Embarc

Terms Of Service

Effective September 30, 2026

1. Terms

Embarc and its affiliates (the "Company") provide a variety of products, services, information, and data that may be made available through the web sites (like embarc.com), printed publications, and other means (collectively referred to as the “Services”).

By accessing our website (the "Site"), you are agreeing to be bound by these terms of service, all applicable laws and regulations, and agree that you are responsible for compliance with any applicable local laws. If you do not agree with any of these terms, you are prohibited from using or accessing Embarc. The materials contained in Embarc are protected by applicable copyright and trademark law.

2. Use License

(a) Public pages. Permission is granted to view the parts of the Site available without a subscription for personal, non-commercial, transitory viewing only. This is the grant of a license, not a transfer of title, and under this license you may not:

  1. modify or copy the materials;
  2. use the materials for any commercial purpose, or for any public display (commercial or non-commercial);
  3. attempt to decompile or reverse engineer any software contained in the website or related apps;
  4. remove any copyright or other proprietary notations from the materials; or
  5. transfer the materials to another person or “mirror” the materials on any other server.

(b) Subscriptions. A paid subscription grants the individual person whose account holds it (the “Subscriber”) a non-exclusive, non-transferable, revocable license to access the dashboard and use its Content for the Subscriber’s own purposes, commercial purposes included — for example the Subscriber’s own research, investment decisions and business development. The license is for the Subscriber alone and does not extend to any other person, including the Subscriber’s employer, colleagues or clients, each of whom needs a subscription of their own. Under this license the Subscriber may not:

  1. share the account or its credentials, or let any other person use the Services through it;
  2. scrape, crawl or otherwise extract or download the Content by automated means, other than through features the Company provides for that purpose — such as its connectors for AI assistants — and then only within the limits those features set;
  3. copy, transfer, load or synchronize the Content, or any part of it, into another database, system, application or service, other than an AI assistant the Subscriber uses personally through a connector the Company provides;
  4. use the Content to train, fine-tune or evaluate any machine-learning or artificial-intelligence model, or to build any dataset, index or embedding store;
  5. sell, resell, license, sublicense, publish, redistribute or otherwise provide the Content, or anything derived from it, to any person who is not a Subscriber, or reuse it on their behalf;
  6. attempt to decompile or reverse engineer any software contained in the website or related apps; or
  7. remove any copyright or other proprietary notations from the materials.

(c) Termination. These licenses terminate automatically if you violate any of these restrictions, and may be terminated by the Company at any time; a Subscriber’s license also ends when the subscription ends. Upon termination you must destroy any downloaded materials in your possession, whether in electronic or printed format.

3. Disclaimer

  1. The materials within the Site (the "Content") are provided on an 'as is' basis. The Company makes no warranties, expressed or implied, and hereby disclaims and negates all other warranties including, without limitation, implied warranties or conditions of merchantability, fitness for a particular purpose, or non-infringement of intellectual property or other violation of rights.
  2. The Company makes no warranty as to the safety, reliability, accuracy, timeliness, usefulness, adequacy, completeness or suitability of information on the Site or through the Services including but not limited to any of the data, research, information, charts, tools, rankings, financial information, and/or explanatory information.
  3. Further, the Company does not warrant or make any representations concerning the accuracy, likely results, or reliability of the use of the materials on its website or otherwise relating to such materials or on any sites linked to by the Site.

4. Limitations

In no event shall the Company or its suppliers be liable for any damages (including, without limitation, damages for loss of data or profit, or due to business interruption) arising out of the use or inability to use the Site, even if the Company or its authorized representative has been notified orally or in writing of the possibility of such damage. Because some jurisdictions do not allow limitations on implied warranties, or limitations of liability for consequential or incidental damages, these limitations may not apply to you.

5. Accuracy of materials

You understand the materials appearing in the Site could include technical, typographical, pricing, or photographic errors. The Company does not warrant that any of the materials on the Site are accurate, complete or current. The Company may make changes to the materials contained in the Site at any time without notice. However the Company does not make any commitment to update the materials.

6. Non-endorsement

The materials appearing in the Site should not be considered any kind of endorsement or investment advice.

You understand that the publishing of any of the Content on the Site does not constitute a recommendation that any particular company, investment, security, person, transaction, or investment strategy (collectively an “Investment”) is suitable for any specific person. You understand that neither the Company nor any of its employees, agents, or affiliates will advise you personally concerning the suitability, value, or risk factors of any particular Investments. To the extent any of the Content is deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person. Investment trading involves high degree of risk and volatility. Past results are not an indication of future performance.

