Terms of Service

1. Acceptance of Terms

By registering for an account, clicking “I Agree,” or otherwise accessing or using Signal8 (the “Service”), you represent that: (a) you are at least 18 years of age; (b) you have the legal capacity to enter into a binding contract; (c) if you are using the Service on behalf of a company or other legal entity, you have the authority to bind that entity to these Terms; and (d) you have read, understood, and agree to be bound by these Terms and our Privacy Policy, incorporated herein by reference.

We may update these Terms at any time. We will post the revised Terms on our website and update the Effective Date. Your continued use of the Service after the updated Terms are posted constitutes your acceptance of the changes. If you do not agree to the revised Terms, you must stop using the Service.

2. Description of Service

Signal8 is a financial intelligence platform designed for investment banking professionals, investors, and financial research practitioners. The Service aggregates and analyzes publicly available data from the U.S. Securities and Exchange Commission (“SEC”) EDGAR system and third-party financial data providers, and presents it through an interactive web dashboard and developer API.

Core features include, without limitation: SEC filing search and AI-generated summaries; insider trading data (Forms 3, 4, and 5); institutional holdings (Schedule 13F); Right of First Refusal (“ROFR”) tracking; dilution analytics; deal and financing tracking; company screener; corporate events calendar; legal counsel and counterparty intelligence; compliance monitoring; news feed; an AI-powered Filing Intelligence Agent (conversational chat); AI-generated research reports; portfolio management via connected brokerage accounts; watchlist and alert system; and a developer REST API (“API”).

Signal8 also offers an Investor Relations (“IR”) widget that companies may embed on their IR sites to enable external visitors to subscribe to filing and press release alerts.

3. Not Investment Advice — Important Disclaimer

Signal8 is not a registered investment adviser, broker-dealer, or financial planning firm under the Investment Advisers Act of 1940 or any applicable state law. Nothing on or provided through the Service constitutes investment advice, financial advice, trading advice, legal advice, tax advice, or any other professional advice of any kind.

All data, analyses, AI-generated summaries, reports, alerts, and content provided through the Service are for informational and research purposes only and should not be relied upon as the basis for any investment, financial, legal, tax, or business decision. Past performance of any security or strategy is not indicative of future results.

You are solely responsible for your investment and financial decisions. Before making any decision, you should consult with a qualified financial advisor, attorney, tax professional, or other licensed professional appropriate to your situation. Signal8 expressly disclaims any and all liability for any actions you take or fail to take based on information obtained through the Service.

4. Account Registration and Security

To access most features of the Service, you must register for an account and provide accurate, current, and complete information, including your first name, last name, email address, phone number, physical address, and country. You agree to keep this information up to date.

You are solely responsible for maintaining the confidentiality of your login credentials and for all activities that occur under your account. You agree to notify us immediately at [email protected] if you become aware of any unauthorized access to or use of your account. Signal8 will not be liable for any loss or damage arising from your failure to protect your credentials.

You may not share your account with any other person or entity. Each account is for a single authorized user only (except where an Enterprise plan expressly permits team seats). We reserve the right to suspend or terminate accounts that we reasonably believe are being shared or used in an unauthorized manner.

5. Subscription Plans and Billing

Signal8 offers the following subscription tiers (pricing subject to change with notice):

• Free — Limited features; no credit card required.
• Starter — Monthly or annual subscription. Includes 7-day free trial on first subscription.
• Professional — Monthly or annual subscription. Includes 7-day free trial on first subscription. Required for API access and AI features.
• Enterprise — Custom pricing negotiated separately. Contact [email protected].

All fees are stated in U.S. Dollars and are exclusive of any applicable taxes. You are responsible for all taxes associated with your subscription. Payments are processed by our third-party payment processor. By subscribing, you authorize Signal8 to charge your chosen payment method on a recurring basis until you cancel. Annual plans are billed in full at the start of each annual period.

Subscription fees are non-refundable except as expressly stated in these Terms or as required by applicable law. If your payment fails, Signal8 may suspend access to your account. Our payment processor will retry failed payments; if payment remains uncollected, your subscription may be canceled.

Signal8 reserves the right to change its pricing at any time. We will provide at least 30 days' notice of price changes to existing subscribers via email or in-app notification. Your continued use of the Service after the effective date of a price change constitutes acceptance of the new pricing.

