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Risk disclosures

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Risk disclosures

The 15 most important things to know about risk

  1. Hedonova engages in speculative investments that come with risk. As with any investment, there is a chance of losing all or a portion of your investment. Before investing, it is important to assess your financial ability, experience, and willingness to bear such risks.
  2. It is recommended to invest in Hedonova using discretionary funds specifically designated for speculative purposes. It is advisable to exercise caution when considering investing and to use only discretionary funds that are earmarked for long-term investments, rather than emergency funds or other funds that are needed in the short term.
  3. Hedonova's investment may not be suitable or preferable for all investors. Only eligible and qualified investors should consider investing in Hedonova.
  4. Hedonova's offering documents have not been reviewed or approved by federal or state regulators.
  5. Hedonova's investments may be leveraged and come with volatility in performance.
  6. Hedonova has a short operating history. Such history or performance should be reviewed carefully and investors should not rely solely on it when making investment decisions.
  7. The trading authority over investments lies with Hedonova's manager or advisor.
  8. Hedonova may rely on a single advisor or employ a single strategy, which could mean a lack of diversification and higher risk.
  9. Hedonova may rely on third-party managers or advisors, whose identities may not be disclosed to investors, for investing expertise and experience.
  10. Hedonova's investments may involve complex tax structures, which should be reviewed carefully, and may cause delays in important tax information being sent to investors.
  11. Hedonova is not required to provide periodic pricing or valuation information to investors.
  12. Hedonova may maintain strict confidentiality when disclosing information about its underlying investments to investors.
  13. Hedonova may invest a substantial portion of its portfolio in foreign countries, which could mean higher risk.
  14. An investment in Hedonova may be illiquid and there may be significant restrictions on transferring interests in the fund. There is currently no secondary market for investments in Hedonova, and none is expected to develop in the near future.
  15. Hedonova's fees and expenses, which may be substantial regardless of any positive return, will offset the Hedge Fund’s trading profits and our managers/advisors may be subject to various conflicts of interest.

General risk disclosures


Before deciding whether alternative investments with Hedonova are suitable for you, it is important to consider the information presented in this risk disclosure statement. An investment with Hedonova includes, but is not limited to, investments in hedge funds, fund of funds, equities, mutual funds, real estate, bonds, income sharing arrangements, cryptocurrencies, investment partnerships and managed account platforms, and more.

This risk disclosure statement applies to your use of Hedonova's website and other digital assets, as well as all of their contents, including but not limited to, content, articles, analysis, research tools, emails, notifications, text, data, visuals, information, materials, software, and graphics contained or provided through it in any form or media, and all services that may be provided in conjunction with it. By using the website, registering as a member of the company, or accepting any related services from the company, you confirm that:

  1. You have carefully read and understood this risk disclosure statement.

  2. You acknowledge and agree to the terms and conditions outlined in this risk disclosure statement.

In consideration of Hedonova agreeing to allow you to use the website, you acknowledge, understand and agree to the following:

Investing in alternative investments has the potential for high returns, but it also carries a higher degree of risk. It is important to have a clear understanding of the risks involved and to carefully evaluate your own investment objectives and risk tolerance before making any investment decisions. If you are comfortable assuming these risks, alternative investments can provide a valuable addition to your investment portfolio. Remember to seek the guidance of a financial advisor before investing any money, and never invest more than you can afford to lose.

By choosing to invest with Hedonova, you acknowledge and confirm that you have reviewed and understood the risks associated with alternative investments. You represent and warrant that you have considered your investment objectives, level of experience, and risk tolerance before making the investment decision. Alternative investments carry a high level of risk, and there is a possibility of losing some or all of your initial investment. You should only invest money that you can afford to lose without compromising your financial well-being.

Hedonova is an unregistered private investment partnership (sometimes known as a fund or pool). This allows it to invest in a variety of market strategies and instruments, including securities, non-securities, and derivatives, which can lead to potentially high returns. However, it is important to understand that with this flexibility comes higher risk, and there is no guarantee of returns. It is important to carefully consider your investment objectives and seek advice from an independent financial advisor before investing with Hedonova. Hedonova uses different investment, hedging, leverage, and arbitrage techniques to manage its portfolio. Regulatory bodies do not review or approve the investment documents associated with Hedonova, and Hedonova is not obligated to provide pricing or valuation information to its investors at regular intervals.

