Form 8-K

8-K — Snail, Inc.

Accession: 0001493152-26-025419

Filed: 2026-05-27

Period: 2026-05-20

CIK: 0001886894

SIC: 7372 (SERVICES-PREPACKAGED SOFTWARE)

Item: Other Events

Documents

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UNITED

STATES

SECURITIES

AND EXCHANGE COMMISSION

Washington,

D.C. 20549

FORM

8-K

CURRENT

REPORT

Pursuant

to Section 13 or 15(d) of the

Securities

Exchange Act of 1934

Date

of Report (Date of earliest event reported): May 20, 2026

Snail,

Inc.

(Exact

name of registrant as specified in its charter)

Delaware

001-41556

88-4146991

(State

or other jurisdiction

incorporation)

(Commission

File

Number)

(IRS

Employer

Identification

Number)

12049

Jefferson Blvd

Culver

City, CA 90230

(Address

of principal executive offices) (Zip Code)

(310) 988-0643

(Registrant’s

telephone number, including area code)

Check

the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under

any of the following provisions:

☐

Written

communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting

material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement

communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement

communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities

registered pursuant to Section 12(b) of the Act:

Title

of each class

Trading

Symbol(s)

Name

of each exchange on which registered

Class

A Common Stock, $0.0001 par value per share

SNAL

The

Nasdaq Stock Market LLC

(The

Nasdaq Capital Market)

Indicate

by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405

of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging

growth company ☒

an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying

with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item

8.01 Other Information.

March 26, 2026, Snail, Inc., a Delaware corporation, (the “Company”) announced that it had received a deficiency letter (the

“Deficiency Letter”) from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC

(“Nasdaq”) notifying the Company that it was not in compliance with the requirement to maintain a minimum of $500,000 in

net income from continuing operations in the most recently completed fiscal year, or two of the last three fiscal years (the “Net

Income Requirement”). In the Company’s Annual Reports on Form 10-K for the year ended December 31, 2023, 2024, and 2025,

the Company reported net income from continuing operations in 2024 and net loss from continuing operations in 2025 and 2023. Additionally,

the Company did not meet either of the alternative Nasdaq continued listing standards under the Nasdaq Listing Rules, which include (i)

a market value of listed securities of at least $35 million or (ii) a minimum stockholders’ equity requirement of at least $2,500,000

(collectively with the Net Income Requirement, the “Nasdaq Requirements”).

The

Company submitted a plan to the Staff to regain compliance (the “Compliance Plan”) with the Nasdaq Requirements on May 11,

2026. On May 20, 2026, the Company received a letter from Nasdaq (the “Extension Letter”) stating that the Compliance Plan

was accepted, and that the Company has until September 22, 2026, to evidence compliance with the Nasdaq Requirements. The Extension Letter

further stated that if the Company fails to evidence compliance with the Nasdaq Requirements upon filing its quarterly report for the

quarter ending September 30, 2026, the Company’s Class A Common Stock, par value $0.0001 per share (“Class A Common Stock”)

will be subject to delisting.

The

Deficiency Letter and the Extension Letter have no immediate effect on the listing of Class A Common Stock, and the Class A Common Stock

continues to trade on The Nasdaq Capital Market, subject to the Company’s compliance with the other continued listing requirements.

The

Company expects to implement the Compliance Plan, which may include, but is not limited to, potential equity financing and/or debt conversion

arrangements or similar transactions, with the intention of regaining compliance with the Nasdaq Requirements. However, there is no assurance

that the Company will be successful in regaining compliance with the Nasdaq Requirements within the allotted time period.

Forward-Looking

Statements

This

Current Report on Form 8-K contains forward-looking statements within the “safe harbor” provisions of the Private Securities

Litigation Reform Act of 1995. All statements other than those that are purely historical are forward-looking statements. Words such

as “expect,” “anticipate,” “believe,” “estimate,” “intend,” “plan,”

“project,” and similar expressions also identify forward looking statements. Forward-looking statements include, but are

not limited to statements concerning: (i) the Class A Common Stock continuing to trade on The Nasdaq Capital Market, subject to the Company’s

compliance with the other continued listing requirements; and (ii) the Company’s intention to implement the Compliance Plan, including

by effecting equity financing and/or debt conversion arrangements or similar transactions. All forward-looking statements involve significant

risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements,

many of which are generally outside of the Company’s control and are difficult to predict. Examples of such risks and uncertainties

include, but are not limited to: the Company’s ability to regain compliance with the Nasdaq Requirements, including the Company’s

ability to obtain additional equity and/or debt financing or similar transactions, or otherwise maintain compliance with any other continued

listing requirement of The Nasdaq Capital Market. Additional information regarding risks and uncertainties associated with the Company’s

business and a discussion of some of the factors that may cause actual results to differ materially from the results expressed or implied

by such forward-looking statements can be found in the Company’s filings with the Securities and Exchange Commission (the “SEC”),

including the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of

Operations” sections of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, as well as

in its subsequent filings with the SEC. These forward-looking statements are based on information as of the date hereof, and the Company

assumes no obligation to publicly update or revise its forward-looking statements even if experience or future changes make it clear

that any projected results expressed or implied therein will not be realized.

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:

May 27, 2026

By:

/s/

Hai Shi

Name:

Hai

Shi

Title:

Founder,

Chief Executive Officer, Chief Strategy Officer and Chairman of the Board of Directors

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