Snail, Inc.

Snail, Inc. announced a 1-for-5 reverse stock split for its Class A and Class B Common Stock, effective July 2, 2026. The Class A Common Stock will begin trading on a split-adjusted basis on Nasdaq on July 6, 2026, under the existing symbol "SNAL". This action is primarily aimed at regaining compliance with the Nasdaq Capital Market's minimum bid price requirement of $1.00 per share and making the stock more attractive to investors. The split will proportionally reduce the number of outstanding shares, and stockholders entitled to fractional shares will receive a cash payment.

Snail, Inc. announced significant updates to its product portfolio, including the launch of "PixARK: Terracrypt," the first paid DLC for PixARK, which adds over 200 hours of new content. The company is also participating in the 2026 Steam Summer Sale, offering substantial discounts on titles like PixARK (43% off), ARK: Survival Ascended (75% off), and Bellwright (66% off). Bellwright continues to perform strongly on consoles, achieving a top 5 ranking among paid games on Xbox. Snail reiterated its commitment to supporting its game portfolio with regular content updates, platform expansion, and new releases, including "ARK: Genesis Ascended Part 1" and "ARK Tides of Fortune" scheduled for July 2, 2026.

Snail, Inc. provided an update on its game portfolio, announcing PixARK: Terracrypt, the first paid DLC expansion for PixARK, which will introduce over 200 hours of gameplay and 80 new creatures. The company is also participating in the 2026 Steam Summer Sale, offering significant discounts on titles like PixARK (57% off), ARK: Survival Ascended (75% off), and Bellwright (34% off). Bellwright continues to gain momentum, reaching the Top 5 Paid Games on Xbox and maintaining positive user reviews across platforms.

Snail, Inc. announced the launch of its successful open-world RPG, Bellwright, on PlayStation and Xbox, significantly expanding its multi-platform distribution. The game has already achieved over 1 million lifetime units sold and 46.4 million playtime hours on Steam Early Access, earning a 'Very Positive' rating. The company also highlighted its strong presence at IGN Live 2026, showcasing Bellwright and the ARK franchise, including a teaser for ARK Maker and updates on ARK: The Animated Series.

Snail, Inc. celebrated the 11th anniversary of its ARK series, highlighting strong commercial growth and an expanding content roadmap. In Q1 2026, ARK: Survival Evolved (ASE) sold approximately 573,000 units globally, while ARK: Survival Ascended (ASA) sold about 1.4 million units. The series also saw robust player engagement, with ASA's peak daily active users (DAU) reaching 188,000. Snail detailed an extensive content roadmap for 2026 and 2027, including new DLCs and creator-focused initiatives, reinforcing ARK as a long-term pillar.

Snail, Inc. is celebrating the 11-year anniversary of its ARK franchise, highlighting its continued commercial momentum and an expanding content roadmap. The franchise demonstrated strong performance in Q1 2026, with ARK: Survival Evolved selling 573,000 units and ARK: Survival Ascended selling 1.4 million units globally. Player engagement remains robust, and a multi-year content roadmap for 2026 and 2027, including new DLCs and creator initiatives, is set to extend the franchise's lifecycle.

Snail, Inc. received a Nasdaq deficiency letter on March 26, 2026, for failing to meet the minimum net income requirement and alternative listing standards, having reported net losses in 2023 and 2025. The company submitted a compliance plan on May 11, 2026, which Nasdaq accepted, granting an extension until September 22, 2026, to regain compliance. Failure to meet the requirements by the deadline could lead to the delisting of its Class A Common Stock, though the stock continues to trade without immediate effect.

Snail, Inc. (Snail Games) announced significant progress in its partnerships with three Polish game developers: Above The Desk, Donkey Crew, and Frozen Way Games. This collaboration aims to expand Snail Games' content pipeline and deepen its international development network. The company highlighted the success of "Bellwright," developed with Donkey Crew, which has sold over one million units in Steam Early Access. Snail Games is also actively extending its global distribution network into key emerging markets, including Latin America, reinforcing its commitment to a truly global development and publishing footprint.

Snail, Inc. and its subsidiary Wandering Wizard highlighted significant progress through existing partnerships with three Polish development teams: Above The Desk, Donkey Crew, and Frozen Way Games. These collaborations are expanding Snail Games' content pipeline and international development network, with Bellwright (developed with Donkey Crew) already selling over 1 million units globally in early access. The company is also actively pursuing a broader global expansion strategy, including exploring opportunities in Latin America, to access diverse development expertise and identify new publishing opportunities.

Snail, Inc. filed an amendment to its prospectus supplement, increasing the capacity of its existing "at-the-market" (ATM) offering program by $3,660,000. This new capacity is in addition to the $4,367,863 of Class A Common Stock already sold under the program. The expanded facility is intended to enhance the company's financial flexibility, providing an efficient mechanism to access capital at its discretion, based on market conditions and strategic priorities.