Snail (SNAL) Registration Filing summary

Company overview and business model

• Operates as a global independent developer and publisher of interactive digital entertainment, focusing on premium games for consoles, PCs, and mobile devices.

• Generates the majority of revenue from the ARK franchise, a leader in the sandbox survival genre with over 92.7 million installs through June 30, 2024.

• Leverages proprietary technology, including a game engine and advanced server tech, and integrates AI into game development.

• Maintains strategic relationships with studios like Studio Wildcard and Suzhou Snail, and distributes primarily through third-party platforms such as Steam, Xbox, PlayStation, and mobile app stores.

• Pursues growth through content strategy, expanding its game pipeline, and investing in media and eSports content.

Financial performance and metrics

• As of September 10, 2024, the last sale price per share of Class A common stock on Nasdaq was $0.8201.

• Aggregate market value of outstanding Class A common stock held by non-affiliates is $7,386,876, based on 8,029,213 shares at $0.92 per share.

• Sold 47.6 million units between January 1, 2016 and June 30, 2024.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used primarily for working capital and general corporate purposes.

• Specific uses for proceeds from any offering will be detailed in the applicable prospectus supplement.