Hedonova may use investment strategies that are speculative and risky. Alternative investments may have unique strategies that don't have an easily comparable benchmark or index. Hedge fund performance can be volatile, and some alternative investments may use leverage, which can increase risk. It's important to keep in mind that there's no guarantee that alternative investment goals, objectives, benchmarks, or targeted returns will be achieved. Strategies meant to hedge risk may not always be successful. Some alternative investments may have a lack of diversification and higher risk if they're solely focused on a single advisor or strategy. Some alternative investments may execute a portion, or even a substantial portion, of trades on foreign exchanges or over-the-counter markets, which could involve a higher degree of risk.

Investments with Hedonova may have limited liquidity and carry high management fees. Alternative investments may be illiquid or have limited liquidity, and there may be significant restrictions on transferring interests when there is no secondary market and none is likely to develop. Fees and expenses, which may be substantial regardless of any positive return, may offset the profits earned. Alternative investments may have a complex tax structure (which should be reviewed carefully) as well as delays in the dissemination of important tax information.

Past performance is not indicative of future results. The past performance of any investment, including those with Hedonova, does not guarantee future performance or effectiveness. Users of the website must exercise independent judgment when making investment decisions and expressly assume full responsibility for any losses. Past performance does not guarantee or indicate future results.

No guarantees of profit. There are no guarantees of profits, dividends, or freedom from loss in investments. You have received no such guarantees from Hedonova or from any of its agents, employees, or affiliates. You are aware of the risks associated with alternative investments and are financially capable of bearing such risks and withstanding losses incurred, if any.

The use of the website is informational only. Hedonova is not an investment adviser, as defined by the Investment Advisers Act of 1940, and has no plans to register as one. Hence, the company is not an adviser or a fiduciary to you or any other user of the website. Neither the website nor any information provided on it constitutes an offer to buy or sell, or a solicitation of an offer to buy or sell, any security or investment. Each and every decision you make to buy or sell a security, as well as whether a security is appropriate or proper for you, is an independent decision. You agree that the company has no fiduciary duty to you and bears no responsibility for any liabilities, claims, damages, costs, or expenses, including attorneys' fees, incurred as a result of your use of the website or any data contained therein.

The preceding summary is not a complete account of the risks and other important disclosures associated with alternative investments, and is subject to the more extensive and specific disclosures contained in such documents, with respect to any particular alternative investment. 

Before making any investment, investors should carefully review all of our offering documents with their financial, legal, and tax advisors to decide whether an alternative investment is suitable for them given their investment objectives, financial status, and tax situation. This brief statement cannot, of course, disclose all the risks and other aspects of alternative investments. By using the website or the data contained therein in any way, you hereby acknowledge that you have received, read, understood and agree to be bound by this risk disclosure statement.

General risks

Before investing, you should carefully consider the following factors:

Market Conditions: Market Conditions such as illiquidity and certain market rules, such as market hours, dealing hours, and trade suspension, may make it difficult or impossible to complete transactions or enter or exit investments, thus increasing the risk of loss.

Social & Political Factors: Government policy and wider political, social, and environmental issues have the potential to significantly affect the value of investments. For example, regulation can constrict industry, just as favorable tax breaks can benefit it. Political decisions, instability, and changes to public sentiment create uncertainties for business and therefore represent a risk to the profitability of investments.

Transactions in Foreign Jurisdictions: Transactions on foreign markets may expose you to additional risks. Such markets may be subject to different regulations, which may offer different or diminished investor protection and your local regulatory authority may be unable to compel them to enforce their rules.

Currency Risks: The profit or loss for transactions in foreign currency-denominated contracts, whether traded in your jurisdiction or another, will be affected by currency rate fluctuations where there is a need to convert from the contract's currency denomination to another currency, which can result in profit or loss.

Trading Facilities: Most open-outcry and electronic trading facilities are supported by computer-based component systems for the order-routing execution, matching, registration, or clearing of trades. As with all facilities and systems, they are vulnerable to temporary disruption or failure. Our ability to recover certain losses may be subject to limits on liability imposed by the system provider, the market, the clearing house, and/or member firms. Such limits may vary.

Electronic Trading: Trading on an electronic trading system may differ from trading in an open-outcry market as well as trading on other electronic trading platforms. If Hedonova undertakes transactions on an electronic trading system, we will be exposed to risks associated with the system including hardware and software failure. Any system failure may result in our order not being executed according to instructions or not being executed at all, resulting in potential financial loss.

