Dropping Coverage

Research evidence excerpt

Dropping Coverage

arch, whether on a BTIG research website or through a third-party platform, BTIG is able

to search, filter, download and review information on the readership of BTIG’s research, including the specific research consumed

and the name, company name, email address and, in certain circumstances, the location of the individual who accessed the

research (the “Readership Information”). Recipient consents to BTIG’s receipt of the Readership Information, including receipt

of that information from a third party.

Without BTIG’s prior written consent, recipients of BTIG research reports and any other BTIG material whether accessed from a

BTIG research website, by email or other electronic means, or through a third-party platform are not permitted to use, in whole

or in part, BTIG research reports or any other BTIG material, in connection with or to enable development of machine learning, or

other similar technologies, or to train third-party or proprietary artificial intelligence technologies, models, software, platforms,

tools or similar technologies, or as a prompt or input to any such technologies.

The research analyst(s) responsible for the preparation of this report receives compensation based upon a variety of factors,

including the quality and accuracy of research, internal/client feedback, and overall Firm revenues.

Artificial intelligence tools may have been used in the preparation of this material, including assisting in fact-finding, data analysis,

pattern recognition, and content drafting.

BTIG, LLC Marie Thibault (212) 527-3557 www.btig.com