Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTProactiveWed, July 1, 2026 at 2:52 PM GMT+2 1 min readSnail sets 1-for-5 reverse stock split Proactive uses images sourced from ShutterstockSnail Inc (NASDAQ:SNAL), the video game developer and publisher, will carry out a 1-for-5 reverse stock split, investors were told.The move is intended to help the company regain compliance with Nasdaq's requirement that listed shares maintain a minimum bid price of at least $1.The split becomes effective at 11.59 pm Eastern Time on 2 July, with the shares trading on a split-adjusted basis from the market open on 6 July.The Class A stock will continue to trade under the symbol SNAL.The split will reduce the company's Class A shares to roughly 3.1 million from around 15.5 million, and its Class B shares to roughly 5.7 million from around 28.7 million.Each shareholder's ownership percentage will remain unchanged, aside from the effect of fractional shares.Holders otherwise entitled to a fractional share will instead receive a cash payment based on the average closing price over the ten days before the split takes effect.The company said the split would also make the share price more attractive to a broader group of institutional and retail investors.Holders of 95% of Snail's voting power approved a split within a range of 1-for-2 to 1-for-10 in June, leaving the board to set the final ratio.Terms and Privacy PolicyEU DSA contactPrivacy & Cookie SettingsMore Info