You understand that the authors of the Content and owners, agents, employees, and affiliates of the Company may hold positions in Investments referenced in the Content and may trade in and out of their positions at any time. You understand that the performance data of any Investment referenced in the Content is supplied by sources believed to be reliable, that the calculation therein are made using such data, and that such calculations are not guaranteed by these sources or the Site, and that the data and calculations may not be complete or accurate.

7. Nature of the Services

The Services publish information obtained from public filings with the U.S. Securities and Exchange Commission, together with the Company’s own analysis of that information. The Company is not registered as, and does not act as, a broker-dealer, investment adviser, funding portal or exchange. No securities are offered, sold or arranged through the Services, and nothing in the Services is an offer to sell or a solicitation of an offer to buy any security. The Content is published to all users on the same terms and is not personalized advice. See the Disclosures, which form part of these terms.

8. No relationship with issuers

The Company does not accept compensation from any company, fund or offering referenced in the Content for its inclusion, placement, ranking or coverage, and does not receive compensation that depends on any transaction in securities. The inclusion of any company, offering or person in the Content is not an endorsement or recommendation, and the Company cannot introduce you to, or put you in contact with, any of them.

9. Derived information and automated answers

Parts of the Content are derived by the Company from filings — including valuations, returns, deal terms, lifecycle stages, rankings and the matching of persons and companies across filings — and parts are produced by automated or AI-assisted features, including answers provided to AI assistants through the Company’s connectors. Derived and automated Content may be incomplete or incorrect and is not a statement by any filer. You are responsible for verifying any Content against the underlying filings before relying on it.

10. Acceptable use

You may not use the Services or the Content to offer or sell securities, to solicit investors for any offering, or to represent that you are associated with, or acting for, any issuer referenced in the Content. You may not present the Content, or any part of it, in a way that suggests the Company endorses, recommends or is offering any security or investment.

11. Links

The Company has not reviewed all of the sites linked to its app and is not responsible for the contents of any such linked site. The inclusion of any link does not imply endorsement by the Company of the site. Use of any such linked website is at the user's own risk.

12. Modifications

The Company may revise these terms of service for its app at any time without notice. By using the Site or Services you are agreeing to be bound by the then current version of these terms of service.

13. Arbitration

YOU AND THE COMPANY AGREE THAT, EXCEPT AS MAY OTHERWISE BE PROVIDED IN REGARD TO SPECIFIC SERVICES ON THE SITE IN ANY SPECIFIC TERMS APPLICABLE TO THOSE SERVICES, THE SOLE AND EXCLUSIVE FORUM AND REMEDY FOR ANY AND ALL DISPUTES AND CLAIMS RELATING IN ANY WAY TO OR ARISING OUT OF THESE TERMS OF USE, THE SITE AND/OR THE SERVICES (INCLUDING YOUR VISIT TO OR USE OF THE SITE AND/OR THE SERVICE) SHALL BE FINAL AND BINDING ARBITRATION, except that: (a) to the extent that either you or the Company has in any manner infringed upon or violated or threatened to infringe upon or violate the other party’s patent, copyright, trademark or trade secret rights, or you have otherwise violated any of the user conduct rules set forth above or in the above section titled “Code of Conduct,” then the parties acknowledge that arbitration is not an adequate remedy at law and that injunctive or other appropriate relief may be sought; and (b) no disputes or claims relating to any transactions you enter into with a Third-Party may be arbitrated. Arbitration under these Terms of Use shall be conducted by the American Arbitration Association (the “AAA”) under its Commercial Arbitration Rules and, in the case of consumer disputes, the AAA’s Supplementary Procedures for Consumer Related Disputes (the “AAA Consumer Rules”) (collectively the “AAA Rules”). The location of the arbitration and the allocation of costs and fees for such arbitration shall be determined in accordance with such AAA Rules and shall be subject to the limitations provided for in the AAA Consumer Rules (for consumer disputes). If such costs are determined to be excessive in a consumer dispute, the Company will be responsible for paying all arbitration fees and arbitrator compensation in excess of what is deemed reasonable. The arbitrator’s award shall be binding and may be entered as a judgment in any court of competent jurisdiction. To the fullest extent permitted by applicable law, NO ARBITRATION OR CLAIM UNDER THESE TERMS OF USE SHALL BE JOINED TO ANY OTHER ARBITRATION OR CLAIM, INCLUDING ANY ARBITRATION OR CLAIM INVOLVING ANY OTHER CURRENT OR FORMER USER OF THE SERVICE, AND NO CLASS ARBITRATION PROCEEDINGS SHALL BE PERMITTED. In no event shall any claim, action or proceeding by you related in any way to the Site and/or the Services (including your visit to or use of the Site and/or the Service) be instituted more than three (3) years after the cause of action arose.

14. Governing Law

These terms and conditions are governed by and construed in accordance with the laws of California and you irrevocably submit to the exclusive jurisdiction of the courts in that State or location.