Disclaimer
Confidentiality
This document and any accompanying materials are being provided on a strictly confidential basis by or on behalf of the investment management entities operating under the “Baseload VC” name, together with their affiliates and any investment funds or other investment vehicles managed or advised by them (collectively, “Baseload VC,” the “Firm,” “we,” “us,” or “our”), solely for informational and discussion purposes.
This document contains confidential and proprietary information, certain portions of which may constitute trade secrets and derive independent economic value from not being generally known or readily ascertainable. The Firm takes reasonable measures to preserve the confidentiality of such information.
By accepting this document, each recipient agrees to keep its contents strictly confidential and not to reproduce, distribute, disclose, publish, transmit, or otherwise make available any part of this document without the Firm’s prior written consent. Notwithstanding the foregoing, a recipient may disclose this document to its directors, officers, employees, professional advisers, investment committee members, and other representatives who have a need to review it for the purpose of evaluating a potential investment, provided that such persons are informed of its confidential nature and are subject to appropriate confidentiality obligations.
The recipient shall remain responsible for any unauthorized use or disclosure of this document by its representatives. Upon the Firm’s request, the recipient shall promptly return or securely destroy this document and any copies, extracts, summaries, or other materials derived from it, except to the extent that retention is required by applicable law, regulation, internal compliance policy, or professional record-keeping obligations.
Information, Estimates, and Valuations
The information contained in this document has been prepared by the Firm using sources and information that it believes to be reliable. However, no representation or warranty, express or implied, is made as to the accuracy, completeness, fairness, reasonableness, or reliability of such information, and the information should not be relied upon as such.
Certain information contained herein may have been obtained from third-party sources, including publicly available materials, industry publications, consultants, prospective or existing portfolio companies, market participants, and other sources. Although the Firm believes that such sources are reliable, it has not independently verified all such information and assumes no responsibility for its accuracy or completeness.
This document may contain estimates, projections, market data, portfolio company information, pipeline information, private-company valuations, financial forecasts, operating assumptions, market-size estimates, and assessments relating to securities, investments, prospective investments, or other financial interests. Such information reflects the Firm’s judgment, assumptions, and views as of the date of this document and is subject to change without notice.
Valuations of private companies and other illiquid assets are inherently uncertain and may be based on assumptions, estimates, methodologies, and information that may not reflect the price at which such assets could actually be sold or realized. Accordingly, no assurance can be given that any stated or implied valuation represents the fair market value or realizable value of any investment.
To the fullest extent permitted by applicable law, neither the Firm nor any of its affiliates, partners, directors, officers, employees, advisers, representatives, or agents accepts any responsibility or liability for any loss or damage, whether direct, indirect, consequential, incidental, or otherwise, arising from or relating to the use of, or reliance upon, this document or any inaccuracies, omissions, errors, or misstatements contained herein.
Forward-Looking Statements
This document contains forward-looking statements. Words and expressions such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “seek,” “should,” “target,” “will,” “would,” and similar terms are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words.
Forward-looking statements may include, among other things, statements concerning:
the Firm’s investment strategy, objectives, pipeline, and intended activities;
the anticipated performance, development, financing, or valuation of existing or prospective portfolio companies;
expected market growth and demand within the nuclear energy sector and its supply chain;
future financial, operational, technological, regulatory, or commercial outcomes;
projected investment returns, exit opportunities, or holding periods; and
the anticipated performance or objectives of any fund or investment vehicle managed or advised by the Firm.
Such statements are based on current expectations, assumptions, estimates, projections, and beliefs and involve known and unknown risks, uncertainties, and other factors that may cause actual events, results, performance, or achievements to differ materially from those expressed or implied by such forward-looking statements.
These risks and uncertainties may include, without limitation, changes in economic and market conditions, political and geopolitical developments, changes in energy policy, licensing and regulatory requirements, government support or procurement decisions, export controls, supply-chain constraints, access to nuclear fuel and critical components, availability of qualified contractors and personnel, technological development and commercialization risks, construction delays, cost overruns, financing availability, public acceptance, competitive developments, and other factors affecting the nuclear energy sector and private-market investments generally.
No assurance can be given that any forward-looking statement, projection, target, or estimate will be achieved. All forward-looking statements speak only as of the date of this document. The Firm expressly disclaims any obligation to update, revise, or publicly release any changes to such statements, whether as a result of new information, future developments, changed circumstances, or otherwise, except as required by applicable law.
Nothing contained in this document constitutes a promise, guarantee, or representation regarding the future performance of the Firm, any fund, any portfolio company, any prospective investment, or any other person or entity.
No Offer or Solicitation
This document is provided solely for informational and discussion purposes. It does not constitute, and may not be relied upon as, an offer to sell, an invitation to subscribe for, or a solicitation of an offer to purchase any security, partnership interest, fund interest, financial instrument, investment product, or investment advisory service.
No securities or interests in any fund or investment vehicle are being offered to the public through this document. Any offer or solicitation relating to an investment in a fund managed or advised by the Firm may be made only pursuant to definitive confidential offering, subscription, constitutional, and related legal documents, which will contain detailed information regarding the relevant fund, including its investment strategy, terms, fees, expenses, conflicts of interest, governance arrangements, and risk factors.
Any such offer will be made only to persons who satisfy the applicable eligibility, suitability, and regulatory requirements and only in jurisdictions where such an offer or solicitation is lawful. The terms contained in any definitive legal documents shall prevail in the event of any inconsistency with this document.
The Firm reserves the right, in its sole discretion and without notice, to amend, withdraw, terminate, or modify any proposed investment opportunity, process, terms, or structure described in this document and to reject any prospective investor for any reason permitted by applicable law.
No Investment, Legal, Tax, or Other Advice
Nothing contained in this document constitutes investment, legal, regulatory, tax, accounting, financial, commercial, technical, or other professional advice. This document is not intended to provide the sole or primary basis for any investment decision or assessment.
Each prospective investor must conduct its own independent investigation and evaluation of the Firm, the relevant fund, its investment strategy, its terms, and the risks associated with an investment. Prospective investors should consult their own legal, investment, tax, accounting, regulatory, financial, and other professional advisers before making any investment decision.
The Firm does not undertake to provide any recipient with access to additional information or to update or correct any information contained in this document, except as may be expressly agreed in writing or required by applicable law.
Investment Risks and Past Performance
An investment in a private investment fund is speculative, involves a high degree of risk, and may result in the loss of all or a substantial portion of the capital invested. Such investments are generally illiquid, may be subject to significant transfer restrictions, and may not be suitable for all investors.
Past performance is not indicative of, and should not be construed as a guarantee, representation, or reliable indicator of, future performance. Any examples of prior investments, transactions, portfolio companies, investment outcomes, or realized or unrealized returns are provided for illustrative purposes only and should not be regarded as representative of the results that may be achieved by any fund or investment vehicle.
Any target returns, projected returns, performance objectives, or similar information are hypothetical, are provided solely for illustrative purposes, and are not guarantees of future results. Actual results may differ materially, and no assurance can be given that any investment objective or target will be achieved.
Regulatory and Jurisdictional Restrictions
The distribution of this document may be restricted by law in certain jurisdictions. Each recipient is responsible for informing itself about and observing any applicable legal, regulatory, tax, or other restrictions.
This document may not be distributed or used in any jurisdiction where its distribution or use would be contrary to applicable law or regulation or would subject the Firm, any of its affiliates, or any fund managed or advised by the Firm to registration, licensing, disclosure, or other requirements that have not been satisfied.
By accepting this document, the recipient represents that it is legally entitled to receive and review it and agrees to comply with all applicable restrictions.