Snail effects 1-for-5 reverse stock split to boost Nasdaq bid price compliance efforts
PUBT · 07/01 12:32
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- Snail will execute a 1-for-5 reverse stock split, effective 11:59 p.m. ET on July 2.
- Class A shares will begin trading on a split-adjusted basis on Nasdaq on July 6 under ticker SNAL.
- Outstanding Class A shares will drop to about 3,093,778 from about 15,468,890; Class B to about 5,749,716 from about 28,748,580.
- Move targets Nasdaq’s $1 minimum bid-price rule as the company seeks to regain listing compliance.
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 GlobeNewswire (Ref. ID: 202607010830PRIMZONEFULLFEED9755454) on July 01, 2026, and is solely responsible for the information contained therein.
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