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Terms of Use

Legal terms governing your use of UnlistedShares.net.

Effective Date: January 1, 2026

Acceptance of Terms

Welcome to UnlistedShares.net (the "Site"). By accessing or using this Site, you agree to be bound by these Terms of Use ("Terms"). If you do not agree to these Terms, do not use the Site.

We reserve the right to modify these Terms at any time. Changes will be effective immediately upon posting to the Site with an updated "Effective Date." Your continued use of the Site after changes are posted constitutes your acceptance of the revised Terms. We encourage you to review these Terms periodically.

Educational Content Disclaimer

Not Investment Advice

The content provided on UnlistedShares.net is for educational and informational purposes only. It does not constitute, and should not be construed as:

  • Investment advice or recommendations
  • Financial planning or advisory services
  • Legal advice or legal opinions
  • Tax advice or tax planning
  • Accounting or auditing services
  • An offer to buy or sell any securities
  • A solicitation of any investment

We are not investment advisors, broker-dealers, financial planners, attorneys, or accountants. Nothing on this Site creates an advisory or professional relationship between you and UnlistedShares.net.

Consult Qualified Professionals

Before making any investment decisions, you should:

  • Consult with a qualified financial advisor, investment professional, or registered investment advisor (RIA)
  • Seek legal advice from a licensed attorney regarding contracts, securities regulations, and compliance matters
  • Obtain tax advice from a certified public accountant (CPA) or tax attorney
  • Conduct your own independent due diligence and research
  • Carefully review all offering documents, contracts, and disclosures provided by companies or platforms

Investment decisions should be based on your individual financial situation, risk tolerance, investment objectives, and professional advice tailored to your circumstances.

Risks of Private Investing

Investing in private company stock and unlisted shares involves substantial risks, including:

  • Total loss of capital: You may lose your entire investment
  • Illiquidity: Private shares cannot be easily sold and may be held for years
  • Information limitations: Private companies disclose far less than public companies
  • Valuation uncertainty: Private valuations are subjective and may not reflect market value
  • No guaranteed liquidity event: IPOs and acquisitions may be delayed, canceled, or not occur
  • Dilution: Your ownership percentage may be reduced by future funding rounds
  • Regulatory restrictions: Accredited investor requirements and transfer restrictions apply

Only invest capital you can afford to lose and that you do not need access to for an extended period.

Accuracy of Information

Best Efforts, No Guarantees

We strive to provide accurate, up-to-date, and reliable information. However, we make no representations or warranties regarding:

  • The accuracy, completeness, or timeliness of any information on the Site
  • The reliability of data sources or third-party information
  • The applicability of information to your specific circumstances
  • Future events, company performance, or investment outcomes

Information May Be Outdated

Private company valuations, funding rounds, platform fees, and market conditions change frequently. Information on the Site may become outdated between updates. Always verify critical information with:

  • The companies themselves
  • Secondary market platforms
  • Official SEC filings and regulatory disclosures
  • Current offering documents
  • Professional advisors

Estimates and Projections

Some information on the Site includes estimates, projections, or forward-looking statements (e.g., IPO timelines, revenue estimates, growth rates). These are based on available information and analysis but are inherently uncertain and subject to change. Actual results may differ materially from estimates or projections.

Past performance does not guarantee future results.

No Professional Relationship

Use of this Site does not create:

  • An advisor-client relationship
  • An attorney-client relationship
  • An accountant-client relationship
  • A fiduciary duty owed to you
  • Any contractual obligation to provide services

We do not provide personalized advice, recommendations, or services. Any general information provided is not tailored to your specific situation and should not be relied upon as if it were.

External Links

The Site may contain links to third-party websites, platforms, and services (e.g., secondary market platforms like Forge Global, EquityZen, Hiive). These links are provided for convenience only.

