EAACI 2026: HAELO Falls Short of Redemption

Research evidence excerpt

EAACI 2026: HAELO Falls Short of Redemption

Investment Ratings are based on the expected performance of a stock (based on anticipated total return to price target) relative

to the other stocks in the analyst's coverage universe (or the analyst's team coverage).*

Rating distribution Investment Banking Relationships

(as of June 11, 2026) (as of June 11, 2026)

OUTPERFORM: 76.73% OUTPERFORM: 12.23%

NEUTRAL: 21.22% NEUTRAL: 7.69%

UNDERPERFORM: 2.04% UNDERPERFORM: 0.00%

The Distribution of Ratings is required by FINRA rules; however, WS' stock ratings of Outperform, Neutral, and Underperform most

closely conform to Buy, Hold, and Sell, respectively. Please note, however, the definitions are not the same as WS' stock ratings are

on a relative basis.

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The analysts receive compensation that is based upon various factors including WS' total revenues, a portion of which are generated

by WS' investment banking activities.

Company Specific Disclosures

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This research is provided for educational and informational purposes only and is not intended to be relied upon as a forecast,

research, or investment advice, and is not a recommendation, offer, or solicitation to buy or sell any securities or to adopt any

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real and perceived general market, economic, and industry conditions. Diversification does not ensure profits or protect against loss.

This research was prepared without regard to specific investment objectives, strategies, tax status, investment horizon, financial