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Risk Disclosure

Know the risks.

Risk Disclosure & Investor Acknowledgement

Effective Date: 19-06-2026

This Risk Disclosure & Investor Acknowledgement ("Disclosure") applies to all visitors, users, prospective investors, existing investors and any other persons accessing or using www.unlistedarena.com ("Website") or engaging with Unlisted Arena Investments ("we", "us", "our").

Investments in unlisted securities involve a high degree of risk and may not be suitable for all investors. Before making any investment decision, investors are advised to carefully evaluate their financial circumstances, investment objectives, risk appetite and ability to bear potential losses.

By accessing the Website, submitting an enquiry, requesting pricing information, engaging in discussions regarding any unlisted security, making payment, or proceeding with any transaction, you acknowledge that you have read, understood and accepted the risks, limitations and disclosures contained herein.

1. Nature of Unlisted Securities

Unlisted securities are securities that are not listed or traded on any recognized stock exchange. Such securities generally have a different risk profile from securities listed on recognized stock exchanges and may be subject to additional risks, including but not limited to limited liquidity, pricing uncertainty, reduced public disclosures and regulatory risks.

Investors should understand that investments in unlisted securities are speculative in nature and may involve substantial risk of loss.

2. High-Risk Nature of Investment

Investments in unlisted securities are inherently risky and may result in partial or complete loss of invested capital.

The value of an investment may fluctuate significantly due to various factors, including company performance, business conditions, market sentiment, economic developments, industry-specific factors, management decisions, regulatory developments and other external factors, many of which may be unforeseeable.

Past performance, historical valuations, prior transactions or market expectations should not be considered indicators of future performance.

3. Liquidity Risk

Unlisted securities are not traded on a recognized stock exchange and generally do not have an active or continuous trading market. As a result, liquidity in such securities may be limited and investors may face difficulties in selling or otherwise disposing of their holdings.

Investors may experience difficulty in selling, transferring or otherwise exiting their investments. There may be limited or no buyers available when an investor wishes to sell their holdings.

The time required to liquidate an investment may vary substantially and investors may not be able to sell their securities at their desired price or within their preferred timeframe.

Unlisted Arena Investments does not guarantee liquidity, availability of buyers, exit opportunities or successful disposal of any investment.

4. Valuation and Pricing Risk

Unlike securities traded on recognized stock exchanges, unlisted securities generally do not have transparent, continuously discoverable or exchange-determined market prices.

Valuations and transaction prices may vary significantly depending upon market conditions, demand and supply, transaction size, availability of securities, investor interest and other relevant factors.

Any valuation, indicative price, market estimate, trend score, trend meter, sentiment indicator, demand-supply indicator or other information provided through the Website, communications, marketing materials or other channels should not be construed as investment advice, a recommendation, a guarantee of value or an indication of future transaction prices.

The Website may display analytical tools, calculators, historical price charts, trend scores, trend indicators, sentiment metrics, demand-supply indicators and other informational or data-driven insights. Such information may be based on internal methodologies, available data, market observations, assumptions and other factors, and may be incomplete, delayed, inaccurate, outdated or subject to change without notice.

Such tools and indicators are provided solely for informational purposes and should not be construed as investment advice, research recommendations, forecasts, guarantees of future performance, indications of future price movements, liquidity, valuations or investment outcomes, or as recommendations to buy, sell or hold any security. Investors should not rely upon such tools or indicators as the sole basis for any investment decision.

Investors acknowledge that actual transaction prices may differ materially from historical prices, indicative prices, displayed prices, market estimates, trend indicators, sentiment metrics or expectations.

5. Indicative Pricing Disclosure

Any prices displayed on the Website are indicative in nature and are provided solely for informational purposes.

Displayed prices may change without notice and may vary based on availability, market conditions, demand and supply dynamics, transaction size, counterparty availability, settlement requirements and other relevant factors.

The display of any price on the Website shall not constitute an offer, solicitation, commitment, assurance or guarantee that a transaction can or will be executed at such price.

Final transaction pricing, if any, shall be determined only at the time of transaction confirmation and may differ from prices previously displayed or communicated.

6. Business and Financial Risk

The performance of any company whose securities are offered, discussed or referenced on the Website may be adversely affected by numerous factors including operational challenges, financial difficulties, competitive pressures, changes in management, industry developments, litigation, regulatory actions or economic conditions.

