Snail, Inc. will effect a 1-for-5 reverse stock split of its Class A and Class B common stock, effective at 11:59 p.m. Eastern Time on July 2, 2026. The move is intended to support the company's effort to regain compliance with Nasdaq's minimum bid price requirement of at least $1.00 per share. The reverse stock split will reduce outstanding Class A shares from approximately 15,468,890 to about 3,093,778, and Class B shares from approximately 28,748,580 to about 5,749,716, while each stockholder's ownership percentage remains unchanged except for fractional shares. The company's Class A common stock will continue to trade on the Nasdaq Capital Market under the symbol SNAL and will begin trading on a split-adjusted basis when the market opens on July 6, 2026.
Snail, Inc.Reverse stock split to regain Nasdaq compliance; no change in fundamentals, purely mechanical.