6. Free Trials

Starter and Professional plans include a 7-day free trial for new subscribers. A valid payment method is required to start a trial. You will not be charged during the trial period. If you cancel before the trial ends, you will not be charged. If you do not cancel before the trial period expires, your subscription will automatically convert to a paid subscription and your payment method will be charged the applicable subscription fee.

Free trials are available only to new Signal8 subscribers. Signal8 reserves the right to limit, modify, or discontinue free trial offers at any time and to determine eligibility in its sole discretion. Signal8 may request additional verification if it suspects abuse of the trial program.

7. Cancellation and Refunds

You may cancel your subscription at any time through your account settings or by contacting support at [email protected]. Upon cancellation, your subscription will remain active until the end of the current billing period, after which it will not renew. You will retain access to paid features until the end of your billing period.

Subscription fees are non-refundable. We do not issue refunds or credits for partial billing periods. Exceptions may be made in Signal8's sole discretion for service outages or errors caused directly by Signal8. Subscription downgrades are not self-service; contact support for assistance.

If Signal8 terminates or suspends your paid account without cause (meaning not for a violation of these Terms, non-payment, or misuse), you will receive a pro-rata refund of the unused portion of any prepaid subscription fee.

If you cancel during a free trial, cancellation is immediate and you will not be charged.

8. API Access and Credits

Professional and Enterprise subscribers may access the Signal8 REST API using API keys generated through your account settings. API usage is governed by a credit system. Your plan includes a monthly credit allotment that resets at the start of each billing cycle. Credits do not roll over.

Different API endpoints consume varying numbers of credits depending on query complexity. You are responsible for monitoring your credit usage. Signal8 is not liable for any costs, losses, or disruptions arising from exhaustion of your credit allotment.

API keys are confidential. You are responsible for all API calls made using your keys. Do not expose API keys in client-side code or public repositories. If a key is compromised, revoke it immediately from your account settings and notify us.

Signal8 reserves the right to rate-limit, throttle, or suspend API access for accounts that violate these Terms, abuse the API, or generate traffic that materially impacts the Service's performance.

9. Referral Program

Signal8 may offer a referral program that allows subscribers to earn commissions when referred users subscribe to a paid plan. Referral rewards are subject to a 60-day holdback period before they are eligible for payment. Signal8 reserves the right to withhold or reverse rewards for fraudulent referrals, duplicate accounts, referrals that chargeback, or other abuse of the program.

Referral payouts are processed via our third-party payment processor's connected accounts platform. Signal8 may modify or terminate the referral program at any time. Commission rates, holdback periods, and payout minimums are as set forth in the program terms in effect at the time of the referral.

10. Acceptable Use Policy

You agree to use the Service only for lawful purposes and in a manner consistent with these Terms and all applicable laws and regulations. You may not use the Service:

• To engage in any form of market manipulation, insider trading, securities fraud, or any other activity that violates securities laws or regulations in any jurisdiction;
• To systematically scrape, download, or extract bulk data from the Service using automated means (crawlers, bots, scrapers) beyond what is expressly permitted by these Terms or your API subscription;
• To redistribute, resell, sublicense, or commercially exploit any data or content obtained through the Service without our prior written consent;
• To reverse engineer, decompile, disassemble, or attempt to derive the source code of any portion of the Service;
• To interfere with or disrupt the integrity, performance, or security of the Service, or any networks or systems connected to it;
• To attempt to gain unauthorized access to any account, system, or data within the Service;
• To use the Service to harass, threaten, or harm any individual or entity;
• To upload, transmit, or facilitate the distribution of malware, viruses, or other harmful code;
• To create multiple accounts to circumvent access restrictions, plan limitations, or bans;
• To access the Service through unauthorized means, including by using another person's credentials;
• To use the Service to develop or train competing products or services, or to benchmark the Service without our written permission.

Signal8 reserves the right to investigate suspected violations of these Terms and may take any action we deem appropriate, including suspending or terminating your account, reporting violations to law enforcement, and seeking legal remedies.

11. Intellectual Property Rights

The Signal8 platform, including its design, user interface, proprietary algorithms, software, branding, trademarks, service marks, trade dress, and all content and materials created or developed by Signal8 (including AI-generated summaries, reports, analytical models, scoring systems, and platform features) are owned by Signal8 Inc. or its licensors and are protected by U.S. and international intellectual property laws.

Underlying SEC filing data is publicly available government data and is not owned by Signal8. However, our selection, aggregation, transformation, analysis, presentation, and derivative works based on that data are proprietary to Signal8.

