game testing, totaling $1.116 million. Because Mr. Shi and director Ying Zhou have ties to Suzhou Snail, these are related-party transactions that shareholders may want to monitor.
Short Drama Production agreement: $864,000 for August 1, 2026 to July 31, 2027, paid in four $216,000 quarterly installments starting September 30, 2026.
Game Testing Service agreement: $252,000 for the same period, paid in four $63,000 quarterly installments starting September 30, 2026.
CEO Hai Shi is founder, former CEO and board chair of Suzhou Snail; director Ying Zhou, his spouse, is a vice president and director of Suzhou Snail.
Snail, Inc. reported second-quarter 2026 revenue of $19.7 million, down from $22.2 million a year earlier, as lower ARK: Survival Ascended sales outweighed Bellwright gains. The net loss narrowed to $3.0 million from $16.6 million, mainly because of a $14.0 million smaller income tax provision, so shareholders see a smaller loss on lower sales.
Q2 net revenues were $19.7 million vs. $22.2 million; ARK: Survival Ascended sales fell $4.2 million, and Bellwright added $1.5 million.
Q2 net loss was $3.0 million vs. $16.6 million; the prior-year quarter included a $13.9 million income tax provision.
Six-month net revenues rose 11.1% to $47.0 million; six-month net loss was $0.9 million vs. $18.5 million.
Unrestricted cash was $13.3 million as of June 30, 2026, up from $8.6 million on December 31, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Snail, Inc. filing is on SEC EDGAR ↗. 8-K briefs of other companies →