Snail, Inc. Granted Conditional Nasdaq Listing Continuation Pending $2.5 Million Equity
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.
Key points
- 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.
The filing
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 September 01, 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.