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AI brief of an SEC Form 8-K · Snail, Inc. (SNAL)

Snail Inc. Signs $1.1 Million in Related-Party Contracts With Suzhou Snail

Neutral Impact 3 of 5 m&a Written later

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.

Key points

  • 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.

The filing

CompanySnail, Inc. (SNAL)
Form8-K, current report
Filed with the SECAug 11, 2026, 5:20 PM ET
Accession number0001493152-26-037190

Items reported: 1.01 Material Definitive Agreement

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:44 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 11, 2026.

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.