Terms of Service

1. Agreement to These Terms

These Terms of Service ("Terms") form a binding legal agreement between you and Daedalus Data Labs, LLC, a limited liability company ("Meridian," "we," "us," or "our"), governing your access to and use of the Meridian mobile applications, website, and related services, features, and content (collectively, the "Service").

By creating an account, checking a box indicating your acceptance, clicking "Agree & Continue" or a similar button, or otherwise accessing or using the Service, you acknowledge that you have read, understood, and agree to be bound by these Terms, by the state-specific provisions applicable to your state of residence (the "State-Specific Provisions," which are incorporated into and form part of these Terms), and by our Privacy Policy. If you do not agree, you must not access or use the Service.

You consent to enter into this agreement electronically and to receive all notices, disclosures, and communications electronically, and you agree that your electronic acceptance has the same legal effect as a handwritten signature under the federal Electronic Signatures in Global and National Commerce Act (E-SIGN) and applicable state law. We keep a record of each acceptance, including the version of these Terms accepted and a cryptographic fingerprint of its exact text.

2. Eligibility and Legal Capacity

You may use the Service only if you are at least the age of majority in your state of residence (18 in most states; see the State-Specific Provisions for your state), can form a legally binding contract, and are not barred from using the Service under the laws of the United States or any applicable jurisdiction. The Service is offered solely to residents of the United States.

By using the Service, you represent and warrant that you meet these requirements, that all information you provide is accurate and complete, and that you will keep it accurate and complete. The Service is not directed to children, and we do not knowingly collect information from anyone under 13.

3. Informational Purpose Only — Not Investment, Financial, Tax, or Legal Advice

THE SERVICE IS PROVIDED FOR GENERAL INFORMATIONAL AND EDUCATIONAL PURPOSES ONLY. Nothing in the Service constitutes, and nothing in the Service should be construed as, investment advice, financial advice, trading advice, tax advice, legal advice, accounting advice, or a recommendation, solicitation, offer, or endorsement to buy, sell, hold, or transact in any security, asset, or financial product.

Meridian is not a registered investment adviser, broker-dealer, financial planner, or fiduciary, and is not registered with or licensed by the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority, or any state securities regulator. The Service is a publication of general and regular circulation: it offers impersonal information and tools and does not provide advice tailored to any individual's financial situation, objectives, risk tolerance, or needs. Where the Service displays information about securities you hold or name, it describes that information; it does not evaluate whether any security or transaction is suitable for you. No advisory, fiduciary, or other special relationship is created between you and Meridian by your use of the Service.

Any scores, grades, factor ratings, signals, screens, simulations, projections, price targets, analyses, summaries, or other outputs are generated by automated models from third-party and public data, are inherently uncertain, may be wrong, and must not be relied upon as the basis for any financial decision. You should always conduct your own research and consult a licensed financial, tax, or legal professional before making any investment or financial decision.

4. No Reliance; Assumption of Risk

You understand that investing and trading involve substantial risk, including the possible loss of your entire principal, and that past or hypothetical performance is not indicative of future results. Forward-looking figures, backtests, price targets, and Monte Carlo or other simulations are hypothetical, rely on assumptions that may not hold, and do not represent actual results or guarantees of any outcome.

You acknowledge and agree that you are solely responsible for evaluating the merits, risks, and suitability of any investment or financial decision; that any action you take based on the Service is taken at your own risk and in your sole discretion; and that you assume full and exclusive responsibility for, and all risks associated with, any such decision and its consequences. You agree not to hold Meridian responsible for any trade, decision, gain, or loss arising from your use of the Service.

5. Artificial-Intelligence Features

Certain features of the Service, including the portfolio analyst and other written analyses, summaries, and explanations (together, "AI Features"), produce text that is generated automatically by artificial-intelligence models operated by third-party providers ("AI Output"). AI Output is produced by machine, is not written or reviewed by a person before you see it, and may differ each time the same request is made.