Off-Exchange Transactions: Off-exchange transactions may involve increased risks and be less regulated, or subject to a separate regulatory regime. In some jurisdictions and only under restricted circumstances, firms are permitted to deal outside of a regulated exchange or to perform off-exchange transactions. The firm with which we deal may be acting as our counterparty to the transaction. It may be difficult or impossible to liquidate an existing position, assess the value or determine a fair price, or assess your exposure to risk.

Foreign Markets: Foreign markets involve different risks. The potential for profit or loss from transactions on foreign markets will be affected by fluctuations in foreign exchange rates.

Interest Rates: Changes in interest rates can have an effect on the value of securities. The value of securities can fall when interest rates rise. Changes in interest rates can affect not only the value of securities but also the overall economy and financial markets. For example, a significant increase in interest rates can lead to a recession, which can result in widespread market losses.

Fees and Charges: It is important that you obtain a clear explanation of all transaction, dealing, third party, and ancillary charges as well as other fees for which you will be liable. These charges will affect your net profit (if any) or increase your loss. You should also ensure that you understand the extent of your exposure to potential loss.

Taxation: We recommend that you seek independent tax advice before making any investment to ensure that you understand the potential tax implications of acquiring, entering into, holding, and disposing of the relevant investment or transaction (including any applicable income tax, goods and services or value added taxes, stamp duties, and other taxes). Different transactions may have different tax implications and the tax consequences of any transaction are dependent on your individual circumstances and may change in the future. Hedonova does not offer tax advice, and any tax-related information you receive from us should not be construed as tax advice or a tax recommendation.

Change in Investment Policy: The manager of a fund typically has the authority to alter its investment policy within certain parameters by amending the fund’s prospectus. Alteration in the fund's investment policy could represent a significant change in the nature and risk profile of the fund.

Loss of Key Personnel: Loss of key personnel could affect the fund's management and the risk profile of the fund. It could impact the fund's performance and increase the risk of losses.

Custodial Risk: There are risks involved in dealing with the custodians or brokers who hold the investments or settle the trades. In the event of a custodian or broker's insolvency or bankruptcy, the portfolio may be delayed or restricted from recovering its assets or estates, and may only have a general unsecured claim against the custodian or broker for those assets. In recent brokers' or other financial institutions' insolvencies, the capacity of investors to recover assets from the insolvent estate has been delayed, restricted, or hindered, often unpredictably. There is no assurance that any assets held by Hedonova with a custodian or broker will be readily recoverable.

Geographic Concentration: The fund may be particularly susceptible to economic, political, regulatory, and other events or conditions affecting companies and countries in the geographic regions where the portfolio invests. Currency devaluations could occur in countries that have not yet experienced currency devaluation to date or could continue to occur in countries that have already experienced such devaluations. As a result, the fund may be more volatile.

Growth Securities: Because growth securities typically trade at a higher multiple of earnings than other types of securities, their market values may be more sensitive to changes in current or expected earnings. In addition, growth securities may not perform as well as value securities or the stock market in general at times and may fall out of favor with investors for varying periods of time.

Emerging markets: Investments in emerging markets entail additional risks associated with political and economic uncertainty, adverse government policies, restrictions on foreign investment and currency convertibility, currency exchange rate fluctuation, higher volatility, inadequate liquidity, possible lower levels of disclosure and regulation, and uncertainties regarding the status, interpretation, and application of laws, including those concerning private ownership of assets, expropriation, nationalization, and confiscation.

Large block transactions: Because a large proportion of Hedonova blocks are held by a small number of investors, the fund faces the risk that these individuals will purchase or redeem units in large amounts frequently or unexpectedly. These transactions could adversely affect the ability of the portfolio to conduct its investment program. For example, they could force us to sell portfolio securities or purchase portfolio securities unexpectedly and incur substantial transaction costs. We may also hold a higher proportion of its assets in cash in anticipation of large redemptions, as well as huge sums in cash pending investment in securities, lowering returns.

Value securities risk: Value securities carry the risk of never reaching what the investment managers believe is their full market value, either because the market fails to recognize the stock’s intrinsic worth or the portfolio managers misjudged it. They may also decline in price, even though in theory they are already undervalued. Because different types of stocks tend to shift in and out of favor depending on the market and economic conditions, the portfolio’s performance may sometimes be lower or higher than other types of portfolios, such as those emphasizing growth stocks.

