• Snail stockholders holding about 95% of voting power executed written consents to amend the charter for a reverse stock split.
• Board authorized to set the final split ratio within a 1-for-2 to 1-for-10 range, with the same ratio for Class A and Class B.
• Reverse split targeted for Nasdaq $1 minimum bid compliance; action expected to become effective on or about July 2, 2026.
• Board can abandon the reverse split before filing the amendment; authority expires if not implemented within one year of approval.

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: 0001493152-26-028437), on June 12, 2026, and is solely responsible for the information contained therein.