AI OUTPUT MAY BE INACCURATE, INCOMPLETE, OUTDATED, INCONSISTENT, OR ENTIRELY FABRICATED, INCLUDING FIGURES, FACTS, AND SOURCES THAT APPEAR AUTHORITATIVE. We apply automated checks that may withhold AI Output that cannot be matched to its inputs, but those checks are not a guarantee of accuracy, and the absence of a warning does not mean that AI Output is correct. You must independently verify any AI Output before relying on it for any purpose.

AI Output describes information; it does not recommend any transaction. AI Features are designed not to tell you to buy, sell, hold, or size any position. If any AI Output appears to recommend, urge, or discourage a specific transaction, that language is an error, does not reflect a recommendation by Meridian, and must be disregarded, and you agree not to act on it and to report it to us at contact@daedalusdatalabs.com.

When you use an AI Feature, you instruct us to send the information needed to produce the AI Output — which may include your holdings, your portfolio values, and the text of your request — to our AI providers for processing, as described in our Privacy Policy. Do not submit passwords, account numbers, government identifiers, or other people's personal information to an AI Feature.

We may limit how often AI Features may be used, change the models or providers behind them, and modify, suspend, or withdraw any AI Feature at any time. AI Output may be similar or identical to output provided to other users, and you obtain no exclusive right in it.

6. Scenarios, Simulations, and Tools You Direct

Some tools let you specify a hypothetical scenario — for example, by naming a security, a quantity or percentage, a time period, or other assumptions — and then calculate its effects, including "what-if" analyses, simulations, custom portfolios, and screens (together, "Scenario Tools"). You choose every input to a Scenario Tool, and the scenario is yours.

A Scenario Tool performs a calculation on the inputs you supply and on stated model assumptions. It does not evaluate whether your scenario is advisable, suitable, or consistent with your objectives, and the fact that the Service calculates a result for a scenario is not a suggestion, recommendation, or endorsement that you carry it out. Unless expressly stated, results do not account for taxes, commissions, fees, slippage, liquidity, or your other assets and obligations.

7. Forecasts, Price Targets, Scores, and Model Outputs

The Service publishes model outputs, including the Meridian Score, letter grades, factor ratings, and Meridian Target price ranges and probabilities (together, "Model Outputs"). Model Outputs are statistical estimates produced by automated models from third-party and public data. A price target or range is an estimate of a probability distribution; it is not a prediction, promise, or assurance that any price will be reached, by any date or at all.

Our models are under continuing development and may be revised at any time, which may change any Model Output, including Model Outputs previously displayed. Any statement of a model's historical accuracy or calibration describes past, and in some cases limited, results; it does not establish that a model has predictive skill and does not guarantee future accuracy. Scores and grades rank securities relative to one another and change as data and the universe of securities change. Model Outputs are forward-looking statements subject to risks and uncertainties that may cause actual results to differ materially.

8. Market Data and Third-Party Content

The Service incorporates data and content from third-party providers and public sources, including (without limitation) Financial Modeling Prep, Finnhub, SEC EDGAR, and your linked brokerage. Such data is provided "as is," may be delayed, incomplete, inaccurate, out of sequence, or unavailable, and is not guaranteed to be real-time, error-free, or fit for any purpose.

We do not create, verify, endorse, or guarantee third-party data and are not responsible or liable for it, for any errors or omissions in it, or for any decision you make in reliance on it. Timing-sensitive features — including economic-release and other notifications — depend on third-party publication and delivery systems we do not control, and we do not warrant that any alert will be delivered, delivered on time, or accurate. Your use of third-party data and services may also be subject to those providers' own terms.

9. Brokerage Connections

If you link a brokerage account, you authorize the Service and its data intermediaries to access your account information on a read-only basis to display your holdings, value, and related analytics. Meridian does not place trades, move money, or take any action in your brokerage account, and is not a party to your relationship with any brokerage. We are not responsible for the acts, omissions, availability, or accuracy of any brokerage or data intermediary. You may disconnect a linked account at any time.

10. Accounts, Sign-In Methods, and Security

You may sign in with a one-time code sent to your email address, or with a Google or Apple account, and you may link more than one of these methods to your Meridian account (each, a "Sign-In Method"). Anyone who can access any Sign-In Method linked to your account — including your email inbox — can access your Meridian account. You are responsible for the security of every Sign-In Method you use or link, and for all activity that occurs under your account.

