Disclosures

Last updated October 19, 2026

Not investment advice

The Signal (novaonesignal.com) and everything else published on this site are for information only. Nothing here is investment, legal, tax or accounting advice, and nothing here is a recommendation to buy, sell or hold any security. Readers should make their own decisions, with their own advisers, based on their own circumstances.

Not an offer

Nothing on this site is an offer to sell, or a solicitation of an offer to buy, any security or any interest in any fund, partnership or other investment vehicle. Any such offer would be made only through formal offering documents, to qualified investors, and only where permitted by law.

Not a registered adviser

Nova One Capital is not registered as an investment adviser or a broker-dealer with the U.S. Securities and Exchange Commission or any state securities regulator.

Positions

Nova One Convergence Partners (formerly known as the Nova X Convergence Fund) and its principals may hold positions in securities discussed in The Signal, and may buy or sell them at any time without notice, including after publication. Positions are described as of the date of each letter and may have changed since.

Opinions and forward-looking statements

The letters express opinions as of their publication date. They contain forward-looking statements that involve risk and uncertainty, and actual outcomes may differ materially. Opinions may change without notice, and earlier letters are not updated.

Data and sources

Market data and third-party information are taken from sources believed to be reliable, and are cited where used, but their accuracy and completeness are not guaranteed.

Risk

All investing involves risk, including the possible loss of principal. Past performance does not guarantee future results.