Significant withdrawal risk: A significant withdrawal of capital from the fund may affect the portfolio and its investors adversely. For example, Hedonova may be required to sell its more liquid portfolio investments to meet a large redemption. The portfolio’s remaining assets may be less liquid, more volatile, and more difficult to price. Hedonova may limit redemptions from the fund (potentially for an extended period of time) and also determine whether to make any such redemptions in cash, in kind, or a combination of both. Any limitation on redemptions may be imposed in response to market factors or actual or anticipated redemption activity, which may occur unpredictably. Investors in the fund may not receive prior notice of any such limitations, and may not receive notice of their imposition for some time after they are imposed. As a result, you may be unable to redeem your investment at any particular time or on the terms you might expect.

Small and mid-sized companies: Investments in small and medium-sized companies often involve greater risks than investments in larger, more established companies because these companies may lack the management experience, financial resources, product diversification, experience, and competitive strengths of larger companies. Securities of small and medium companies may trade on the over-the-counter market or on regional securities exchanges and their trading frequency and volume may be significantly lower and more volatile than that of larger companies.

Special situations: Securities of companies that are involved in an initial public offering or a major corporate event such as a business consolidation or restructuring, may present a special risk because of the high degree of uncertainty that can be associated with such events. Securities issued in initial public offerings are often issued by companies that are in the early stages of development, have a history of little or no revenues, and may operate at a loss following the offering. It is possible that there will be no active trading market for the securities after the offering, and the market price of the securities may be subject to significant and unpredictable fluctuations. Investing in special situations may have a magnified effect on the performance of portfolios with small amounts of assets.

Regulatory uncertainty: Market events can result in significant regulatory reform, which could have an impact on how portfolio managers operate their businesses or pursue client objectives. For example, the US Securities and Exchange Commission took interim emergency measures to prohibit short selling in over 800 financial services companies from September 19 to October 3, 2008, due to market events. Regulators in other countries have taken similar action. This short sale ban imposed temporary limitations on their ability to fully implement certain investment strategies. There is no guarantee that similar limitations or other regulatory constraints will not be imposed in the future.

Securities lending: Hedonova may engage in securities lending arrangements in order to enhance its returns. This entails lending securities from the fund's portfolio to counterparties for a set period of time in exchange for the deposit of collateral that the fund can invest to earn additional returns. Such arrangements would expose you to additional credit risk from the counterparties to the securities lending contracts. In the event that a counterparty fails to meet its obligations and/or the value of the collateral deposited falls below the value of the securities lent, the fund's net asset value will suffer.

Risk of investment in other pools: If Hedonova invests in another fund, it is exposed to the risk that the underlying fund will not perform as expected. Hedonova is indirectly exposed to all of the risks associated with an investment in the underlying fund. The investment policies and limitations of the underlying fund may not be the same as those of Hedonova; as a result, Hedonova may face additional or different risks, as well as a lower investment return. Hedonova assumes the proportionate risk of an underlying fund pool's expenses in which it invests.

Risks associated with particular asset classes


Equities

Owning equities (shares or stocks) in a company provides an opportunity to participate in the company’s profit and performance, in the form of dividends and capital growth. Individual shares and stock markets can be volatile, especially in the short term. Some shares are likely to be more volatile than others. This will be based, among other things, on the business, geographic location, and size of the company. Equity investments face a greater risk of significant loss if there is a lack of diversification, such as an over-reliance on stocks in a single company, industry sector, or country.

The liquidity of shares is a critical factor. This refers to our ability to realize shares when we so wish. Shares in companies that are not traded frequently can be very difficult to sell. Many shares that are traded on stock exchanges are bought and sold infrequently and finding a buyer may not always be easy.

In positive market conditions equities will tend to be one of the best-performing asset classes, while in negative environments there is the potential to lose much of our initial capital.


Note-based products

A note-based product is a hybrid security that typically consists of a debt security combined with a derivative linked to an underlying instrument. The performance will be contingent on the underlying instrument's performance and the coupon available on the debt security. Investors should also be aware that there is a default risk associated with the debt security which means they could lose some or all of their invested capital.

When we attempt to redeem deposit-based products before their maturity dates, we may be forced to sell at a discount to face value due to illiquidity. Investors should be aware that during the life of the investment, Hedonova bears the credit risk of the financial institution where the capital is on deposit. This means that, even if the investment performs well, we could lose all or some of the invested principal and any returns if the issuer or guarantor becomes insolvent.


