Disclaimer & Risk Disclosure

Effective Date: February 17, 2026

Please read this disclaimer carefully before using the Alpha mobile application ("App") operated by AfterHour ("Company," "we," "us," or "our").

Not a Broker-Dealer or Investment Adviser

Alpha and AfterHour are technology platforms, not registered broker-dealers or registered investment advisers, and do not provide investment advice. We are not registered with the U.S. Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), or any state securities regulatory authority.

No Investment Advice

The information, tools, and AI-generated content provided through Alpha are for educational and informational purposes only. Nothing in the App should be construed as:

• A recommendation or solicitation to buy, sell, or hold any security
• Investment advice or financial planning guidance
• A guarantee of future investment performance
• An endorsement of any particular investment strategy

You should always consult with a qualified financial advisor before making any investment decisions.

Paper Trading Disclaimer

All trading functionality within Alpha is simulated using paper trading. This means:

• No real money is used in any transactions
• No actual securities are bought or sold
• Simulated results do not reflect real market conditions and may differ significantly from actual trading outcomes
• Paper trading performance should not be relied upon as an indicator of future real-trading results
• Simulated trading does not account for all factors that affect real trading, including market liquidity, slippage, and execution delays

Risk of Loss

Investing in securities involves substantial risk of loss. Past performance, whether real or simulated, is not indicative of future results. If you choose to invest real money based on strategies explored in Alpha, you could lose some or all of your investment.

AI-Generated Content

Alpha uses artificial intelligence to generate market analysis, trading ideas, and strategy suggestions. AI-generated content:

• May contain errors or inaccuracies
• Should not be the sole basis for any investment decision
• Does not constitute professional financial advice
• Is based on historical data and patterns that may not predict future outcomes

Third-Party Information

Alpha may display market data, news, or other information from third-party sources. We do not guarantee the accuracy, completeness, or timeliness of any third-party information.

Limitation of Liability

To the maximum extent permitted by law, AfterHour and its affiliates, officers, directors, employees, and agents shall not be liable for any damages arising from your use of the App or reliance on any information provided through the App.

Contact Us

If you have questions about this disclaimer, contact us at hello@alpha.so.