We may treat any sign-in completed through a Sign-In Method linked to your account as authorized by you. If you believe a Sign-In Method or your account has been compromised, you agree to unlink that method and notify us promptly at contact@daedalusdatalabs.com. Google and Apple are independent services; we are not responsible for their availability, security, or decisions about your accounts with them. We are not liable for any loss arising from unauthorized use of your account that does not result from our failure to use reasonable care.

11. Subscriptions, Billing, and Auto-Renewal

Certain features ("Meridian Edge") require a paid subscription. Subscriptions are offered on a recurring, automatically renewing basis and are billed through the Apple App Store (in-app purchase), through Google Play (in-app purchase, via Google Play Billing), or through our web payment processor, as applicable. Unless you cancel before the end of the then-current billing period, your subscription will automatically renew, and the applicable payment method will be charged the then-current price for the next period.

Free trials. We may offer a free trial of Meridian Edge. On the web, a free trial lasts 7 days, is available once per person to those who have not previously held a web subscription, and requires a valid payment method when you start it. Unless you cancel before the trial ends, your subscription begins and your payment method is charged the then-current price on the day the trial ends, and it then renews automatically as described above. If you cancel during the trial, you will not be charged and your access to Meridian Edge ends when the trial does. Free trials offered through the App Store or Google Play, including their length and eligibility, are governed by Apple's or Google's terms and are shown to you by that platform before you start them. We may change or withdraw free-trial offers prospectively.

You may cancel at any time. For subscriptions purchased through the App Store or Google Play, manage or cancel in your Apple ID subscription settings or in your Google Play subscriptions (under your Google Account), respectively; Apple's or Google's terms and that platform's cancellation mechanics govern those purchases. For web subscriptions, cancel through the account or billing settings we provide. Cancellation takes effect at the end of the current billing period, and access continues until then.

Except where a refund is required by applicable law (see the State-Specific Provisions) or by the platform's policies, payments are non-refundable and there are no refunds or credits for partial periods. We may change subscription prices and features prospectively; we will provide notice of price changes as required by law, and your continued subscription after a price change takes effect constitutes acceptance of the new price. Additional auto-renewal disclosures and cancellation rights that apply to residents of certain states are set out in the State-Specific Provisions.

12. Acceptable Use

You agree not to: (a) use the Service for any unlawful, fraudulent, or abusive purpose; (b) copy, scrape, crawl, harvest, redistribute, resell, or commercially exploit the Service or its data except as expressly permitted; (c) reverse engineer, decompile, or attempt to derive source code or underlying models, except to the extent this restriction is prohibited by law; (d) interfere with, disrupt, overload, or circumvent any security or rate-limiting of the Service; (e) use any robot, bot, or automated means to access the Service other than as we expressly authorize; (f) misrepresent your identity or your state of residence; (g) use the Service, including any AI Output or Model Output, to provide investment advice or services to third parties, or present any of it as advice or as your own professional opinion; (h) attempt to cause an AI Feature to produce recommendations, unlawful content, or output that circumvents its safeguards; or (i) submit another person's personal or financial information without their authorization. We may suspend or terminate access for any violation.

13. Intellectual Property; Limited License

The Service, including its software, models, scores, text, design, and trademarks, is owned by Daedalus Data Labs, LLC or its licensors and is protected by intellectual-property laws. Subject to these Terms, we grant you a limited, personal, non-exclusive, non-transferable, revocable license to access and use the Service for your own personal, non-commercial use. All rights not expressly granted are reserved.

If you submit suggestions or feedback, you grant us a perpetual, irrevocable, royalty-free, worldwide license to use them without restriction or compensation.

14. Your Content

You retain ownership of information you submit (such as watchlists, alerts, holdings, and requests to AI Features). You grant us a non-exclusive, worldwide, royalty-free license to host, store, process, and use that content, and to share it with our service providers, as necessary to operate, secure, and improve the Service and as described in our Privacy Policy. You represent that you have the rights necessary to submit it.