Derivatives

Derivatives are financial instruments; their value is dependent upon or derived from the value of other assets, such as one or more underlying securities, pools of securities, options, futures, indexes or currencies. Losses involving derivative instruments may be substantial. A relatively small price movement in the underlying security(ies), instrument, currency or index may result in a substantial loss for the portfolio. In addition to the potential for increased losses, the use of derivative instruments may lead to increased volatility within the portfolio. Derivative instruments will typically increase the portfolio’s exposure to material risks to which it is already exposed, as well as introduce additional risks such as correlation risk, counterparty credit risk, hedging risk, leverage risk, and liquidity risk. 

Correlation risk is related to hedging risk and refers to the possibility of an incomplete correlation between the hedge and the opposite position, which may result in increased or unanticipated losses.

Counterparty credit risk refers to the possibility that a counterparty to the derivative instrument would go bankrupt or otherwise fail to meet its obligations owing to financial difficulties, resulting in the portfolio losing all or part of its investment, with any recovery being delayed.

Hedging risk refers to the risk that derivative instruments used to hedge against an opposing position will offset losses as well as gains. There is no guarantee that a hedging strategy will eliminate the risk that it is intended to offset, which may lead to losses within the portfolio.

Leverage risk refers to the risk that losses from the derivative instrument may be greater than the amount invested in it.

Liquidity risk refers to the risk that the derivative instrument will be difficult or impossible to sell or terminate, forcing the portfolio managers to make decisions they would not otherwise make, such as accepting a lower price for the derivative instrument, selling other investments, or foregoing a more appealing investment opportunity. Derivative instruments which are not traded on an exchange, including but not limited to, forward contracts, swaps and over-the-counter options, may have increased liquidity risk. Certain derivatives have the potential for unlimited losses, regardless of the size of the initial investment. 


Forward foreign currency contracts

Hedonova may enter into forward foreign currency contracts, which are types of derivative contracts, whereby the portfolio may buy or sell a country’s currency at a specific price on a specific date, usually 30, 60, or 90 days in the future. The contract guarantees an exchange rate on a given date. These contracts, however, will not prevent the portfolio’s securities from falling in value during foreign market downswings. The portfolio may enter into forward foreign currency contracts for risk management (hedging) or investment purposes. The inability of the portfolio to precisely match forward contract amounts and the value of securities involved may reduce the effectiveness of the portfolio’s hedging strategy. Forward foreign currency contracts used for hedging may also limit any potential gain that might result from an increase in the value of the currency. When entering into forward foreign currency contracts for investment purposes, unanticipated changes in the currency markets could result in poor portfolio performance.

Hedonova may designate cash or securities in an amount equal to the value of the portfolio’s forward foreign currency contracts, which may limit the portfolio’s investment flexibility. If the value of the securities declines, additional cash or securities will be so designated. The portfolio may engage in an offsetting transaction at maturity of a forward foreign currency contract and may incur a loss to the extent that there has been movement in forward contract prices. When the portfolio converts its foreign currencies into Canadian dollars, it may incur currency conversion costs due to the spread between the prices at which it is buying and selling various currencies.


Commodities

The market for trading in commodities is speculative and highly volatile. Prices for commodities are affected by a variety of factors, including changes in supply and demand relationships, governmental programmes and policies, national and international political and economic events, wars and acts of terror, changes in interest and exchange rates, trading activities in commodities and related contracts, weather and agricultural harvest, trade, fiscal, monetary and exchange control policies. The price volatility of each commodity also affects the value of the futures and forward contracts related to that commodity and  its price at any such time. The volatility of commodity prices is significant and often higher than that of equity portfolios. The commodities markets are typically less liquid than markets of equity and interest or currency-related products. Due to market movements, investors may suffer a substantial or even total loss of your investment. 


Direct property investments

Direct property investments seek to benefit from capital appreciation and rental increases to generate returns for investors. These investments will perform well when the economic environment is strong, but in periods of recession, capital values tend to fall. If we dispose of the property when market values fall, we may be forced to sell at a significant discount. Investing in direct properties involves more concentration risk than investing in a diversified property fund, and performance may be negatively affected by specific geographic factors or tenants defaulting. The use of leverage will also affect investment performance.


