Snail, Inc. (SNAL) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 13, 2026

Risk Assessment Details

Potential Dilution: 584.25% of current shares
Recent Dilution: 71.75% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
14M
Potential Supply
81M
Additional shares possible
Splits
None
Past 2 years

Summary

SNAL currently has 13.9M outstanding shares. with significant dilution risk as 81.1M authorized shares could dilute existing holders by 584.2%. The company has significantly diluted shareholders by 71.75% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 13, 2026

10-Q filing | 13.9M shares outstanding

14M 81M
Mar 19, 2026

10-K filing | 8.7M shares outstanding

8.7M 81M
Dec 19, 2025

S-1/A filing: This prospectus relates to the resale from time to time of up to an aggregate of 5,414,991 shares of the Class A common stock of Snail, Inc. by the Selling Stockholders.

9M 81M
Nov 12, 2025

10-Q filing | 8.8M shares outstanding

8.8M 76M
Oct 30, 2025

8-K filing: Snail, Inc. entered into a securities purchase agreement with an accredited investor for the issuance of an unsecured convertible promissory note in the aggregate principal amount of $2,200,000 with a purchase price of $2,000,000. ($2.0M proceeds)

8.4M 76M
May 14, 2025

10-Q filing | 8.4M shares outstanding

8.4M 76M
May 08, 2025

S-1 filing: This prospectus relates to the resale from time to time of up to an aggregate of 2,293,940 shares of the Class A common stock of Snail, Inc. by the Selling Stockholders.

8.5M 76M
Mar 26, 2025

10-K filing | 8.0M shares outstanding

8M 73M
Nov 13, 2024

10-Q filing | 8.0M shares outstanding

8M 73M
Sep 11, 2024

S-3 filing: S-3 Filing for Snail, Inc. indicating intent to offer and sell up to $50,000,000 of Class A common stock, preferred stock and debt securities.

8M 73M
Aug 13, 2024

10-Q filing | 8.0M shares outstanding

8M 12M
May 15, 2024

10-Q filing | 8.0M shares outstanding

8M 12M
Apr 01, 2024

10-K filing | 7.9M shares outstanding

7.9M 12M
Nov 14, 2023

10-Q filing | 7.9M shares outstanding

7.9M 12M
Oct 20, 2023

S-1/A filing: This S-1/A filing, dated October 20, 2023, relates to the offering of Class A common stock by selling stockholders. It includes the offering of 10,675,308 shares of Class A Common Stock and 4,418,460 Shares of Class A Common Stock Issuable Upon Exercise of Warrants, as well as additional shares issuable under an equity line, warrants issued to Alumni Capital LP, and shares issuable upon conversion of convertible notes and warrants issued in connection with the Crom and Jefferson notes.

7.9M 12M
Oct 12, 2023

S-1/A filing: The filing relates to the potential offering and sale of up to 15,093,768 shares of Class A common stock by selling stockholders. The company will not receive any proceeds from the sale of shares by the selling stockholders.

7.9M 18M
Sep 21, 2023

S-1 filing: S-1 filing for offering of 8,913,312 shares of Class A common stock by selling stockholders.

7.9M 12M
Aug 30, 2023

8-K filing: Snail, Inc. entered into a Securities Purchase Agreement for a Convertible Note Financing and an Equity Line Purchase Agreement, selling notes convertible into Class A common stock and warrants, and up to $5,000,000 of shares of common stock with warrants.

7.9M 3.1M
Aug 14, 2023

10-Q filing | 7.9M shares outstanding

7.9M 3.1M
May 15, 2023

10-Q filing | 28.7M shares outstanding

29M 3.1M
Mar 29, 2023

10-K filing | 0.5M shares outstanding

500K 3.1M
Dec 15, 2022

10-Q filing | 0.5M shares outstanding

500K 3.1M
Nov 04, 2022

S-1/A filing: Snail, Inc. is offering 3,000,000 shares of its Class A common stock in its initial public offering, and will also issue warrants to the underwriters to purchase shares of Class A common stock.

38M 3.1M
Oct 26, 2022

S-1/A filing: Snail, Inc. is offering 3,000,000 shares of Class A common stock in its initial public offering, with an expected price between $4.00 and $6.00 per share, and will issue warrants to the underwriters to purchase 120,000 shares of Class A common stock.

38M 3.6M
Oct 17, 2022

S-1/A filing: Snail, Inc. is offering 5,000,000 shares of its Class A common stock in its initial public offering and will also issue warrants to the underwriters to purchase 200,000 shares of Class A common stock.

50M 5.2M
Sep 16, 2022

S-1 filing: S-1 filing for an initial public offering of Class A common stock and registering the issuance of shares upon exercise of warrants.

N/A 0
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