CULVER
CITY, Calif., Oct. 21,
2024 /PRNewswire/ -- Snail, Inc. (Nasdaq: SNAL)
("Snail Games" or the "Company"), a leading global independent
developer and publisher of interactive digital entertainment,
announced today that the Company received written notice from the
staff of the Listing Qualifications Department (the "Staff") of The
Nasdaq Stock Market LLC ("Nasdaq") informing the Company that it
has regained compliance with the minimum bid price requirement
under Nasdaq Listing Rule 5550(a)(2) for continued listing on The
Nasdaq Capital Market. To regain compliance with Nasdaq Listing
Rule 5550(a)(2), the Company was required to maintain a minimum
closing bid price for its Class A common stock of $1.00 per share or more for at least ten (10)
consecutive business days.
On October 18, 2024, Nasdaq
notified the Company that for ten (10) consecutive business days,
from October 4, 2024, to October 17, 2024, the closing bid price of the
Class A common stock has been at $1.00 per share or greater. Accordingly, the
Staff informed the Company that it has regained compliance with the
minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2)
and this matter is now closed.
About Snail, Inc. https://snail.com/
Snail Games is a leading, global independent developer and
publisher of interactive digital entertainment for consumers around
the world, with a premier portfolio of premium games designed for
use on a variety of platforms, including consoles, PCs and mobile
devices.
Contacts:
Investors:
investors@snail.com
Press:
media@snail.com
View original
content:https://www.prnewswire.com/news-releases/snail-games-regains-compliance-with-nasdaq-minimum-bid-price-requirement-302281041.html
SOURCE Snail, Inc.