Updated December 2025

We reserve the right, at our sole discretion, to change or modify portions of this Disclaimer at any time. If we do this, we will post the changes on this page and will indicate at the top of this page the date these terms were last revised.

North Tech Capital (“NTC”, “we”, “our”, or “us”) publishes financial research and market commentary for investors. We offer market research, discretionary investment services via separately managed accounts (SMAs), and access to private investment opportunities, including those made under exemptions such as Regulation D of the U.S. Securities Act of 1933 (the “Securities Act”).

We reserve the right to modify, update, or amend this disclaimer at any time without notice. Changes will be effective immediately upon posting. Please review this disclaimer periodically for any updates.

THE INFORMATION CONTAINED ON THIS WEBSITE IS NOT AND SHOULD NOT BE CONSTRUED AS INVESTMENT ADVICE, AND DOES NOT PURPORT TO BE AND DOES NOT EXPRESS ANY OPINION AS TO THE PRICE AT WHICH THE SECURITIES OF ANY COMPANY MAY TRADE AT ANY TIME. THE INFORMATION AND OPINIONS PROVIDED HEREIN SHOULD NOT BE TAKEN AS SPECIFIC ADVICE ON THE MERITS OF ANY INVESTMENT DECISION. INVESTORS SHOULD MAKE THEIR OWN INVESTIGATION AND DECISIONS REGARDING THE PROSPECTS OF ANY COMPANY DISCUSSED HEREIN BASED ON SUCH INVESTORS’ OWN REVIEW OF PUBLICLY AVAILABLE INFORMATION AND SHOULD NOT RELY ON THE INFORMATION CONTAINED HEREIN. INVESTORS SHOULD OBTAIN INDIVIDUAL INVESTMENT ADVICE BASED ON THEIR OWN CIRCUMSTANCES BEFORE MAKING AN INVESTMENT DECISION.

No statement or expression of opinion, or any other matter herein, directly or indirectly, is an offer or the solicitation of an offer to buy or sell the securities or financial instruments mentioned.

The author, publisher, or insiders of the publisher may currently have long or short positions in the securities of the companies mentioned herein, or may have such a position in the future (and therefore may profit from fluctuations in the trading price of the securities). To the extent such persons do have such positions, there is no guarantee that such persons will maintain such positions.

Any projections, market outlooks, or estimates herein are forward-looking statements and are inherently unreliable. They are based upon certain assumptions and should not be construed to be indicative of the actual events that will occur. Other events that were not taken into account may occur and may significantly affect the returns or performance of the securities discussed herein. The information provided herein is based on matters as they exist as of the date of preparation and not as of any future date, and North Tech Capital undertakes no obligation to correct, update, or revise the information in this document or to otherwise provide any additional material.

North Tech Capital does not accept any liability whatsoever for any direct or consequential loss howsoever arising, directly or indirectly, from any use of the information contained herein.

By using the Site or any related social media account, you are indicating your consent and agreement to this disclaimer and our terms of use.

Unauthorized reproduction of this newsletter and website, or its contents by photocopy, facsimile, or any other means is illegal and punishable by law.

North Tech Capital publishes content through Substack and WordPress, an email newsletter platform and website publishing platform, and operates the websites https://northtechcapital.substack.com/ and www.northtechcapital.com as well as social media accounts (including but not limited to): Instagram, Twitter, Linkedin, Facebook, and Threads. By accessing North Tech Capital’s content, you agree to be bound by the Terms of Use and Privacy Policy, in effect at the time you access this website or any page thereof or any of North Tech Capital’s content. The Terms of Use and Privacy Policy may be amended from time to time. Nothing on this website or North Tech Capital constitutes an offer to sell, or a solicitation of an offer to buy or subscribe for, any securities to any person in any jurisdiction where such an offer or solicitation is against the law or to anyone to whom it is unlawful to make such offer or solicitation.

North Tech Capital is not an underwriter, broker-dealer, Title III crowdfunding portal or valuation service and does not engage in any activities requiring any such registration. North Tech Capital does not provide advice on investments or structure transactions. North Tech Capital is not a registered investment advisor (RIA), broker-dealer, funding portal, or valuation service. We do not engage in activities requiring such registration. We do not underwrite securities or facilitate primary offerings as a placement agent.

Certain investment opportunities may only be available to investors who qualify as “accredited investors” as defined under Rule 501 of Regulation D of the Securities Act. If you participate in any such offering, you may be asked to provide documentation to verify your accreditation status. North Tech Capital does not verify investor qualifications directly unless explicitly required as part of a managed account onboarding or through a third-party service provider.

We do not guarantee the accuracy of any offering materials provided by third-party issuers and assume no responsibility for the performance of any investment made through third-party platforms or direct engagements.

NTC offers non-discretionary and discretionary SMAs designed for sophisticated investors seeking exposure to our thematic equity strategies. All SMA services are offered under contractual agreement and subject to terms and conditions, eligibility verification, and applicable fees. SMAs are not pooled investment vehicles. Clients retain direct ownership of securities and control over account deposits and withdrawals, subject to execution and allocation guidance.

All securities listed on this site are being offered by, and all information included on this site is the responsibility of, the applicable issuer of such securities. North Tech Capital does not verify the adequacy, accuracy or completeness of any information. Neither North Tech Capital nor any of its officers, directors, agents, and employees makes any warranty, express or implied, of any kind whatsoever related to the adequacy, accuracy, valuations of securities or completeness of any information on this site or the use of information on this site.

Neither North Tech Capital nor any of its directors, officers, employees, representatives, affiliates or agents shall have any liability whatsoever arising from any error or incompleteness of fact, or lack of care in the preparation of, any of the materials posted on this website. Investing in securities, especially those issued by start-up companies, involves substantial risk. investors should be able to bear the loss of their entire investment and should make their own determination of whether or not to make any investment based on their own independent evaluation and analysis.