Subject to these Terms, Signal8 grants you a limited, non-exclusive, non-transferable, non-sublicensable, revocable license to access and use the Service for your own internal research and analysis purposes during your subscription period. This license does not include the right to: reproduce, distribute, or create derivative works from the Service or its content; use the Service or its content for any commercial purpose not expressly permitted; or remove or alter any proprietary notices.

“Signal8,” the Signal8 logo, and related marks are trademarks of Signal8 Inc. You may not use our trademarks without our prior written consent.

12. AI-Generated Content

Signal8 uses large language models (“LLMs”) to generate filing summaries, 1-minute assessments, ROFR extractions, research reports, and AI chat responses (collectively, “AI Content”). AI Content is generated automatically and may contain errors, omissions, hallucinations, or outdated information.

AI Content does not constitute legal, financial, investment, or any other form of professional advice. You should always verify AI Content against the original source filing on SEC EDGAR before relying on it for any purpose. Signal8 makes no representation or warranty regarding the accuracy, completeness, or reliability of any AI Content.

By using AI chat features, you acknowledge that your chat messages may be processed by the LLM infrastructure (including third-party AI model providers). Do not input personally identifiable information, confidential business information, material non-public information (“MNPI”), or any other sensitive information into AI chat.

Signal8 does not use your AI chat inputs, conversations, or account content to train any artificial intelligence model, whether operated by Signal8 or by third parties.

13. Financial Data Disclaimer

Data provided through the Service is sourced from publicly available SEC filings and from third-party financial data providers. Signal8 aggregates and processes this data using automated means, including AI-based extraction.

Signal8 makes no guarantees regarding the accuracy, completeness, timeliness, or fitness for any particular purpose of any data provided through the Service. Market data may be delayed. SEC filing extraction results are subject to parsing and AI interpretation errors. ROFR extractions, dilution scores, and similar derived outputs are estimates based on automated analysis and may not reflect the full legal context of a filing.

You are solely responsible for verifying all data against primary sources (such as the original SEC filing on EDGAR) before relying on it for any business or investment decision. Signal8 is not liable for any errors in the underlying data provided by third-party sources.

14. Portfolio and Brokerage Integration

Certain subscription tiers allow you to connect brokerage accounts through a third-party brokerage integration service. Signal8 acts as a technology interface and is not a broker-dealer or custodian of your brokerage assets. The brokerage connection is governed by the brokerage integration provider's terms of service and your brokerage agreement.

Signal8 is not responsible for the accuracy of holdings data returned from connected brokerages, for any errors or interruptions in the brokerage integration, or for any actions taken in your brokerage account. We do not store your brokerage login credentials. Brokerage connections should be used for viewing purposes only; Signal8 does not execute trades.

15. IR Widget and IR Alert Services

Companies may embed a Signal8 IR widget on their investor relations websites. The widget allows external visitors (“IR Subscribers”) to subscribe to receive press release and SEC filing alert emails. IR Subscribers do not need a Signal8 account.

Companies that use the IR widget represent that they have the right to collect and share IR Subscriber email addresses with Signal8 for the purpose of sending filing alerts, and that their use of the widget complies with all applicable laws, including CAN-SPAM, CASL, and GDPR as applicable.

IR Subscribers may unsubscribe from alerts at any time by clicking the unsubscribe link in any alert email. Signal8 is not responsible for the content of press releases or filings, and the alerts are informational only.

16. Third-Party Services

The Service integrates with or depends on third-party services, including a payment processor, a transactional email provider, an SMS provider, a brokerage integration provider, third-party financial data providers, and third-party AI model providers. Your use of these services is subject to their respective terms of service and privacy policies. Signal8 is not responsible for the availability, accuracy, or conduct of any third-party service.

The Service may contain links to external websites. Signal8 does not endorse and is not responsible for the content, privacy practices, or terms of any linked third-party website.

17. Notifications and Communications

By creating an account, you consent to receive transactional emails from Signal8 at the email address you provide. These include email verification messages, security alerts, password reset emails, and subscription billing communications. You may not opt out of transactional emails while your account is active.

Alert notifications (watchlist alerts, ROFR alerts, insider alerts, etc.) are optional and can be enabled or disabled in your account settings at any time. SMS alerts require verification of your phone number and can be disabled at any time. Web push notifications require browser permission and can be revoked at any time.

