{"url_path":"/sec/snal/8-k/2026-06-03/item-5-07","section_key":"item-5-07","section_title":"Item 5.07 Submission of Matters to a Vote of Security Holders.**","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-03","source_url":"https://www.sec.gov/Archives/edgar/data/1886894/0001493152-26-027060-index.html","accession_number":"0001493152-26-027060","cik":"0001886894","ticker":"SNAL","issuer_name":"Snail, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1886894/0001493152-26-027060-index.html","primary_entity_key":"0001886894","primary_entity_name":"Snail, Inc."},"word_count":380,"has_tables":true,"body_markdown":"**Item\n5.07. Submission of Matters to a Vote of Security Holders.**\n\n \n\nOn\nJune 2, 2026 (the “Record Date”), a written consent (the “Written Consent”) was delivered to the Board of Directors\nof Snail, Inc. (the “Company”) from Hai Shi, the Company’s Founder, Chief Executive Officer, Chief Strategy Officer,\nand Chair of Board of Directors, and Ying Zhou, a member of the Board of Directors of the Company and the spouse of Hai Shi (together,\nthe “Majority Stockholders”), the holders of 95% of the voting power of the Company’s issued and outstanding Class\nA Common Stock, par value $0.0001 per share (the “Class A Common Stock”) and Class B Common Stock, par value $0.0001 per\nshare (the “Class B Common Stock” and together with the Class A Common Stock, the “Common Stock”). Pursuant to\nthe Written Consent, the Majority Stockholders approved an amendment (the “Amendment”) to the Company’s Amended and\nRestated Certificate of Incorporation to effect a reverse stock split (the “Reverse Stock Split”) with respect to the Company’s\nissued and outstanding shares of Common Stock, including stock held by the Company as treasury shares, at a ratio of 1-for-2 to 1-for-10\n(the “Range”), with the ratio within such Range to be determined at the discretion of the\nBoard of Directors and included in a public announcement, subject\nto the authority of the Board of Directors at its discretion to abandon the Amendment.\n\n \n\nThe\nCompany filed a preliminary Information Statement on Schedule 14C with the U.S. Securities and Exchange Commission with respect to the\nmatter approved by the Majority Stockholder (the “Preliminary Information Statement”) on June 2, 2026, and, as soon as it\nmay do so, expects to mail\na definitive Information Statement on Schedule 14C to its stockholders as of the Record Date. The Board of Directors may file the Amendment\nand implement the Reverse Stock Split no earlier than 20 days after such mailing.\nFurther detail regarding the Reverse Stock Split can be found in the preliminary Information\nStatement.\n\n \n\n \n\n \n\n \n\n**SIGNATURES**\n\n \n\nPursuant\nto the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its\nbehalf by the undersigned hereunto duly authorized.\n\n \n\n \n**SNAIL,\nINC.**\n\n \n \n \n\nDate:\nJune 3, 2026\nBy:\n*/s/\nHai Shi*\n\n \nName:\nHai\nShi\n\n \nTitle:\nChief\nExecutive Officer"}