Nasdaq panel lets Snail Games keep listing conditionally, seeks $2.5 million stockholders’ equity compliance
SNAL•Compliance and disclosure requirements
The company must file timely public disclosure outlining the transactions used to restore compliance and indicating post-transaction equity.
Failure to meet the conditions within the prescribed period would trigger a Nasdaq delisting.
Nasdaq grants conditional listing relief
Nasdaq hearings panel granted a conditional decision to keep Snail’s Class A common stock listed on the Nasdaq Capital Market.
Continued listing hinges on regaining compliance with Nasdaq Listing Rule 5550(b) by reaching at least $2.5 million in stockholders’ equity.