SMS verification & account security texts. If you provide a mobile phone number to sign in to or secure your account, you consent to receive one-time verification codes and account security alerts from Signal8 at that number. These are transactional messages only — we never send marketing or promotional texts on this channel (promotions are delivered by email or push). Message frequency varies, and message & data rates may apply. You can opt out at any time by replying STOP to any message; reply HELP for help, or contact us at [email protected]. Carriers are not liable for delayed or undelivered messages.

18. Indemnification

You agree to indemnify, defend, and hold harmless Signal8 Inc. and its officers, directors, employees, contractors, agents, licensors, and successors (collectively, the “Signal8 Parties”) from and against any and all claims, damages, losses, liabilities, costs, and expenses (including reasonable attorneys' fees) arising out of or relating to: (a) your use of or inability to use the Service; (b) your violation of these Terms; (c) your violation of any applicable law or regulation; (d) your violation of any rights of a third party; (e) any investment or business decision you make based on information obtained through the Service; or (f) any dispute between you and a third party. Signal8 reserves the right, at your expense, to assume the exclusive defense and control of any matter for which you are required to indemnify us, and you agree to cooperate with our defense of such claims.

19. Disclaimer of Warranties

THE SERVICE AND ALL CONTENT, DATA, AND MATERIALS PROVIDED THROUGH THE SERVICE ARE PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS, WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED. TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, SIGNAL8 EXPRESSLY DISCLAIMS ALL WARRANTIES, INCLUDING IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT, AND ANY WARRANTIES ARISING FROM COURSE OF DEALING OR USAGE OF TRADE.

SIGNAL8 DOES NOT WARRANT THAT: (A) THE SERVICE WILL BE UNINTERRUPTED, ERROR-FREE, OR SECURE; (B) ANY DEFECTS OR ERRORS WILL BE CORRECTED; (C) THE SERVICE OR ANY DATA PROVIDED THROUGH IT IS ACCURATE, COMPLETE, RELIABLE, OR CURRENT; OR (D) THE SERVICE IS FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS.

SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OF CERTAIN WARRANTIES, SO SOME OF THE ABOVE EXCLUSIONS MAY NOT APPLY TO YOU.

20. Limitation of Liability

TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT SHALL SIGNAL8 INC. OR ANY SIGNAL8 PARTY BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, PUNITIVE, OR EXEMPLARY DAMAGES, INCLUDING DAMAGES FOR LOSS OF PROFITS, REVENUE, DATA, GOODWILL, BUSINESS OPPORTUNITIES, OR OTHER INTANGIBLE LOSSES, ARISING OUT OF OR RELATED TO YOUR USE OF OR INABILITY TO USE THE SERVICE, WHETHER BASED ON WARRANTY, CONTRACT, TORT (INCLUDING NEGLIGENCE), OR ANY OTHER LEGAL THEORY, EVEN IF SIGNAL8 HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

IN NO EVENT SHALL SIGNAL8'S TOTAL CUMULATIVE LIABILITY TO YOU FOR ALL CLAIMS ARISING OUT OF OR RELATED TO THESE TERMS OR THE SERVICE EXCEED THE GREATER OF: (A) THE TOTAL FEES PAID BY YOU TO SIGNAL8 IN THE TWELVE (12) MONTHS PRECEDING THE CLAIM; OR (B) ONE HUNDRED U.S. DOLLARS ($100.00).

THIS LIMITATION APPLIES REGARDLESS OF THE FORM OF ACTION AND EVEN IF SIGNAL8 HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. SOME JURISDICTIONS DO NOT ALLOW THE LIMITATION OF CERTAIN DAMAGES, SO SOME OF THE ABOVE LIMITATIONS MAY NOT APPLY TO YOU.

21. Termination

Signal8 may suspend or terminate your access to the Service at any time, with or without cause, with or without notice, including if Signal8 reasonably believes you have violated these Terms. Upon termination, your right to use the Service will immediately cease and your API keys will be revoked.

You may delete your account at any time by contacting [email protected]. Upon deletion, your account will be marked inactive. Some data may be retained as required by law or for legitimate business purposes as described in the Privacy Policy.

Sections 3, 10, 11, 12, 13, 18, 19, 20, 22, 23, 24, 25, and 26 of these Terms shall survive any termination or expiration of these Terms.

22. Dispute Resolution and Arbitration

PLEASE READ THIS SECTION CAREFULLY. IT AFFECTS YOUR LEGAL RIGHTS.

Informal Resolution. Before filing any claim, you agree to contact Signal8 at [email protected] and attempt to resolve the dispute informally for at least 30 days.

