Snail, Inc. Files 8-K: Material Agreement, Financials
Ticker: SNAL · Form: 8-K · Filed: Dec 3, 2025 · CIK: 1886894
| Field | Detail |
|---|---|
| Company | Snail, Inc. (SNAL) |
| Form Type | 8-K |
| Filed Date | Dec 3, 2025 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $0.0001, $1,000,000, $5, $2,88,750 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-obligation, equity-sale
TL;DR
Snail, Inc. filed an 8-K on Nov 26, 2025, detailing a material agreement, financial obligations, and equity sales.
AI Summary
On November 26, 2025, Snail, Inc. entered into a material definitive agreement. The company also became subject to a direct financial obligation or an off-balance sheet arrangement. Additionally, Snail, Inc. reported on unregistered sales of equity securities and filed financial statements and exhibits.
Why It Matters
This 8-K filing indicates significant corporate actions by Snail, Inc., including new financial obligations and equity transactions, which could impact its financial standing and stock performance.
Risk Assessment
Risk Level: medium — The filing involves material definitive agreements, financial obligations, and equity sales, which can introduce financial and operational risks.
Key Players & Entities
- Snail, Inc. (company) — Registrant
- November 26, 2025 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- 12049 Jefferson Blvd (address) — Principal executive offices
- Culver City, CA 90230 (address) — Principal executive offices location
FAQ
What type of material definitive agreement did Snail, Inc. enter into?
The filing does not specify the nature of the material definitive agreement, only that one was entered into on November 26, 2025.
What is the nature of the direct financial obligation or off-balance sheet arrangement?
The filing indicates Snail, Inc. became subject to such an obligation or arrangement, but the specific details are not provided in this summary.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on November 26, 2025.
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.
What are the key items reported in this 8-K filing?
The key items reported are: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement, Unregistered Sales of Equity Securities, and Financial Statements and Exhibits.
Filing Stats: 1,608 words · 6 min read · ~5 pages · Grade level 12.9 · Accepted 2025-12-03 16:23:59
Key Financial Figures
- $0.0001 — hich registered Class A Common Stock, $0.0001 par value per share SNAL The Nasdaq
- $1,000,000 — te in the aggregate principal amount of $1,000,000 (the "Note"). The Note had a purchase p
- $5 — into shares of Class A Common Stock is $5.00, subject to adjustment as provided i
- $2,88,750 — provided, however, that with respect to $2,88,750 of the outstanding amount of the Note,
Filing Documents
- form8-k.htm (8-K) — 52KB
- ex4-1.htm (EX-4.1) — 157KB
- ex10-1.htm (EX-10.1) — 247KB
- ex10-2.htm (EX-10.2) — 146KB
- 0001493152-25-025969.txt ( ) — 893KB
- snal-20251126.xsd (EX-101.SCH) — 3KB
- snal-20251126_lab.xml (EX-101.LAB) — 33KB
- snal-20251126_pre.xml (EX-101.PRE) — 22KB
- 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: December 3, 2025 By: /s/ Hai Shi Name: Hai Shi Title: Founder, Chief Executive Officer, Chief Strategy Officer and Chairman of the Board of Directors 4