Real Estate Investment Trusts (REITs)

Hedonova invests in securities of companies operating in the real estate industry and REITs; these portfolios are more susceptible to risks associated with the ownership of real estate and the real estate industry in general. These risks can include fluctuations in the value of the underlying properties, defaults by borrowers or tenants, market saturation, decreases in market rates for rents, and other economic, political, or regulatory occurrences affecting the real estate industry, including REITs. REITs depend upon specialized management skills and may have limited financial resources, less trading volume, and may be subject to more abrupt or erratic price movements than the overall securities markets. They are also subject to the risk of failing to qualify for pass-through of income. Some REITs, especially mortgage REITs, are affected by risks similar to those associated with debt securities investments, such as changes in interest rates and the quality of credit extended. 

Risks specific to cryptocurrency investments


Technological risks

Digital asset technology is rapidly evolving and highly interdependent, with market intermediaries constantly changing and updating core business functions. Offering documents quickly become outdated due to technological advancement. Digital assets on a distributed ledger present unique cybersecurity risks relating to the physical security of the asset. Unlike equity, debt, and futures instruments, which are representations of an underlying asset and cannot typically be “stolen,” digital ownership of assets is based on encryption techniques that generate units independent of a centralised repository of ownership, represented by access codes, which can be misappropriated or lost in ways that are unrecoverable. Although exchanges, custodians, and various hardware and computer programs have made progress in mitigating the risk of loss, the basic cybersecurity risk of trading and holding digital assets remains a critical risk for funds and their investors.  


Intermediary risks

Hedonova relies heavily on custodians to execute trades and safely hold custody of assets on behalf of the fund. For a traditional hedge fund, the custodian keeps fund assets in an unbroken chain from trading to liquidation, with a strong structure in place based on decades of precedent and industry evolution. Custody of investor assets poses substantial dangers for digital asset funds, as well as regulatory problems over compliance with the SEC's custodial regulations needed of registered investment advisers. Unlike traditional liquid markets, there are no prime brokers for virtual assets to facilitate the trading and safeguarding of crypto assets, a role generally played by an investment bank.


Regulatory risks

There are numerous regulatory uncertainties surrounding blockchain and distributed ledger technologies. Because global and national standards are far from being fully established, Hedonova faces heavy disclosure obligation to not only disclose existing regulatory considerations but the potential outcome of various regulatory issues that have yet to be decided.  The comprehensive regulation needed to facilitate institutional investment will require the coordination of global standards, particularly for the exchanges. For U.S. governance, regulatory standards will likely be set not by a single authority, but by a combination of state, national, international and industry bodies, judicial precedent, international agreements, and industry associations. Moreover, digital assets investments are inherently global. Even for fund managers drawing on an investor base solely located within its home country, regulatory issues across the world can have direct and indirect impacts on the investment portfolio.  Crypto exchange platforms, custodians, counter-parties, and (for centralized exchanges) token issuers are rarely all located within a single jurisdiction.



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Disclosure

Hedonova's security offering is SEC qualified under 506(c) exemption of Regulation D of the Securities Act of 1933. Please visit the SEC's EDGAR database for qualification documents. Before you invest, you should review the Form CRS and Form BI.

ISIN: US42280H1059

CUSIP: 42280 H105

Bloomberg: BBG019Y1VK73



This website contains certain forward-looking statements that are subject to various risks and uncertainties. Forward-looking statements are generally identifiable by use of forward-looking terminology such as “may,” “will,” “should,” “potential,” “intend,” “expect,” “outlook,” “seek,” “anticipate,” “estimate,” “approximately,” “believe,” “could,” “project,” “predict,” or other similar words or expressions. Forward-looking statements are based on certain assumptions, discuss future expectations, describe future plans and strategies, or state other forward-looking information. Our ability to predict future events, actions, plans or strategies is inherently uncertain and actual outcomes could differ materially from those set forth or anticipated in our forward-looking statements. You are cautioned not to place undue reliance on any of these forward-looking statements.

We are "testing the waters" under Regulation D under the Securities Act of 1933. The information contained on the Hedonova.com website has been prepared by Hedonova without reference to any particular user’s investment requirements or financial situation. Potential investors are encouraged to consult with professional tax, legal, and financial advisors before making any investment into a Hedonova offering. All investments involve risk, including the risk of the loss of all of your invested capital. Please consider carefully the investment objectives, risks, transaction costs, and other expenses related to an investment prior to deciding to invest. Diversification and asset allocation do not ensure profit or guarantee against loss. Investment decisions should be based on an individual’s own goals, time horizon, and tolerance for risk.