A company may incur losses, experience deterioration in financial performance, fail to meet expectations or cease operations altogether.

Investors may suffer substantial losses, including loss of their entire investment.

7. Information and Disclosure Risk

Unlisted companies may not be subject to the same disclosure requirements, reporting standards, governance obligations or public scrutiny applicable to companies listed on recognized stock exchanges.

Information relating to unlisted companies may be limited, delayed, incomplete, unaudited, subject to revision or otherwise unavailable.

Investors may have access to less information than would ordinarily be available in relation to listed securities.

8. IPO and Listing Risk

Any discussion, commentary, analysis, article, blog content, market expectation, media report or publicly available information relating to a potential initial public offering, proposed listing or future listing event should not be interpreted as a certainty, assurance or guarantee of such event occurring.

A company may postpone, modify, delay, withdraw or abandon any proposed listing or public offering at any time.

Even where a listing occurs, the timing, valuation, market performance and investor outcomes may differ significantly from expectations.

Even where a listing occurs, investors may be subject to applicable lock-in requirements, transfer restrictions, regulatory conditions or other limitations that may affect their ability to sell, transfer or otherwise dispose of their securities following listing. Investors should be aware that securities acquired prior to a public listing are generally subject to regulatory restrictions following listing. The duration, applicability and scope of such restrictions may vary depending upon the regulatory framework in force at the relevant time and may change from time to time pursuant to applicable laws, regulations or regulatory interpretations.

Unlisted Arena Investments does not guarantee that any company will undertake an initial public offering or become listed on any stock exchange. Any reference to a potential IPO, listing event or expected timeline is provided solely for informational purposes and should not be construed as a prediction, commitment, assurance or guarantee.

9. Regulatory, Legal and Tax Risk

Investments in unlisted securities may be affected by changes in applicable laws, regulations, governmental policies, taxation frameworks, compliance requirements or regulatory interpretations.

Future regulatory actions or changes may affect valuation, transferability, ownership rights, taxation, liquidity, reporting obligations or investment outcomes.

Investors are solely responsible for understanding and complying with all legal, regulatory, tax and compliance requirements applicable to them.

10. Settlement and Transfer Risk

Transactions in unlisted securities generally involve off-market transfers through the applicable depository system and are subject to completion of documentation, verification procedures and settlement requirements.

Transfer timelines may vary and delays may occur due to operational, administrative, regulatory, technical or other reasons.

Unlisted Arena Investments does not guarantee the completion, settlement or transfer of any transaction. A transaction may be delayed, modified, suspended, cancelled or may not proceed to completion due to operational, administrative, regulatory, technical, depository-related, documentation-related, availability-related or other relevant factors.

Unlisted Arena Investments does not guarantee completion, settlement or transfer of any transaction within any specified period. Delays may occur due to operational, administrative, regulatory, technical, depository-related, documentation-related or other factors, and transaction timelines may vary accordingly.

11. Eligibility of Investors

Investors are responsible for ensuring that they are legally eligible to acquire, hold and transfer unlisted securities.

Any non-resident investor shall be solely responsible for ensuring compliance with all applicable requirements, restrictions, approvals, reporting obligations and other conditions applicable to their investment.

Any investment by a non-resident investor shall be subject to the applicable regulatory framework in force at the relevant time. Where permitted, such investments may only be undertaken on a non-repatriable basis and subject to all applicable conditions, restrictions and compliance requirements.

Unlisted Arena Investments shall not be responsible for determining or verifying an investor's legal eligibility beyond such documentation as may be requested during the transaction process.

12. No Investment Advice or Recommendation

The Website is intended solely to provide general information regarding unlisted securities and related matters.

Nothing contained on the Website, in marketing materials, communications, discussions, presentations, emails, messages or interactions with our representatives shall constitute investment advice, financial advice, legal advice, tax advice, accounting advice, research recommendations, portfolio management services or any other regulated advisory service.

Any information, discussion, opinion, market commentary, company-related information, valuation, pricing information, analytical tools, trend indicator, sentiment metric or other communication provided by Unlisted Arena Investments is intended solely for informational purposes and should not be construed as a recommendation, solicitation, endorsement or advice to buy, sell or hold any security.

Any investment decision made by an investor shall be based solely upon the investor's independent judgment, evaluation and assessment and due diligence.

Investors should consult their own professional advisers before making any investment decision.

