Snail Inc. Secures $2.2 Million Through Convertible Note Offering

Reuters10-30

Snail Inc. Secures $2.2 Million Through Convertible Note Offering

Snail Inc. has announced it entered into a securities purchase agreement with an accredited investor for a private placement of an unsecured convertible promissory note totaling $2.2 million in principal amount, with a purchase price of $2 million reflecting a 10% original issuance discount. The note can be converted into Class A common stock at a price of $5.00 per share, subject to certain adjustments.

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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-25-020124), on October 30, 2025, and is solely responsible for the information contained therein.

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