Snail, Inc. Amendment to ATM Offering Program
2026-05-21SEC Filing 8-K (0001493152-26-024701)
Snail, Inc. has filed an Amendment No. 1 to its prospectus supplement, increasing the capacity of its at-the-market (ATM) offering program to $3,660,000 of Class A Common Stock. This expansion aims to enhance the Company's financial flexibility, allowing it to access capital efficiently when deemed appropriate, though the Company is not obligated to issue any shares. The ATM is conducted under an agreement with H.C. Wainwright & Co. LLC as the Sales Agent. The number of shares ultimately sold will depend on market conditions, sales limits, and demand. The filing also includes an opinion from Blank Rome LLP regarding the legality of the shares issuance.
Ticker mentioned:SNAL
Source:Original SEC Document β