13. No Fiduciary Relationship

Access to the Website, communication with our representatives or participation in any transaction shall not create any fiduciary, advisory, agency, client-adviser, portfolio management or similar relationship between the investor and Unlisted Arena Investments.

No person should interpret any information provided by us as acting in a fiduciary capacity or as providing personalized investment recommendations.

14. Information Accuracy Disclaimer

Information available on the Website may be compiled from publicly available sources, company communications, market participants and other sources believed to be reliable.

However, while reasonable efforts may be made to maintain accuracy and relevance, Unlisted Arena Investments makes no representation, warranty or guarantee, whether express or implied, regarding the accuracy, completeness, adequacy, reliability, correctness, timeliness or suitability of any information available on the Website or communicated through any channel.

Information may contain inaccuracies, omissions, typographical errors or outdated content and may be modified, updated or removed without notice.

Financial statements, company information, operational metrics, valuations, shareholding data, business updates and other information displayed on the Website may be obtained from third-party sources, company communications, publicly available materials or other sources believed to be reliable. Unlisted Arena Investments does not independently verify all such information and makes no representation or warranty regarding its accuracy, completeness or correctness.

15. Not a Stock Exchange

Unlisted Arena Investments is not a recognized stock exchange, securities exchange, clearing corporation, depository or similar market infrastructure institution.

Unlisted Arena Investments does not operate, manage, maintain or provide any stock exchange, securities exchange, trading venue, trading platform, matching engine, clearing mechanism, order-matching facility or similar exchange-based marketplace, market infrastructure facility or organized trading system.

Transactions involving unlisted securities are not executed through any recognized stock exchange platform merely because information relating to such securities is displayed or discussed on the Website.

Investors should not assume that unlisted securities benefit from the transparency, liquidity, pricing mechanisms, regulatory oversight or investor protections generally associated with exchange-traded securities.

16. No Guarantee of Returns or Outcomes

Unlisted Arena Investments does not guarantee returns, profits, capital appreciation, listing gains, liquidity, successful exits, valuation growth, future listings, public offerings or achievement of any financial objective.

Any projections, estimates, assumptions, market views, expected timelines or expectations, if communicated, are inherently uncertain and may not materialize.

All investments involve risk and actual outcomes may differ materially from expectations.

17. Investor Responsibility and Independent Due Diligence

Investors are solely responsible for conducting their own due diligence and evaluating the suitability of any investment.

No information provided by Unlisted Arena Investments should be relied upon as the sole basis for an investment decision.

Investors acknowledge that they have had adequate opportunity to seek independent legal, financial, tax and professional advice and have made their own assessment regarding the merits and risks of the investment.

18. Limitation of Reliance and Liability

Investors acknowledge that any investment decision is made entirely at their own discretion, judgment and risk.

To the maximum extent permitted under applicable law, Unlisted Arena Investments shall not be liable for any direct, indirect, incidental, consequential, special, exemplary or punitive loss, damage, expense, liability or claim arising from or relating to:

  • Any investment decision;
  • Any purchase, holding or sale of unlisted securities;
  • Any decline in valuation or loss of capital;
  • Any delay in settlement, transfer or exit;
  • Any delayed, failed, suspended, cancelled or incomplete transaction;
  • Any liquidity constraints;
  • Any regulatory, legal or tax consequences;
  • Any inaccuracy, omission or delay in information;
  • Any failure of a company to achieve expected business, financial or listing outcomes; or
  • Any reliance placed upon information available through the Website or other communications.
  • Any other matter arising from or relating to the acquisition, holding, transfer, valuation or disposal of unlisted securities.

19. Acknowledgement and Acceptance

By accessing the Website, submitting an enquiry, requesting pricing information, engaging in discussions regarding any unlisted security, making payment, or proceeding with any transaction, you irrevocably acknowledge and agree that:

  • You have read and understood this Risk Disclosure & Investor Acknowledgement;
  • You understand the risks associated with investments in unlisted securities;
  • You are capable of evaluating and bearing the financial risks involved;
  • You are making investment decisions independently and at your own risk;
  • You have not relied solely upon information provided by Unlisted Arena Investments; and
  • You accept full responsibility for the consequences of your investment decisions.

If you do not agree with any part of this Disclosure, you should refrain from accessing the Website or proceeding with any transaction involving unlisted securities.

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