Binding Arbitration.If informal resolution fails, any dispute, controversy, or claim arising out of or relating to these Terms or the Service (including questions about arbitrability) shall be resolved by binding individual arbitration administered by the American Arbitration Association (“AAA”) under its Consumer Arbitration Rules (or Commercial Arbitration Rules if applicable), as amended by these Terms. The arbitration shall be conducted in Sheridan, Wyoming, or by remote hearing. The arbitrator's award shall be final and binding and may be entered as a judgment in any court of competent jurisdiction.

Right to Opt Out. You may opt out of this arbitration agreement by sending written notice to [email protected] within thirty (30) days of first accepting these Terms. Your notice must include your full name, account email, and a clear statement that you wish to opt out of arbitration. If you opt out, disputes between you and Signal8 will be resolved in the courts identified in Section 23, but the Class Action Waiver below still applies. Opting out will not affect any other provision of these Terms.

Class Action Waiver. YOU AND SIGNAL8 EACH WAIVE THE RIGHT TO PARTICIPATE IN CLASS ACTION LITIGATION OR CLASS-WIDE ARBITRATION. ALL CLAIMS MUST BE BROUGHT IN YOUR INDIVIDUAL CAPACITY AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS OR REPRESENTATIVE PROCEEDING.

Non-Severability of Class Waiver. If the Class Action Waiver above is found to be unenforceable as to any claim or remedy, then the entirety of this Section 22 (Dispute Resolution and Arbitration) shall be null and void with respect to that claim, and the claim shall proceed in the courts identified in Section 23 on an individual, non-class basis only. The remainder of these Terms shall remain in full force and effect.

Exceptions. Either party may seek emergency injunctive relief in a court of competent jurisdiction to prevent irreparable harm pending arbitration. Claims of intellectual property infringement may be brought in court.

23. Governing Law and Venue

These Terms are governed by and construed in accordance with the laws of the State of Wyoming, without regard to its conflict of law principles. To the extent any dispute is not subject to mandatory arbitration, you and Signal8 consent to the exclusive jurisdiction and venue of the state and federal courts located in Sheridan County, Wyoming for resolution of such disputes.

24. Geographic Scope

The Service is offered and intended solely for users located in the United States. Signal8 makes no representation that the Service is appropriate or available for use in any other jurisdiction. If you access the Service from outside the United States, you do so on your own initiative and at your own risk, and you are responsible for compliance with all applicable local laws. Nothing in these Terms shall be construed as subjecting Signal8 to the laws or jurisdiction of any country other than the United States.

25. General Provisions

Entire Agreement. These Terms, together with the Privacy Policy, constitute the entire agreement between you and Signal8 regarding the Service and supersede all prior agreements and understandings.

Severability. If any provision of these Terms is held to be invalid, illegal, or unenforceable, the remaining provisions shall continue in full force and effect.

No Waiver.Signal8's failure to enforce any right or provision of these Terms shall not be deemed a waiver of such right or provision.

Assignment. You may not assign your rights or obligations under these Terms without our prior written consent. Signal8 may assign these Terms freely, including in connection with a merger, acquisition, or sale of assets.

Force Majeure. Signal8 shall not be liable for any delay or failure to perform resulting from causes outside its reasonable control, including acts of God, natural disasters, pandemic, war, terrorism, government action, internet or utility outages, or third-party service failures.

Export Compliance. You agree to comply with all applicable U.S. export laws and regulations. You represent that you are not located in a country subject to a U.S. Government embargo and are not on any U.S. Government denied-party list.

26. Copyright and DMCA Policy

Signal8 respects intellectual property rights and complies with the Digital Millennium Copyright Act (DMCA), 17 U.S.C. § 512. If you believe content on the Service infringes your copyright, send a written notice to our Designated Copyright Agent containing: (a) your physical or electronic signature; (b) identification of the copyrighted work claimed to have been infringed; (c) identification of the material claimed to be infringing and its location on the Service; (d) your contact information; (e) a statement of good-faith belief that use is not authorized; and (f) a statement, under penalty of perjury, that the information is accurate and that you are authorized to act on behalf of the copyright owner.

Designated Copyright Agent: Signal8 Inc., Attn: DMCA Agent, 1309 Coffeen Ave, Suite 1200, Sheridan, WY 82801. Email: [email protected].

Signal8 will respond to valid DMCA notices and may remove allegedly infringing material. Repeat infringers' accounts will be terminated.

27. Contact Information

If you have any questions, concerns, or requests regarding these Terms, please contact us: