IMPORTANT DISCLAIMER FOR INVESTORS

The following material is provided by TSG Invest and its affiliates (collectively “TSG Invest” and “our firm”) for informational and educational purposes only. This material does not constitute an offer to sell securities or a solicitation to participate in any trading strategy. Investing inherently involves risk, including the potential loss of principal. Past performance does not guarantee future results, and market conditions can change rapidly. Different investments carry varying levels of risk. While content is compiled from sources believed reliable, TSG Invest cannot guarantee complete accuracy or completeness of information presented. All opinions, forecasts, and projections reflect our views as of the publication date. This material may contain preliminary information and forward-looking statements. Due to various factors, actual events may differ substantially from those presented. TSG Invest assumes no obligation to update forward-looking statements or opinions. TSG Invest, its officers, directors, employees, or clients may hold positions in mentioned securities or investments. Such positions may change at any time without notice. All opinions and market views are subject to change without notice. TSG Invest and its financial advisors do not provide legal, tax, or accounting advice. You should consult with legal and tax advisors before making any financial decisions. This material does not consider individual investment objectives, financial situations, or needs. Furthermore, TSG Invest does not monitor ongoing suitability, provide personalized recommendations without a formal agreement, or determine if content suits individual readers. Receipt of this material does not create an advisory relationship. Professional financial advice is recommended for your specific situation. Investors should carefully review all risks and consider their investment objectives, resources, and risk tolerance before making investment decisions. No assurance can be given that any specific investment or strategy will be profitable or suitable for any specific investor’s portfolio. Asset allocation, rebalancing, and diversification strategies do not guarantee against risk in broadly declining markets. This material is not intended as a recommendation, offer, or solicitation for the purchase or sale of any security or investment strategy. TSG Invest (d/b/a of The Spaventa Group LLC) is not a registered broker-dealer nor investment advisor. TSG Invest refers certain financial services to its affiliated broker-dealer, TSG Capital Advisors LLC (“TSGCA”) (Member FINRA/SIPC), its wholly owned registered investment advisor subsidiary, TSG Alpha Partners LLC (“TSGA”), and its wholly owned insurance agency subsidiary, TSG Insurance Services LLC (“TSGIS”). Financial Planning and Investment Advisory Services offered through TSG Alpha Partners LLC (CRD #319493). Private placements offered through TSG Capital Advisors (CRD #147509), member FINRA, SIPC. Insurance products offered through TSG Insurance Services LLC. TSG Alpha Partners, TSG Capital Advisors, and TSG Insurance Services are affiliated due to common ownership. These affiliates may take positions contrary to those discussed in this material. 

RISK FACTORS RELATED TO QUANTUM COMPUTING INVESTMENTS

Investing in quantum computing companies involves significant risks including the highly speculative and experimental nature of quantum technology, which may never achieve practical commercial viability or widespread adoption. These companies often require substantial ongoing capital investment in research and development with no guarantee of successful outcomes, and many face intense competition from both established tech giants and well-funded startups, potentially leading to market consolidation or obsolescence of certain approaches. The quantum computing sector is subject to rapid technological changes, shifting standards, and potential regulatory oversight, particularly regarding national security implications and export controls. Many quantum computing companies are pre-revenue or early-stage, making traditional valuation metrics difficult to apply and increasing investment volatility. The industry faces significant technical challenges including quantum error correction, maintaining quantum coherence, and scaling up quantum systems, any of which could prove insurmountable or require substantially more time and resources than anticipated. The scarcity of qualified quantum computing talent could impair company development and operations, while intellectual property disputes could arise as the technology matures. Market acceptance remains uncertain, as potential customers may be hesitant to adopt quantum solutions or may prefer classical computing alternatives. Companies may struggle to protect their intellectual property or maintain their competitive advantages, and their success often depends on securing government contracts, research grants, or strategic partnerships which may not materialize. The industry is also vulnerable to macroeconomic factors, changes in government funding priorities, and potential cybersecurity threats. Additionally, breakthrough developments in classical computing or alternative technologies could reduce the anticipated advantages of quantum computing, potentially rendering certain quantum approaches obsolete.