Snail, Inc. Faces Delisting Concerns
Ticker: SNAL · Form: 8-K · Filed: Oct 21, 2024 · CIK: 1886894
| Field | Detail |
|---|---|
| Company | Snail, Inc. (SNAL) |
| Form Type | 8-K |
| Filed Date | Oct 21, 2024 |
| Risk Level | high |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $1.00 |
| Sentiment | bearish |
Sentiment: bearish
Topics: delisting, listing-rule, compliance
TL;DR
Snail, Inc. might get delisted - stock trading could be in trouble.
AI Summary
Snail, Inc. filed an 8-K on October 21, 2024, reporting a notice of delisting or failure to satisfy a continued listing rule. The company's principal executive offices are located at 12049 Jefferson Boulevard, Culver City, CA 90230. This filing indicates potential issues with the company's stock exchange listing.
Why It Matters
This filing signals potential delisting, which could significantly impact the liquidity and trading of Snail, Inc.'s stock.
Risk Assessment
Risk Level: high — A notice of delisting directly threatens the company's ability to remain publicly traded, posing a significant risk to investors.
Key Players & Entities
- Snail, Inc. (company) — Registrant
- October 18, 2024 (date) — Earliest event reported
- October 21, 2024 (date) — Date of report
- 12049 Jefferson Boulevard, Culver City, CA 90230 (location) — Principal executive offices
- Snail Games USA, Inc. (company) — Former company name
FAQ
What specific listing rule or standard has Snail, Inc. failed to satisfy?
The filing does not specify the exact rule or standard that Snail, Inc. has failed to satisfy, only that a notice of delisting or failure to satisfy a continued listing rule has been issued.
What is the exact date of the earliest event reported in this 8-K?
The earliest event reported in this 8-K is dated October 18, 2024.
What is Snail, Inc.'s principal executive office address?
Snail, Inc.'s principal executive office is located at 12049 Jefferson Blvd, Culver City, CA 90230.
When did Snail, Inc. change its name from Snail Games USA, Inc.?
Snail, Inc. changed its name from Snail Games USA, Inc. on October 6, 2021.
What is the filing date of this 8-K report?
This 8-K report was filed on October 21, 2024.
Filing Stats: 701 words · 3 min read · ~2 pages · Grade level 10.1 · Accepted 2024-10-21 16:00:16
Key Financial Figures
- $0.0001 — ch registered Class A Common Stock, $0.0001 par value per share SNAL The Nasdaq
- $1.00 — iled to maintain a minimum bid price of $1.00 per share (the "Minimum Bid Price Requi
Filing Documents
- form8-k.htm (8-K) — 38KB
- ex99-1.htm (EX-99.1) — 4KB
- ex99-1_001.jpg (GRAPHIC) — 5KB
- 0001493152-24-041764.txt ( ) — 222KB
- snal-20241018.xsd (EX-101.SCH) — 3KB
- snal-20241018_lab.xml (EX-101.LAB) — 33KB
- snal-20241018_pre.xml (EX-101.PRE) — 24KB
- form8-k_htm.xml (XML) — 4KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SNAIL, INC. Date: October 21, 2024 By: /s/ Xuedong Tian Name: Xuedong Tian Title: Co-Chief Executive Officer