Our materials may include historical appreciation percentages that are based on historical price trends. Such information is not intended to be indicative of returns that would have been achieved on Hedonova shares during such periods. Fees, expenses and other factors will create significant differences between the performance of an investment in Hedonova's securities and investment appreciation rates.

The information contained herein neither constitutes an offer for nor a solicitation of interest in any specific securities offering. For any proposed offering pursuant to an offering statement that has not yet been qualified by the SEC, no money or other consideration is being solicited, and if sent in response, will not be accepted. No offer to buy the securities can be accepted and no part of the purchase price can be received until the offering statement has been qualified by the SEC. Any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of acceptance given after the date of qualification. An indication of interest involves no obligation or commitment of any kind.

Hedonova LLC is located at 8, The Green, Suite B, City of Dover, Delaware 19901.

Hedonova Bahamas LLC is located at Suite 205A, Saffrey Square, Bay Street, N9934, Nassau, The Bahamas.

All copyrights and trademarks belong to Hedonova LLC.



Important

About
Careers
FAQs
Fee
Risk
Blog
How it works
Contact us


Legal

One Pager
Documents
Disclaimer
Terms of use
Privacy
Cookies
GDPR
Modern Slavery


+1 (213) 340-1334

hello@hedonova.io

Hedonova's security offering are SEC qualified under 506(c) exemption of Regulation D of the Securities Act of 1933. Please visit SEC's EDGAR database for qualification documents.  Before you invest, you should review the Form CRS.

Hedonova LLC is located at 8, The Green, Suite B, City of Dover, Delaware 19901. All copyrights and trademarks belong to Hedonova LLC and Hedonova Research LLC

Hedonova Bahamas LLC is located at Suite 205A, Saffrey Square, Bay Street, N9934, Nassau, The Bahamas.

ISIN: US42280H1059

CUSIP: 42280H 105

Bloomberg: BBG019Y1VK73

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General Disclosure

Hedonova.io, LLC (together with its affiliated entities, collectively "Hedonova") operates a website at www.hedonova.io (the "Site" or “Hedonova Platform”). The information contained on the Site that is generally available to non-members (i.e. persons who have not established a user profile) neither constitutes an offer for nor a solicitation of interest in any securities offering. If an indication of interest or reservation is provided, it may be withdrawn or revoked, without obligation or commitment of any kind prior to being confirmed by the investor and accepted by Hedonova and any offer, solicitation or sale of any securities will be made only by means of an offering circular, private placement memorandum, or prospectus. Any person considering investing in an offering referenced on the Site should carefully review the documents on file with the Securities and Exchange Commission (the “SEC”) relating to such an offering. An exempt offering of shares or interests will only be made pursuant to the relevant Offering Circular or Private Placement Memorandum (a ”Memorandum”) and subscription documents. The Site contains active hyperlinks to such information and, with respect to public offerings pursuant to Regulation A, it can be found under the name of the respective issuer entity on www.sec.gov. None of the information on the Site or in other promotional materials distributed by Hedonova is a substitute for such detailed information filed with the SEC (“SEC Materials”) or set forth in a Memorandum. We refer to SEC Materials together with all information on the Site (including this Important Disclosure) and other promotional materials distributed by Hedonova as “Materials”. The information contained herein will be qualified in its entirety by reference to the SEC Materials, Memorandums and other agreements and documents referred to therein, which contain additional information about the investment objective, terms, risks, and conditions of an investment.

Except as otherwise indicated, the Site is maintained by Hedonova in its sole and absolute discretion and Hedonova is solely responsible for the content on this website. No broker-dealer member of FINRA is or has been involved in the development or dissemination of this website, but any page(s) on the password-protected portion of the Site that identify a broker-dealer or that are otherwise used by a representative of a broker-dealer in connection with sales activities are reviewed and approved by a principal of the broker-dealer. Broker-dealers licensed with FINRA may participate in offerings sponsored by Hedonova as underwriters or placement agents.

Nothing contained herein shall be deemed to be binding against, or to create any obligations or commitment on the part of, any potential investor, the offering sponsors, or the respective affiliates. No person has been authorized to give any information or make any representation or warranty regarding the subject matter hereof, either express or implied, and, if given or made on this website, in other materials, or verbally, such information, representation, or warranty cannot and should not be relied upon, nor is any representation or warranty made as to the accuracy, content, suitability, or completeness of the information, analysis, or conclusions, or any information furnished in connection herewith contained in this presentation.

