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Disclaimer

Effective Date: June 7, 2026  |  Last Updated: June 7, 2026

This Disclaimer applies to Lemma Capital’s website, newsletters, research platform, subscription products, dashboards, model portfolio materials, community features, emails, and other services collectively referred to as the “Services.”

By using the Services, you acknowledge that you have read this Disclaimer.

1. General Information Only

The Services are provided for informational, educational, and research purposes only.

Nothing in the Services is personalized investment advice, financial advice, legal advice, tax advice, accounting advice, or any other professional advice.

You should not rely on the Services as the sole basis for any investment, financial, legal, tax, or business decision.

2. No Investment Adviser or Broker-Dealer Relationship

Lemma Capital is not a registered investment adviser, broker-dealer, portfolio manager, or financial adviser.

Your use of the Services does not create an advisory, fiduciary, brokerage, client, agency, or portfolio management relationship between you and Lemma Capital.

Lemma Capital does not manage client assets, execute trades, custody funds or securities, or make suitability determinations for subscribers.

3. No Personalized Advice

Our research, strategy notes, model portfolios, dashboards, company analysis, rankings, scores, watchlists, valuation scenarios, and other materials are provided on a general and impersonal basis.

They are not tailored to any subscriber’s portfolio, financial situation, investment objectives, risk tolerance, tax circumstances, liquidity needs, or personal needs.

You are solely responsible for deciding whether any investment, security, strategy, or transaction is appropriate for you.

4. Model Portfolios and Strategy Materials

Any model portfolio, illustrative portfolio, strategy framework, allocation, weight, rebalance, change log, or similar material reflects Lemma Capital’s general research views.

Such materials are not recommendations that any individual subscriber buy, sell, hold, short, overweight, underweight, or otherwise transact in any security.

Actual investment results may differ materially from any model portfolio, strategy framework, valuation scenario, or illustrative analysis.

5. No Offer or Solicitation

Nothing in the Services is an offer to sell, a solicitation to buy, or a recommendation of any security, financial instrument, fund interest, advisory service, managed account, or investment product.

The Services are not intended for use in any jurisdiction where such use would be unlawful or would require registration, licensing, authorization, or approval that Lemma Capital has not obtained.

6. Investment Risks

Investing involves risk, including the possible loss of principal.

Equities, growth companies, technology companies, early-stage companies, private companies, and innovation-driven businesses may be volatile, speculative, illiquid, or highly uncertain.

Past performance does not guarantee future results. You may lose some or all of your investment.

7. Accuracy of Information

The Services may include information from public filings, company disclosures, market data, third-party sources, news sources, artificial intelligence tools, and internal analysis.

Lemma Capital seeks to use sources it believes to be reliable, but does not guarantee the accuracy, completeness, timeliness, reliability, or availability of any information.

Information may be incorrect, incomplete, outdated, or subject to revision without notice.

8. Forward-Looking Statements and Valuation Scenarios

The Services may contain forecasts, projections, estimates, expectations, assumptions, scenarios, valuation models, market size estimates, implied returns, or other forward-looking statements.

These materials are hypothetical and uncertain. Actual results may differ materially.

Valuation scenarios should not be interpreted as predictions, guarantees, price targets, or personalized investment recommendations.

9. Performance Information

Any performance information shown through the Services may be hypothetical, backtested, model-based, unaudited, gross of fees, net of fees, or calculated using assumptions.

Hypothetical and backtested performance has significant limitations and does not reflect all real-world trading conditions, including liquidity, taxes, fees, commissions, slippage, timing, and behavioral factors.

Past, hypothetical, backtested, or model performance does not guarantee future results.

10. Conflicts of Interest

Lemma Capital, its owners, employees, contractors, affiliates, or related persons may hold positions in securities, companies, funds, or assets discussed in the Services.

They may buy, sell, increase, decrease, or otherwise change such positions without notice.

These activities may create conflicts of interest. Users should assume that Lemma Capital or related persons may have financial interests in securities or companies discussed.

11. Artificial Intelligence and Data Tools

Lemma Capital may use artificial intelligence, automation, machine learning, data processing tools, or third-party software to support research, analysis, screening, ranking, summarization, and content creation.

AI-assisted outputs may contain errors, omissions, outdated information, or unsupported assumptions and should not be relied upon as investment advice.

12. No Duty to Update

Information in the Services may be updated, modified, removed, or replaced at any time without notice.

Lemma Capital has no obligation to update any research, model portfolio, thesis, scenario, ranking, score, or other content after publication.

13. User Responsibility

You are solely responsible for:

You should never invest money you cannot afford to lose.

14. Restricted Jurisdictions

The Services are not directed to any person in any jurisdiction where access to or use of the Services would require Lemma Capital to obtain registration, licensing, authorization, or regulatory approval that it has not obtained.

Lemma Capital may restrict, suspend, or terminate access to users in certain jurisdictions at its discretion.

15. Third-Party Links and Services

The Services may include links, references, excerpts, or information from third-party websites, platforms, tools, or data providers.

Lemma Capital is not responsible for third-party content, accuracy, policies, availability, security, or practices.

16. Limitation of Liability

To the maximum extent permitted by law, Lemma Capital and its owners, employees, contractors, affiliates, service providers, and related persons shall not be liable for any losses or damages arising from or related to your use of the Services.

This includes, without limitation, investment losses, lost profits, lost opportunities, data loss, business interruption, or reliance on any information provided through the Services.

17. Changes to This Disclaimer

Lemma Capital may update this Disclaimer from time to time. The updated version will be marked with a new “Last Updated” date.

Your continued use of the Services after any update means you acknowledge the updated Disclaimer.

18. Contact Us

For questions about this Disclaimer, contact us at:

Lemma Capital LLC

Contact email: a.pisanov@lemmacap.com

Mailing address: 1111B S Governors Ave # 20084, Dover, Delaware 19904, USA