Issuers.ai is not a broker dealer

This disclaimer explains the limits of what the issuers.ai service (the "Service") does. It is published by the administrator of the issuers.ai service ("we", "us"). It applies to the website, the application, the sample brief and every output of the Service, and it forms part of our terms of service.

Software for issuers only

The Service is software that companies, funds and other issuers of securities use to organise their own investor relations, capital raising and disclosure work. Our customers are issuers and the people who work for them. We do not act for investors and we do not act for issuers in their dealings with investors.

Using the Service does not create any advisory, agency, fiduciary or intermediary relationship between us and the customer, or between us and any investor, fund or other person whose information appears in the Service.

Not a broker dealer or intermediary

We are not a broker dealer, placement agent, underwriter, funding portal, exchange, alternative trading system, transfer agent, investment adviser or any other regulated intermediary, in the United States, the European Union or elsewhere. We are not registered as any of these.

• We do not offer, place, sell, distribute or solicit orders for securities.
• We do not introduce investors to issuers for compensation and we do not receive transaction based compensation of any kind.
• We do not handle investor funds or securities, hold client money, or settle transactions.
• We do not negotiate the terms of any offering or decide who may invest.

Features such as investor targeting, outreach sequences, data rooms and the offering workspace are tools the issuer uses itself. Every message is written or approved and sent by the issuer, from the issuer's own mailbox connection.

No investment, legal or tax advice

Nothing in the Service, on this website or in any brief, draft, summary, score, comparison or answer produced by the Service is investment advice, a recommendation to buy, sell or hold any security, an offer or solicitation, or legal, regulatory, accounting or tax advice.

Fit scores in investor targeting rank investors by public information such as stated mandate, size, sector and past participation. They are an organising aid for the issuer, not an assessment of whether an investment is suitable for anyone. Debt comparables and peer multiples are information, not pricing recommendations.

Issuers should rely on their own counsel, auditors, arrangers and advisers for decisions about disclosure, offerings, investor eligibility and compliance.

The issuer is responsible for its content

The customer is solely responsible for everything it publishes, files, sends or shares through the Service or with the help of the Service, including announcements, IR website pages, emails to investors, data room documents, meeting talking points and statements in calls and meetings.

This includes responsibility for accuracy and completeness, for compliance with securities laws and listing rules (for example Regulation FD in the United States and the EU Market Abuse Regulation), for the timing of disclosure, for restrictions on who may receive offering materials, and for the content of any outreach under the rules that apply to the offering.

Market data and sources

Market and company data in the Service comes from public sources, such as filings on SEC EDGAR, and from licensed data sources. Each figure shows its source and the date it refers to, so you can check it against the original.

Data may be delayed, incomplete or contain errors made by the original source or in processing. Holdings reported on Form 13F, for example, show positions at quarter end and are filed weeks later. We do not guarantee the accuracy, completeness or timeliness of any data. Check figures against the source before relying on them in anything you publish.

AI generated content

Issuer Copilot and other AI features produce drafts: briefs, scripts, likely questions, summaries, announcement drafts, teasers and letters. AI output can be wrong, incomplete or out of date, even when it cites a source. Every output is a draft for review by a qualified person in your organisation before use.

The sample brief on the homepage is built from public data only. It is a demonstration of the product and not an analysis of the company for any investment purpose.

Compliance features support your controls

The disclosure calendar, approval steps, material event log, insider lists, interaction log and flags for potential material non-public information help your team operate its own controls. They do not replace them.

A flag does not mean information is material, and the absence of a flag does not mean it is not. Deadlines in the calendar are the dates your team enters or confirms. The decision whether information is inside information, whether disclosure may be delayed and when and how to disclose always rests with the issuer.

Offerings and investor contact

Offerings are subject to rules on who may be contacted, how and with what materials. Examples include the registration requirements of the US Securities Act and exemptions such as Regulation D, Rule 144A and Regulation S, as well as prospectus and marketing rules in the EU and other markets.

The Service lets you tag offerings and investors and limit outreach and data room access accordingly, but it does not determine whether an exemption applies, whether an investor is eligible, or whether a communication is permitted. Your counsel decides those questions.

Tokenized assets

The Service does not issue, offer, trade or hold tokenized securities or any digital assets. Any future support for tokenized assets would be offered only through licensed partners and under separate terms.

Sample data and examples

Product screens, tables and figures on this website use sample data. Names such as Northwind Industrial and the fund names shown are fictional. Worked examples, such as the return on investment example on the pricing page, are illustrations based on stated assumptions and are not results we measured or promise.

Jurisdictions

Laws on disclosure, offerings and investor communication differ by country and market. Information on this website about regulations is general and may not reflect the rules that apply to you or recent changes. Nothing on this website is an offer of any service in a jurisdiction where that offer would be unlawful.

Contact

Questions about this disclaimer go to the administrator of the issuers.ai service at [email protected].