15. Disclaimer of Warranties

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, THE SERVICE AND ALL DATA, CONTENT, AI OUTPUT, MODEL OUTPUTS, AND OTHER OUTPUTS ARE PROVIDED "AS IS" AND "AS AVAILABLE," WITH ALL FAULTS AND WITHOUT WARRANTY OF ANY KIND. WE EXPRESSLY DISCLAIM ALL WARRANTIES, WHETHER EXPRESS, IMPLIED, STATUTORY, OR OTHERWISE, INCLUDING THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, ACCURACY, AND NON-INFRINGEMENT, AND ANY WARRANTIES ARISING FROM COURSE OF DEALING OR USAGE OF TRADE.

WE DO NOT WARRANT THAT THE SERVICE WILL BE UNINTERRUPTED, TIMELY, SECURE, OR ERROR-FREE; THAT ANY DATA, SCORE, SIGNAL, AI OUTPUT, MODEL OUTPUT, OR OTHER OUTPUT WILL BE ACCURATE, COMPLETE, RELIABLE, CURRENT, OR DELIVERED; OR THAT THE SERVICE WILL MEET YOUR REQUIREMENTS OR PRODUCE ANY PARTICULAR RESULT. NO ADVICE OR INFORMATION OBTAINED FROM THE SERVICE CREATES ANY WARRANTY NOT EXPRESSLY STATED HERE. SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OF CERTAIN WARRANTIES, SO SOME OF THE ABOVE MAY NOT APPLY TO YOU; SEE THE STATE-SPECIFIC PROVISIONS.

16. Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT WILL DAEDALUS DATA LABS, LLC, ITS OWNERS, MEMBERS, MANAGERS, EMPLOYEES, AFFILIATES, LICENSORS, OR SUPPLIERS BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, EXEMPLARY, OR PUNITIVE DAMAGES, OR FOR ANY LOSS OF PROFITS, INVESTMENT LOSSES, TRADING LOSSES, LOST OPPORTUNITIES, LOSS OF DATA, OR LOSS OF GOODWILL, ARISING OUT OF OR RELATING TO THESE TERMS OR YOUR USE OF (OR INABILITY TO USE) THE SERVICE, INCLUDING ANY AI OUTPUT OR MODEL OUTPUT, WHETHER BASED IN CONTRACT, TORT (INCLUDING NEGLIGENCE), STRICT LIABILITY, OR ANY OTHER THEORY, AND WHETHER OR NOT WE HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, OUR TOTAL AGGREGATE LIABILITY FOR ALL CLAIMS ARISING OUT OF OR RELATING TO THESE TERMS OR THE SERVICE WILL NOT EXCEED THE GREATER OF (A) THE TOTAL AMOUNTS YOU PAID US FOR THE SERVICE IN THE TWELVE (12) MONTHS BEFORE THE EVENT GIVING RISE TO THE CLAIM, OR (B) ONE HUNDRED U.S. DOLLARS ($100). THE EXISTENCE OF MORE THAN ONE CLAIM WILL NOT ENLARGE THIS LIMIT. THESE LIMITATIONS ARE A FUNDAMENTAL BASIS OF THE BARGAIN AND APPLY EVEN IF A REMEDY FAILS OF ITS ESSENTIAL PURPOSE.

NOTHING IN THESE TERMS EXCLUDES OR LIMITS LIABILITY THAT CANNOT BE EXCLUDED OR LIMITED UNDER APPLICABLE LAW, INCLUDING LIABILITY FOR GROSS NEGLIGENCE, WILLFUL MISCONDUCT, FRAUD, OR FRAUDULENT MISREPRESENTATION. SOME JURISDICTIONS DO NOT ALLOW CERTAIN LIMITATIONS, SO SOME OF THE ABOVE MAY NOT APPLY TO YOU; SEE THE STATE-SPECIFIC PROVISIONS.

