Snail files draft information statement for potential reverse stock split

• Snail shareholders authorized a charter amendment for a reverse stock split of Class A common stock and Class B common stock.
• Split ratio set within a 1-for-2 to 1-for-10 range, with the board selecting the final ratio or dropping the transaction.
• Record date was June 2, 2026; shares outstanding totaled 14,918,935 Class A and 28,748,580 Class B.
• The move targets a higher Class A share price following a Nasdaq notice dated Dec. 30, 2025 tied to the $1 minimum bid rule.
• No fractional shares would be issued; holders would receive cash based on the 10-day average closing price before effectiveness.

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: 0001493152-26-026913), on June 02, 2026, and is solely responsible for the information contained therein.