{"url_path":"/sec/snal/8-k/2026-05-21/item-8-01","section_key":"item-8-01","section_title":"Item 8.01 Other Events.**","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-05-21","source_url":"https://www.sec.gov/Archives/edgar/data/1886894/0001493152-26-024701-index.html","accession_number":"0001493152-26-024701","cik":"0001886894","ticker":"SNAL","issuer_name":"Snail, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1886894/0001493152-26-024701-index.html","primary_entity_key":"0001886894","primary_entity_name":"Snail, Inc."},"word_count":341,"has_tables":true,"body_markdown":"**Item\n8.01. Other Events.**\n\n \n\nOn\nMay 20, 2026, Snail, Inc., a Delaware corporation (the “Company”) filed an Amendment No. 1 (“Amendment No. 1”)\nto its prospectus supplement, dated August 7, 2025, and the accompanying base prospectus, dated September 20, 2024, contained therein\n(the “ATM Prospectus Supplement”) to increase the capacity of its existing “at-the-market” offering program (the\n“ATM”) to $3,660,000 of shares (the “Shares”) of Class A Common Stock, par value $0.0001 per share (the “Class\nA Common Stock”), which does not include the shares of Class A Common Stock having an aggregate sales price of $4,367,863 that\nwere sold pursuant to the ATM Prospectus Supplement prior to the filing of Amendment No. 1. While the filing of Amendment No. 1 increases\nthe available capacity under the ATM, the Company is under no obligation to issue any Shares pursuant to the program. The expanded facility\nis intended to enhance the Company’s financial flexibility, providing an efficient mechanism to access capital if, and when, deemed\nappropriate. Any utilization of the ATM will be at the discretion of the Company, taking into account prevailing market conditions and\nstrategic priorities.\n\n \n\nAs\npreviously disclosed, the ATM is conducted pursuant to the at the market offering agreement (the “Offering Agreement”), dated\nAugust 7, 2025 by and among the Company and H.C. Wainwright & Co. LLC (the “Sales Agent”). There can be no assurance\nthat the Sales Agent will be able to complete future placements pursuant to the Offering Agreement, even if instructed to do so. The\nnumber of Shares that the Company may ultimately sell under the Offering Agreement, if it chooses to do so, will fluctuate based on a\nnumber of factors, including the market price of its common stock during the sales period, the limits it may set in any instruction to\nsell Shares, and the demand for its common stock during an applicable sales period.\n\n \n\nAttached\nhereto as Exhibit 5.1 to this Current Report is the opinion of Blank Rome LLP relating to the legality of the issuance and sale of the\nShares."}