Welcome to our dedicated page for Snail SEC filings (Ticker: SNAL), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Snail, Inc. filings document a public interactive entertainment company with game publishing, development and licensing activities centered on Snail Games USA. Its regulatory disclosures include financial results, registration statements, securities offerings, executive compensation arrangements, annual proxy matters and Nasdaq continued-listing compliance notices.
Material-event reports describe agreements tied to the ARK franchise, including the exclusive worldwide license for ARK: Survival Evolved and ARK: Survival Ascended, as well as financing arrangements involving convertible securities. Proxy filings cover board elections, auditor ratification and stockholder meeting procedures, while offering and periodic disclosures address capital structure, related-party arrangements, risk factors and corporate governance.
Snail, Inc. filed an amended current report to correct dates and present final voting results from its 2026 Annual Meeting of Stockholders. The company uses a dual‑class structure, with Class A common stock carrying one vote per share and Class B common stock carrying ten votes per share.
As of the April 15, 2026 record date, 13,873,422 Class A shares and 28,748,580 Class B shares were outstanding and entitled to vote. Holders representing 291,710,391 votes, or 96.8% of total voting power, were present or represented by proxy, establishing a quorum.
Stockholders elected eight directors, including Hai Shi and Jim Tsai, each receiving about 288 million votes for and minimal withheld votes, with broker non‑votes reported for each nominee. They also ratified BDO USA, P.C. as independent registered public accounting firm for the year ending December 31, 2026, with 291,440,661 votes for, 204,581 against, and 65,149 abstentions.
Snail, Inc. held its 2026 Annual Meeting of Stockholders, where all eight director nominees were elected and the independent auditor was ratified. Stockholders representing 291,710,391 votes, or 96.8% of total voting power, were present or represented by proxy, providing a strong quorum.
Each director nominee received over 287.9 million votes in favor, with minimal votes withheld and 3,622,465 broker non-votes for each seat. Stockholders also ratified the appointment of BDO USA, P.C. as independent registered public accounting firm for the fiscal year ending December 31, 2026, with 291,440,661 votes for, 204,581 against, and 65,149 abstentions.
Snail, Inc. director and ten percent owner Zhou Ying reported indirect acquisitions and holdings of company stock. Two Form 4 entries show grants or awards of Class A Common Stock to SDE Inc., an entity controlled by Zhou Ying, totaling 4,000 shares at $0.93 per share on one date and 700 shares at $0.95 per share on another date, with updated indirect Class A holdings reported after each grant. The filing also reports large indirect holdings of Class B Common Stock held by a spouse and by Amethyst Fortune Development Limited, an entity controlled by Zhou Ying, indicating significant voting or economic exposure through related parties.
Snail, Inc. has received an extension from Nasdaq to regain compliance with its continued listing standards after previously failing to meet required financial thresholds. Nasdaq requires at least $500,000 in net income from continuing operations in the most recent year or two of the last three, or alternatives based on market value or equity.
The company reported net income from continuing operations only in 2024, with net losses in 2023 and 2025, and it also did not meet Nasdaq’s market value or minimum stockholders’ equity standards. Nasdaq accepted Snail’s compliance plan and granted until September 22, 2026 to evidence compliance or face potential delisting of its Class A common stock.
Snail expects to implement its plan, which may involve equity financing and/or debt conversion or similar transactions, but there is no assurance it will successfully regain compliance. For now, the Class A common stock continues to trade on The Nasdaq Capital Market while the company works to satisfy all continued listing requirements.
Snail, Inc. expanded its existing at-the-market stock offering program by filing an amendment that increases available capacity to $3,660,000 of Class A common shares. This sits on top of Class A shares previously sold for an aggregate sales price of $4,367,863 under the same program.
The company is not obligated to sell any additional shares and will choose whether to use the ATM based on market conditions and strategic priorities. The program continues under an offering agreement with H.C. Wainwright & Co. as sales agent, and a legal opinion from Blank Rome LLP covers the validity of any issued shares.
SNAL amends its ATM prospectus supplement to permit up to $3,660,000 of additional Class A common stock sales. The amendment updates the Original ATM Prospectus Supplement and the Form S-3 shelf terms so the company may offer and sell shares from time to time through H.C. Wainwright & Co. under an At-The-Market sales agreement.
The filing states the company previously sold $4,367,863 of Class A Common Stock under the original ATM supplement. After this Amendment, the aggregate market value of outstanding Class A Common Stock held by non-affiliates is reported as $24,086,494 based on 14,168,526 non-affiliate shares and a closing price of $1.70 per share on April 14, 2026. The Sales Agent may receive commissions up to 3.0% of gross sales.
Zhou Ying reported acquisition or exercise transactions in this Form 4 filing.
Snail, Inc. director and ten percent owner Zhou Ying reported an indirect grant of 500 shares of Class A Common Stock at $0.99 per share, held through SDE, Inc., a California corporation controlled by Zhou Ying. The filing also reports indirect holdings of 24,103,590 shares of Class B Common Stock held by Zhou Ying’s spouse and 4,644,990 shares of Class B Common Stock held by Amethyst Fortune Development Limited, a British Virgin Islands entity controlled by Zhou Ying. These entries show Zhou Ying’s aggregate indirect ownership across multiple entities.
Snail, Inc. reported a strong turnaround for the quarter ended March 31, 2026. Net revenue reached $27.3M, significantly higher than the same period in 2025, driven mainly by PC and U.S. sales. Gross profit rose to $11.7M, and the company generated income from operations of $2.0M instead of a prior-year loss.
Net income attributable to Snail, Inc. was $2.13M, with basic earnings per share of $0.06 for Class A stockholders. Operating cash flow improved sharply to $10.2M, lifting cash and restricted cash to $16.2M. The company still reports a stockholders’ deficit of $19.7M and carries substantial related-party payables and deferred revenue of $31.7M, but its quarterly profitability and cash generation mark a notable improvement.
Snail, Inc. reported a strong turnaround for the first quarter ended March 31, 2026, with net revenues rising 35.7% to $27.3 million and total units sold up 42.6% to 2.2 million. Growth was driven mainly by ARK franchise titles and Bellwright, along with higher deferred revenue recognition.
The company posted net income of $2.1 million, compared with a net loss of $1.9 million a year earlier, and EBITDA improved to $2.4 million from a loss of $3.2 million. Bookings increased 21.1% to $26.9 million, and cash and cash equivalents grew to $14.3 million as of March 31, 2026.
Management highlighted a robust ARK and diversified content pipeline, including multiple DLCs and new titles slated for 2026–2027, and indicated expectations for year-over-year growth in Q2 supported by upcoming ARK releases and recognition of approximately $11 million in deferred revenue upon the release of Genesis Part 1.