IPO - Snail, Inc.

Form Type: S-1

Filing Date: 2025-05-08

Corporate Action: Ipo

Type: New

Accession Number: 000164117225009105

Filing Summary: Snail, Inc. is filing a registration statement for an initial public offering (IPO) of 2,293,940 shares of Class A common stock at a par value of $0.0001 per share. The shares are intended for resale by Selling Stockholders, who are participating in a private placement offering where they agreed to purchase convertible promissory notes totaling $3,300,000. The Selling Stockholders, Crom Structured Opportunities Fund I, LP and Jefferson Street Capital LLC, will receive shares upon the conversion of these notes. This filing is part of an emerging growth company's strategy to expand its presence in the gaming industry, where it has seen significant growth through successful titles like ARK: Survival Evolved. The prospectus highlights the company's plans to invest in technology and innovation in game development, while discussing risks and the market dynamics affecting its operations and future growth potential. The shares will be sold at market prices and the document emphasizes the company's compliance with reduced public company disclosure requirements under SEC rules.