Snail effects 1-for-5 reverse stock split to boost Nasdaq bid price compliance efforts

Snail will execute a 1-for-5 reverse stock split, effective 11:59 p.m. ET on July 2. * Class A shares will begin trading on a split-adjusted basis on Nasdaq on July 6 under ticker SNAL. * Outstanding Class A shares will drop to about 3,093,778 from about 15,468,890; Class B to about 5,749,716 from about 28,748,580. * Move targets Nasdaq’s $1 minimum bid-price rule as the company seeks to regain listing compliance. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Snail Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607010830PRIMZONEFULLFEED9755454) on July 01, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)

Snail Inc. announced a 1-for-5 reverse stock split effective July 2, with adjusted trading beginning July 6 under ticker SNAL. This move aims to comply with Nasdaq's $1 minimum bid-price rule. Consequently, outstanding Class A shares will decrease from approximately 15.47 million to 3.09 million, and Class B shares from 28.75 million to 5.75 million.

Snail will execute a 1-for-5 reverse stock split, effective 11:59 p.m. ET on July 2. * Class A shares will begin trading on a split-adjusted basis on Nasdaq on July 6 under ticker SNAL. * Outstanding Class A shares will drop to about 3,093,778 from about 15,468,890; Class B to about 5,749,716 from about 28,748,580. * Move targets Nasdaq’s $1 minimum bid-price rule as the company seeks to regain listing compliance. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Snail Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607010830PRIMZONEFULLFEED9755454) on July 01, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)