Snail gets Nasdaq deficiency notice, risks delisting over continued listing noncompliance

Reuters04-01

Snail gets Nasdaq deficiency notice, risks delisting over continued listing noncompliance

Snail received Nasdaq deficiency notice on March 26, 2026 for failing continued listing standards tied to net income from continuing operations for fiscal 2025.
Letter cited failure to meet USD 0.5 million net income test, with Snail reporting net income in 2024 and net losses in 2023 and 2025.
Nasdaq also flagged that Snail did not qualify under alternative standards based on market value of listed securities of at least USD 35 million or stockholders’ equity of at least USD 2.5 million.
Company has until May 11, 2026 to submit a compliance plan; Nasdaq can grant up to 180 days from letter date to regain compliance if plan is accepted.
Shares continue trading on Nasdaq Capital Market while Snail works on options that could include financing transactions.

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: 0001493152-26-014209), on March 31, 2026, and is solely responsible for the information contained therein.

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