17. Indemnification

To the maximum extent permitted by law, you agree to defend, indemnify, and hold harmless Daedalus Data Labs, LLC and its owners, members, managers, employees, affiliates, and licensors from and against any claims, demands, liabilities, damages, losses, and expenses (including reasonable attorneys' fees) arising out of or related to: (a) your use of the Service; (b) any investment, trading, or financial decision you make, including any decision made after viewing AI Output, Model Outputs, or the results of a Scenario Tool; (c) your sharing or use of any output of the Service with or for any other person; (d) your violation of these Terms or applicable law; (e) your content or information; or (f) your violation of any third-party right. We may assume the exclusive defense and control of any matter subject to indemnification by you, in which case you agree to cooperate with our defense.

18. Release

To the maximum extent permitted by law, you release Daedalus Data Labs, LLC and its owners, members, managers, employees, affiliates, and licensors from any and all claims, demands, damages, and liabilities, known or unknown, arising out of or in any way connected with your use of the Service or any decision you make in connection with it. If you are a resident of a state whose law limits general releases of unknown claims, that limitation and any required statutory waiver are addressed in the State-Specific Provisions.

19. Time Limit to Bring Claims

To the maximum extent permitted by applicable law, any claim or cause of action that you or we may have arising out of or relating to these Terms or the Service must be commenced, in arbitration or in a court permitted by Section 20, within one (1) year after the claim or cause of action accrues; otherwise, it is permanently barred. If applicable law does not permit a period this short for a particular claim, the claim must be commenced within the shortest period that law permits. This section does not shorten any period for a claim that applicable law makes non-waivable.

20. Binding Arbitration; Class-Action and Jury-Trial Waiver

PLEASE READ THIS SECTION CAREFULLY — IT AFFECTS YOUR LEGAL RIGHTS. You and Meridian agree that any dispute, claim, or controversy arising out of or relating to these Terms or the Service ("Dispute") will be resolved exclusively by final and binding individual arbitration administered by the American Arbitration Association ("AAA") under its Consumer Arbitration Rules, rather than in court, except as provided below. The Federal Arbitration Act governs the interpretation and enforcement of this section. Fees are allocated as the AAA's rules provide.

YOU AND MERIDIAN WAIVE THE RIGHT TO A TRIAL BY JURY AND THE RIGHT TO PARTICIPATE IN A CLASS, COLLECTIVE, CONSOLIDATED, OR REPRESENTATIVE ACTION. Arbitration will be conducted on an individual basis only; the arbitrator may not consolidate or preside over claims of more than one person, except as provided for related filings below.

Exceptions: either party may (a) bring an individual claim in small-claims court if it qualifies, and (b) seek injunctive or equitable relief in court for actual or threatened infringement or misuse of intellectual property. Before initiating arbitration, you agree to first send a written notice of Dispute to the contact address below, describing the Dispute and the relief sought, and both parties agree to attempt in good faith to resolve the Dispute informally for 30 days. Any applicable limitations period is tolled during those 30 days.

Related Filings: if 25 or more demands for arbitration raising substantially similar Disputes are filed against us by or with the assistance of the same or coordinated counsel or organizations, the AAA's Mass Arbitration Supplementary Rules will apply to those demands, and the demands may be administered in batches as those rules provide. Any applicable limitations period is tolled for each demand while it awaits administration under this paragraph.

30-Day Opt-Out: you may opt out of this arbitration agreement by sending written notice to the contact address below within 30 days of first accepting these Terms, stating your name and your intent to opt out; opting out will not affect any other provision of these Terms.

Severability and Carve-Outs: if the class-action waiver is found unenforceable as to a particular claim, that claim (and only that claim) will proceed in court, and the remainder of this section will continue to apply. To the extent the law of your state provides a non-waivable right to seek "public injunctive relief" (for example, under California's McGill rule), nothing in this section waives that right, and any such claim may be brought in court after the arbitration of all arbitrable claims; the remainder of this arbitration agreement remains in force. The State-Specific Provisions control over this section to the extent of any conflict.

21. Governing Law and Venue

These Terms and any Dispute are governed by the laws of the State of California and applicable U.S. federal law, without regard to conflict-of-laws rules, and without limiting the mandatory consumer-protection rights of your home state that cannot be waived by contract. Subject to Section 20, you agree that any claim not subject to arbitration will be brought exclusively in the state or federal courts located in California, and you consent to their personal jurisdiction and venue.

