Legal & Investment Disclaimer

The First Tick (thefirsttick.com) — published by GMBSTS Holdings, LLC

Effective date: June 15, 2026 | Last updated: June 15, 2026

Please read this Disclaimer carefully. It governs your use of The First Tick (thefirsttick.com) and the newsletter and content we publish (collectively, the “Publication”), which is published by GMBSTS Holdings, LLC.

1. Informational and educational purposes only

The Publication provides general market commentary, news summaries, and securities analysis for informational and educational purposes only. Nothing in the Publication is, or should be construed as, investment advice, a research report intended to meet the needs of any particular person, or a recommendation, offer, or solicitation to buy, sell, hold, or short any security or to adopt any investment strategy.

2. Not personalized; no advisory relationship

The Publication is a general-circulation publication. Its content is impersonal and is not tailored to the investment objectives, financial situation, risk tolerance, or particular needs of any individual reader. Reading the Publication, subscribing, or contacting the author does not create an investment-advisory, fiduciary, brokerage, accounting, tax, or attorney-client relationship.

3. The author is not a registered investment adviser or broker-dealer

The author of the Publication is not a registered investment adviser, broker-dealer, financial planner, accountant, or attorney, and does not provide individualized investment, legal, tax, or accounting advice. You should consult your own licensed professionals before making any financial decision.

4. AI-assisted production

The Publication is produced with the assistance of automated and artificial-intelligence tools that draw on third-party data sources. While we take steps to ground factual claims in data sources and to review content before publication, automated systems can produce errors, omissions, or outdated information. Content may contain mistakes notwithstanding our efforts, and you should independently verify any fact before relying on it.

5. No guarantee of accuracy; third-party sources

Information in the Publication is drawn from sources believed to be reliable, but we do not guarantee its accuracy, completeness, timeliness, or fitness for any purpose. Market data, estimates, and figures may be delayed, revised, or incorrect. References to third-party sources or links do not constitute endorsement, and we are not responsible for third-party content.

6. Forward-looking statements

The Publication may contain forward-looking statements, opinions, expectations, or predictions about markets, securities, or events. These are inherently uncertain, involve risk, and may prove incorrect. Actual outcomes may differ materially. No forward-looking statement is a guarantee of any future result.

7. Investing involves risk

All investing involves risk, including the possible loss of principal. Past performance is not indicative of future results. You are solely responsible for your own investment decisions and for evaluating the merits and risks of any security or strategy. You should not make any investment decision based solely on the Publication.

8. Author positions and conflicts

The author may hold positions in securities discussed in the Publication. Author positions and the author’s trading-restriction policy are addressed in the Position Policy, available at thefirsttick.com/position-policy, which is incorporated by reference. The Publication does not accept compensation from issuers, underwriters, or dealers in exchange for coverage; see the Advertising & Sponsorship Policy.

9. No warranties; limitation of liability

The Publication is provided “as is” and “as available,” without warranties of any kind, express or implied, to the fullest extent permitted by law. To the fullest extent permitted by law, the publisher (GMBSTS Holdings, LLC) and the author shall not be liable for any losses or damages arising from your use of, or reliance on, the Publication.

10. Contact

Questions about this Disclaimer: mike@thefirsttick.com, or thefirsttick.com/contact.