We do not:

  • Control or endorse third-party sites
  • Make any representations about third-party content, services, or practices
  • Guarantee the accuracy or reliability of third-party information
  • Accept responsibility for third-party actions, policies, or terms

Accessing third-party links is at your own risk. You should review the terms, privacy policies, and disclosures of any third-party site you visit.

No Referral Relationships

Unless explicitly disclosed, we do not have referral, affiliate, or compensation arrangements with the platforms, companies, or services mentioned on the Site. Our comparisons and analysis are intended to be objective and educational.

We do not receive commissions or fees for directing users to platforms or for transactions conducted through platforms.

Intellectual Property

Our Content

All content on UnlistedShares.net, including text, graphics, logos, images, and software, is the property of UnlistedShares.net or its licensors and is protected by copyright, trademark, and other intellectual property laws.

You may:

  • View and read content for personal, non-commercial use
  • Print pages for personal reference
  • Share links to our pages on social media or in communications

You may not:

  • Reproduce, distribute, or republish content without permission
  • Modify, create derivative works, or reverse engineer any content
  • Use content for commercial purposes
  • Remove copyright notices or attributions
  • Frame or mirror the Site on another website

For permission requests (e.g., to republish content or use it commercially), contact us at info@unlistedshares.net.

Trademarks

"UnlistedShares.net" and our logo are trademarks. All other trademarks, service marks, and company names mentioned on the Site are the property of their respective owners.

User Conduct

You agree to use the Site only for lawful purposes and in accordance with these Terms. You agree not to:

  • Violate any applicable laws or regulations
  • Infringe the rights of others (intellectual property, privacy, publicity, etc.)
  • Transmit any harmful, offensive, or illegal content
  • Attempt to gain unauthorized access to the Site or our systems
  • Interfere with or disrupt the Site's operation
  • Use automated tools (bots, scrapers) to access or collect data from the Site
  • Impersonate any person or entity
  • Engage in any fraudulent or deceptive practices

We reserve the right to terminate or restrict your access to the Site for violations of these Terms or for any other reason at our discretion.

Limitation of Liability

Disclaimer of Warranties

THE SITE AND ALL CONTENT ARE PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT ANY WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO:

  • Warranties of merchantability, fitness for a particular purpose, or non-infringement
  • Warranties regarding accuracy, reliability, or completeness of information
  • Warranties that the Site will be uninterrupted, error-free, or secure
  • Warranties that defects will be corrected

Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY LAW, UNLISTEDSHARES.NET AND ITS AFFILIATES, OFFICERS, DIRECTORS, EMPLOYEES, AND AGENTS SHALL NOT BE LIABLE FOR ANY:

  • Direct, indirect, incidental, consequential, or punitive damages
  • Loss of profits, revenue, data, or business opportunities
  • Investment losses or financial damages
  • Damages resulting from use or inability to use the Site
  • Damages resulting from errors, omissions, or inaccuracies in content
  • Damages resulting from third-party actions or content

THIS LIMITATION APPLIES REGARDLESS OF THE LEGAL THEORY (CONTRACT, TORT, NEGLIGENCE, STRICT LIABILITY, OR OTHERWISE) AND EVEN IF WE HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF CERTAIN WARRANTIES OR DAMAGES, SO SOME OF THE ABOVE LIMITATIONS MAY NOT APPLY TO YOU. IN SUCH JURISDICTIONS, OUR LIABILITY IS LIMITED TO THE GREATEST EXTENT PERMITTED BY LAW.

Investment Losses

YOU ACKNOWLEDGE AND AGREE THAT:

  • You are solely responsible for your investment decisions
  • We are not liable for any investment losses you may incur
  • You will not hold us responsible for the performance of companies or platforms mentioned on the Site
  • We make no guarantees about investment outcomes, IPO success, or company performance

Indemnification

You agree to indemnify, defend, and hold harmless UnlistedShares.net and its affiliates, officers, directors, employees, and agents from and against any claims, liabilities, damages, losses, costs, or expenses (including reasonable attorneys' fees) arising out of or related to:

  • Your use of the Site
  • Your violation of these Terms
  • Your violation of any rights of another person or entity
  • Your investment decisions or activities
  • Any content you submit or transmit through the Site

We reserve the right to assume the exclusive defense and control of any matter subject to indemnification by you, at your expense.