22. Suspension and Termination

We may suspend, restrict, or terminate your access to the Service at any time, with or without notice, including for any violation of these Terms or to protect the Service or other users. You may stop using the Service at any time and may delete your account. Provisions that by their nature should survive termination — including Sections 3 through 7, Section 14, and Sections 15 through 21 — will survive.

23. Changes to the Service and to These Terms

We may modify, suspend, or discontinue any part of the Service at any time. We may also update these Terms from time to time. If we make a material change, we will provide reasonable notice (for example, in-app or by updating the effective date and version), and where required we will ask you to accept the updated Terms before continuing to use the Service. Your continued use after an update takes effect constitutes acceptance of the updated Terms. A change to these Terms does not apply to a Dispute of which either party had notice before the change took effect.

24. Mobile App Store Terms

This section applies if you obtained the Meridian mobile application (the "App") from the Apple App Store or Google Play. These Terms are between you and Daedalus Data Labs, LLC only, and not with Apple Inc. ("Apple") or Google LLC ("Google"). We, and not Apple or Google, are solely responsible for the App and its content.

For an App obtained from the Apple App Store: (a) your license to use the App is limited to a non-transferable license to use it on Apple-branded products that you own or control, as permitted by the Usage Rules in the Apple Media Services Terms and Conditions, except that the App may be accessed by other accounts associated with you through Family Sharing or volume purchasing; (b) Apple has no obligation to furnish any maintenance or support services for the App; (c) in the event of any failure of the App to conform to any applicable warranty, you may notify Apple, and Apple will refund the purchase price, if any, for the App to you; to the maximum extent permitted by applicable law, Apple has no other warranty obligation with respect to the App, and any other claims, losses, liabilities, damages, costs, or expenses attributable to any failure to conform to any warranty are our responsibility, to the extent they are not disclaimed by these Terms; (d) we, and not Apple, are responsible for addressing any claims by you or any third party relating to the App or your possession and use of it, including product-liability claims, claims that the App fails to conform to any applicable legal or regulatory requirement, and claims arising under consumer-protection, privacy, or similar legislation; (e) in the event of any third-party claim that the App or your possession and use of it infringes that third party's intellectual-property rights, we, and not Apple, are solely responsible for the investigation, defense, settlement, and discharge of that claim; (f) you represent and warrant that you are not located in a country that is subject to a U.S. Government embargo or that has been designated by the U.S. Government as a "terrorist supporting" country, and that you are not listed on any U.S. Government list of prohibited or restricted parties; (g) you must comply with applicable third-party terms of agreement when using the App; and (h) Apple and its subsidiaries are third-party beneficiaries of these Terms, and upon your acceptance of these Terms, Apple will have the right (and will be deemed to have accepted the right) to enforce these Terms against you as a third-party beneficiary.

For an App obtained from Google Play, your download and any purchase are also subject to the Google Play Terms of Service, and Google has no responsibility for the App, its content, or its support. Questions, complaints, or claims about the App should be directed to us at contact@daedalusdatalabs.com.

25. General

These Terms, together with the State-Specific Provisions and the Privacy Policy, are the entire agreement between you and us regarding the Service and supersede any prior agreements. If any provision is held unenforceable, it will be limited or severed to the minimum extent necessary, and the remaining provisions will remain in full effect. Our failure to enforce a provision is not a waiver. You may not assign these Terms without our consent; we may assign them in connection with a merger, acquisition, or sale of assets. We are not liable for any delay or failure to perform due to causes beyond our reasonable control (force majeure).

Nothing in these Terms creates any partnership, joint venture, agency, employment, fiduciary, or advisory relationship between you and us. Except as stated in Section 24, there are no third-party beneficiaries of these Terms. The words "including" and "for example" mean "including without limitation." Headings are for convenience only and do not affect interpretation. These Terms will not be construed against the drafter. You consent to receive communications and notices electronically.

26. Contact

Questions, notices of Dispute, and arbitration opt-out notices may be sent to Daedalus Data Labs, LLC at contact@daedalusdatalabs.com.

State-Specific Provisions

These provisions supplement the Terms above based on your state of residence and form part of the agreement you accept in the app. Select your state to view the provisions that apply to you.