* — EMCD does not guarantee the availability of a secondary market for acquired assets. Shares of private companies, as well as structured products based on them, have limited liquidity. Participation in pre-IPO products and late-stage deals involves heightened risks, including the potential loss of all invested capital. Before participating, assess the risks and seek independent advice if needed.
The information presented herein is provided for informational purposes only and does not constitute, and should not be construed as, an offer or solicitation to purchase or sell any securities, financial instruments, equity interests, or investment products. Nothing in these materials shall be interpreted as investment advice, an investment recommendation, or a public offering in any jurisdiction. EMCD is not a broker-dealer, investment adviser, asset manager, or regulated financial intermediary. EMCD does not provide investment, legal, tax, or financial advice, does not manage assets on behalf of clients, and does not conduct securities transactions for others. Any access provided to economic (non-voting) interests in private companies or to structured products referencing such interests is offered strictly on a private, informational, and non-solicitative basis. Investments in private-company economic interests and pre-IPO-related products involve a high level of risk, including, but not limited to:
• limited or absent liquidity,
• no guarantee of a functional secondary market,
• valuation uncertainty,
• potential dilution,
• extended holding periods,
• and the risk of total loss of invested capital.
Past performance does not guarantee future results. The nature, structure, and legal characteristics of any product or economic interest may vary depending on the underlying issuer or provider. Prospective participants should conduct their own due diligence and obtain independent legal, tax, and investment advice before entering into any transaction.