Vol. 1 · Issue 01 · May 2026 · New York, NY Independent Research · No Paid Promotion · About

Disclaimer & 17(b) Disclosures.

The following terms apply to all SmallCap Ideas research reports, company profiles, articles, presentations, and any other materials published on smallcapideas.com or under the SmallCap Ideas brand.

Last updated · May 10, 2026

General Disclaimer

SmallCap Ideas research reports, company profiles, and other investor relations materials, publications, or presentations, including web content, are based on data obtained from sources we believe to be reliable but are not guaranteed as to accuracy and are not purported to be complete. As such, the information should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed in SmallCap Ideas reports, company profiles, or other investor relations materials and presentations are subject to change.

SmallCap Ideas and its affiliates may, from time to time, buy and sell shares of securities or options of the issuers mentioned on this website at any time.

Section 17(b) Disclosures

SmallCap Ideas Visibility is a division of SmallCap Ideas, Inc. and offers research services to paying clients. In the purview of Section 17(b) of the Securities Act of 1933, and in the interest of full disclosure, we call the reader's attention to the fact that SmallCap Ideas, Inc. is an investor relations firm that may be hired by certain companies to increase investor awareness within the small-cap and microcap equity community.

Where coverage of a specific issuer is sponsored, paid for, or otherwise compensated, that fact will be clearly and conspicuously disclosed on the report itself. Where no such disclosure appears, no compensation was received from the issuer for that specific piece of coverage.

17(b) Disclosure Listing

Please see below for a current list of our 17(b) disclosures, in accordance with the SEC rule:

This list is current as of the "last updated" date shown above and will be updated as new coverage is published. Associates and employees of SmallCap Ideas, Inc. may, from time to time, trade securities of client companies and companies covered by research published in SmallCap Ideas reports and related publications. Public disclosure, by any means, of future coverage, ratings changes, and/or changes in earnings estimates prior to publication is prohibited.

Risk Disclosure

Stock market investing is inherently risky. The companies covered by SmallCap Ideas are small-cap and microcap public companies. Small-cap and microcap securities are subject to significantly greater volatility, liquidity risk, and information risk than securities of larger, more established companies. Past performance is not indicative of future results. There is no guarantee that any investment strategy will achieve its objectives.

SmallCap Ideas is not responsible for any gains or losses that result from the opinions expressed on this website, in its research reports, company profiles, or in other investor relations materials or presentations that it publishes electronically or in print. Readers and investors should be prepared to lose their entire investment in any small-cap or microcap security.

Conduct Your Own Research

We strongly encourage all investors to conduct their own research before making any investment decision. This includes reviewing the issuer's filings with the U.S. Securities and Exchange Commission, evaluating the issuer's audited financial statements, considering the risks identified in the issuer's risk-factor disclosures, and consulting with a qualified investment professional, broker, or financial advisor.

For more information on stock market investing, visit the U.S. Securities and Exchange Commission ("SEC") at www.sec.gov and/or the Ontario Securities Commission ("OSC") at www.osc.gov.on.ca. For background on broker-dealers and investment professionals, the Financial Industry Regulatory Authority operates BrokerCheck at brokercheck.finra.org.

Trading Disclosures

SmallCap Ideas does not provide individualized investment advice. Nothing on this website constitutes a recommendation to buy, sell, or hold any security. SmallCap Ideas is not a registered investment adviser, broker-dealer, securities analyst, or financial planner.

Associates and employees of SmallCap Ideas, Inc. may, from time to time, hold long or short positions in the securities of companies covered. Where a specific position is held by the author of a report or by SmallCap Ideas, that position will be disclosed on the report itself.

Forward-Looking Statements

Research reports and company profiles published by SmallCap Ideas may contain forward-looking statements made by the issuers being covered. These statements reflect management's current views about future events and are subject to risks, uncertainties, and assumptions identified in the issuer's filings with the Securities and Exchange Commission. Actual results may differ materially from forward-looking statements. SmallCap Ideas does not undertake any obligation to update forward-looking statements after publication.

Third-Party Information

SmallCap Ideas reports reference third-party data sources, including but not limited to: SEC filings (EDGAR), GlobeNewswire, Yahoo Finance, CNBC, Investing.com, Robinhood, Stock Analysis, Stock Titan, TradingView, and third-party analyst reports. SmallCap Ideas does not endorse, warrant, or guarantee the accuracy of third-party information, and accessing third-party websites linked from smallcapideas.com is at the reader's own risk. Trademarks, ticker symbols, and product names referenced are the property of their respective owners.

Updates to This Disclaimer

SmallCap Ideas reserves the right to update, modify, or change this disclaimer at any time without prior notice. The "last updated" date at the top of this page reflects the most recent revision. Continued use of smallcapideas.com following any changes constitutes acceptance of the revised disclaimer.

Contact

For questions about this disclaimer or any specific disclosure on a SmallCap Ideas report, contact us at editorial@smallcapideas.com.

Subscribe

Get every SmallCap Idea report the day it goes live.

One email per issue. Featured reports, the catalyst calendar, and the names
we're watching across all ten sectors. Free. No issuer paid us to send it.