Past performance is no guarantee of future results and past historical appreciation rates of artwork may not be indicative of future appreciation rates. An investor can lose money. Diversification and asset allocation do not ensure a profit or guarantee against loss. Investment decisions should be based on an individual’s own goals, time horizon, and tolerance for risk.

Hedonova.io and its affiliates are independent and unaffiliated with any broker-dealer participating in a securities offering conducted through the Site. Any securities transactions or related activities by Hedonova affiliated entities are conducted by registered representatives of one or more FINRA-licensed broker-dealers, or by Hedonova associated persons in their capacity as a “principal” to the transaction pursuant to SEC Rule 3a4-1.

No money or other consideration is being solicited, and will not be accepted without such potential investor having been provided the applicable offering document. Joining the Site neither constitutes an indication of interest or reservation of shares in any offering nor involves any obligation or commitment of any kind.

There can be no assurance that an investment mix or any actual performance or appreciation rate shown on the Site will lead to the expected results shown or perform in any predictable manner. It should not be assumed that investors will experience returns in the future, if any, comparable to those shown or that any or all investors on the Site experienced such returns. Likewise, it should not be assumed that historical artwork appreciation rates are predictive of future appreciation rates.

The information presented on the Site regarding each offering merely constitutes a summary of such information and is qualified in its entirety by the disclosure contained in each issuer's offering circular or Memorandum available on the Site. There can be no guarantee that any offering available on the Site will achieve its business objectives or that a painting or collection of paintings will appreciate in value or be able to be sold.

Offers to sell, or the solicitations of offers to buy, any security can only be made through official offering documents that contain important information about risks, fees and expenses. Investors should conduct their own due diligence, not rely on the financial assumptions or estimates displayed on the Site, and are encouraged to consult with a financial advisor, attorney, accountant, and any other professional that can help you to understand and assess the risks associated with any investment opportunity.

Neither the SEC nor any state securities commission or regulatory authority approved, passed upon or endorsed the merits of any investment on the Site. Each investor should always carefully consider investments in any security and be comfortable with his/her understanding of the investment. Investors should not construe any Materials as tax, legal or investment advice. Investors are urged to seek independent advice from their own advisors for legal, tax or investment advice.

All product names, logos, and brands are property of their respective owners. Use of these names, logos, and brands is for identification purposes only, and does not imply endorsement or affiliation.

Services available on the Site do not constitute "crowdfunding" as described in Title III of the Jumpstart Our Business Startups Act ("JOBS Act"). Hedonova is not registered as a broker-dealer and is not a member of FINRA. Hedonova is not registered as an investment company under the Investment Company Act of 1940, as amended (the “Investment Company Act”) and the membership interests do not have the benefit of the protections of the Investment Company Act. Furthermore, Hedonova is not registered as an investment adviser under the Investment Advisers Act of 1940, as amended (the “Investment Advisers Act”), and the members of Hedonova issuers will not have the benefit of the protections of the Investment Advisers Act. Neither FINRA, the SEC or any other regulatory organization endorses, indemnifies, or guarantees any offering referenced on this website. The SEC does not pass upon the merits of or give its approval to any securities offered or the terms of any offering, nor does it pass upon the accuracy or completeness of any offering circular or other solicitation materials.

No offeree will be accepted as a subscriber who does not make the representations set forth in the subscription agreement accompanying each Memorandum or Offering Circular, including, when applicable, the representation that such offeree is an accredited investor and is acquiring the membership interests for investment and not with a view to resale or distribution thereof in violation of applicable securities laws, and, when applicable, that the investment amount does not exceed 10% of the offeree’s net worth or annual income. Investors also will be required to represent that they are familiar with and understand the terms of each relevant offering, among other things. Investors may also be required to provide additional information to verify their identity or investor status.

The shares will not be offered or sold to prospective investors subject to the Employee Retirement Income Security Act of 1974 and regulations thereunder, as amended (“ERISA”).

Investors are urged to review the disclaimers, Hedonova Terms of Use and Privacy Policy and cautionary statement regarding forward-looking statements at the bottom of the landing page of the Site.

This Important Disclosure is deemed to be incorporated by reference in its entirety into any social media communication, advertisement, email or other communication which contains a link to this page at www.hedonova.io/disclaimer.