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Disclosures

 

Last Updated: September 15, 2024

 

 

THESE ARE IMPORTANT LEGAL DISCLOSURES THAT ALL USERS OF BLACKLIGHT’S WEBSITE SHOULD READ.

 

 

This material has been compiled and presented as general information. The opinions and ideas discussed in this material do not account for the particular circumstances, objectives, or needs of any specific company, institution, or individual and are not intended as recommendations of particular securities, futures contracts, or financial instruments or strategies to any specific company, institution, or individual. This material is not an offer or solicitation for the purchase or sale of any security, futures contract, or other financial instrument and is not intended as, nor should it be construed to be, investment advice. Blacklight Research, LLC (“Blacklight”) accepts no liability whatsoever for any loss or damage arising from any use of this material or its contents, or in any materials produced or disseminated by Blacklight, and neither Blacklight nor any of its respective directors, officers, or employees, shall be in any way responsible for the contents hereof, apart from the liabilities and responsibilities that may be imposed on them by relevant regulatory authorities under applicable law.

 

The information and opinions presented herein are based on third-party sources deemed to be reliable. While all reasonable care has been taken to ensure that the facts stated in this material are accurate and that the forecasts, opinions and expectations contained herein are fair and reasonable, Blacklight makes no warranty, assurance, or guarantee, express or implied, about the completeness, reliability, suitability, or accuracy of this content. Accordingly, no reliance should be placed on the accuracy, fairness or completeness of the information contained in this material. There may be data discrepancies or content inconsistencies due to calculations, adjustments, translation between different languages, and/or regulatory restrictions, as applicable. Any discrepancies are unintentional and should not impact the overall analysis or its conclusions. The opinions, forecasts, projections, or views contained in this material are our interpretations as of the date of publication only and are therefore subject to change without notice or update. Periodic updates may be provided based on specific developments or announcements, market conditions, or any other publicly available information in Blacklight’s sole discretion. There can be no assurance that future results or events will be consistent with any opinion, forecast, projection, or view, which represent only one possible outcome. Furthermore, all opinions, forecasts, projections, or views are subject to certain risks, uncertainties, and assumptions that cannot be and have not been verified, and future actual results or events could differ materially.

 

All pricing is indicative as of the latest closing date prior to publication, unless otherwise stated. The value of, or income from, any investment ideas referred to in this material may fluctuate and/or be affected by changes in exchange rates, interest rates, technologies, the unilateral policies or actions of sovereign governments, or other known or unknown factors. Past performance is not indicative of future results. Accordingly, investors in any given investment idea may achieve lower returns than history may imply, including the loss of principal.

 

This material may include analysis or views on structured securities, options, futures and other derivatives. These are complex instruments that may involve a high degree of risk and may be appropriate investments only for sophisticated investors who are capable of understanding and assuming the risks involved. The recipients of this material must make their own independent decisions regarding any securities or financial instruments mentioned herein and should seek advice from such independent financial, legal, tax or other adviser as they deem necessary. Other personnel or affiliates of Blacklight, including research analysts, market strategists, sales staff, contractors, or clients, may take views that are inconsistent with those taken in this material. Other personnel or affiliates of Blacklight not involved in the preparation of this material may have investments in the securities (or derivatives of such securities) mentioned in this material and may trade them in ways different from those discussed in this material. As these situations may create potential conflicts of interest, Blacklight has implemented policies, including a Code of Ethics, relating to personal investment transactions (including private equity) and insider trading which are designed to identify and prevent or mitigate actual conflicts of interest. This material is not an advertisement for or marketing of any issuer, its products or services, or its securities in any jurisdiction.

 

Blacklight’s materials are distributed electronically by email or through website portals: delivery time may vary due to factors beyond our control. The creators of Blacklight’s materials receive compensation based upon various factors, including the quality and accuracy of the content, client feedback, competitive factors, and overall firm revenues. Cover art, charts, and photos represent fair use of public images, licensed content, and/or Blacklight’s intellectual property.

 

This website may contain information that is privileged, confidential, legally privileged, and/or exempt from disclosure under applicable law. If you are not the intended or authorized user of such information, you are hereby notified that any disclosure, copying, distribution, or use of the information contained herein (including any reliance thereon) is STRICTLY PROHIBITED. Although this website and any attachments or URL links are believed to be free of any virus or other defect that might affect any computer system by which access occurs, it is the responsibility of the website user to ensure that access is virus free. No responsibility is accepted by Blacklight and affiliates, as applicable, for any loss or damage arising in any way from use of this website.

 

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This material or any portion hereof may not be reprinted, sold, or redistributed without the written consent of Blacklight. It is strictly prohibited to use or share any Blacklight materials with a third party without prior written consent from Blacklight, including use or sharing in any third-party artificial intelligence (AI) systems.

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