Securities Law Disclaimer

UnlistedShares.net is not:

  • A registered broker-dealer under the Securities Exchange Act of 1934
  • A registered investment advisor under the Investment Advisers Act of 1940
  • An investment company under the Investment Company Act of 1940
  • A funding portal or crowdfunding platform

We do not:

  • Offer or sell securities
  • Execute transactions or facilitate trades
  • Provide investment advisory services for compensation
  • Hold customer funds or securities
  • Earn commissions on transactions

Any securities transactions must be conducted through properly licensed and registered entities (broker-dealers, registered investment advisors, or platforms registered with the SEC and FINRA).

Accredited Investor Requirement

Investing in private company stock typically requires accredited investor status under SEC regulations. We provide general information about accredited investor requirements, but we do not:

  • Determine whether you qualify as an accredited investor
  • Verify accredited investor status
  • Provide legal advice on compliance with securities regulations

It is your responsibility to ensure you meet applicable requirements before attempting to invest in private securities. Consult with legal counsel if you have questions about your eligibility or compliance obligations.

Governing Law and Jurisdiction

These Terms are governed by and construed in accordance with the laws of the United States and the state in which UnlistedShares.net operates, without regard to conflict of law principles.

Any disputes arising from these Terms or your use of the Site shall be resolved in the courts located in the jurisdiction where UnlistedShares.net operates, and you consent to the exclusive jurisdiction of such courts.

Dispute Resolution

If you have a dispute with us, you agree to first contact us at info@unlistedshares.net and attempt to resolve the matter informally.

Severability

If any provision of these Terms is found to be invalid, illegal, or unenforceable, the remaining provisions shall continue in full force and effect. The invalid provision shall be modified to the minimum extent necessary to make it valid and enforceable.

Entire Agreement

These Terms, together with our Privacy Policy, constitute the entire agreement between you and UnlistedShares.net regarding use of the Site and supersede any prior agreements or understandings.

Waiver

Our failure to enforce any provision of these Terms does not constitute a waiver of that provision or any other provision. No waiver shall be effective unless in writing and signed by an authorized representative of UnlistedShares.net.

Assignment

You may not assign or transfer these Terms or your rights under these Terms without our prior written consent. We may assign these Terms without restriction.

Changes to These Terms

We reserve the right to modify these Terms at any time. Changes will be effective immediately upon posting with an updated "Effective Date." Material changes may be communicated via:

  • A prominent notice on the Site
  • Email notification to newsletter subscribers

Your continued use of the Site after changes are posted constitutes acceptance of the revised Terms. If you do not agree to the modified Terms, you must stop using the Site.

Termination

We reserve the right to terminate or suspend your access to the Site at any time, with or without notice, for any reason, including violation of these Terms.

Upon termination:

  • Your right to use the Site immediately ceases
  • You must cease all use of the Site and any downloaded content
  • Provisions of these Terms that by their nature should survive (disclaimers, limitations of liability, indemnification) shall survive termination

Contact Information

If you have questions about these Terms of Use, please contact us:

Email: info@unlistedshares.net

Contact Page: https://unlistedshares.net/contact.html

Acknowledgment

BY USING UNLISTEDSHARES.NET, YOU ACKNOWLEDGE THAT:

  • You have read and understood these Terms of Use
  • You agree to be bound by these Terms
  • You understand that the Site provides educational content only, not investment advice
  • You will conduct your own due diligence and consult qualified professionals before making investment decisions
  • You understand the risks of private investing and accept full responsibility for your investment decisions
  • You will not hold UnlistedShares.net liable for any investment losses or damages