Effective 3 September 2026. Supersede the terms dated 30 July 2026.
These Terms of Service (the "Terms") are a binding agreement between you and SANSPNASH, a California sole proprietorship doing business as The Origination Engine (the "Operator", "we", "us"), governing your use of the website at pipe.mvat.ai (the "Site"), the subscription email brief, dossiers, data files, calculators, telephone line at (775) 252-8333 and related services (together, the "Service"). By accessing the Site, requesting a sample brief, starting a trial, subscribing, or calling the line, you accept these Terms. If you act for a firm, you represent that you are authorized to bind it, and "you" includes the firm.
Read Section 3 first. The Service is an information product derived from public filings. It is not investment advice, not a recommendation, not a research report, not an offer or solicitation, and the Operator is not a registered investment adviser, broker-dealer, or member of FINRA. You are solely responsible for any decision you make.
The Service reads publicly available filings on the U.S. Securities and Exchange Commission's EDGAR system and public exchange disclosures for a defined universe of U.S.-listed issuers, applies a published, rules-based scoring rubric, and delivers a ranked list of issuers with an explanation of the filing signals that caused each to surface (the "Brief"). The rubric, its weights and its known limitations are published at pipe.mvat.ai/rubric. Historical performance of the rubric is published at pipe.mvat.ai/evidence.
The Service is provided to businesses and professionals for their internal business use. It is not offered to, and may not be used by, consumers for personal, family or household purposes.
You must be at least eighteen years old and able to form a binding contract. You are responsible for the accuracy of the information you give us, for keeping your email account secure, and for the acts of any colleague you designate to receive the Brief. You will notify us promptly of any unauthorized use.
The Brief and everything else on the Site are general information about public companies derived from their own public filings. They do not take account of your objectives, financial situation, mandate or needs, and nothing in them is, or should be construed as, a recommendation to buy, sell, hold, finance, underwrite, place, lend to, or enter into any transaction in or with any security or issuer, or an opinion on the merits, value, suitability or timing of any transaction. The presence of an issuer in the Brief means only that its public filings matched the published rubric on the day.
The Operator is not registered as an investment adviser under the Investment Advisers Act of 1940 or any state law, is not registered as a broker or dealer under the Securities Exchange Act of 1934, is not a member of the Financial Industry Regulatory Authority ("FINRA"), and is not a bank, credit rating agency, or fiduciary to you. The Operator relies on the exclusion in Section 202(a)(11)(D) of the Investment Advisers Act for publishers of bona fide publications of general and regular circulation and on the fact that the Service is impersonal and not tailored to any individual security transaction. The Brief is not a "research report" within the meaning of FINRA Rule 2241 or Regulation Analyst Certification, is not prepared by a research analyst, and carries no certification. The Operator does not effect, solicit or arrange transactions in securities, does not act as a finder or placement agent, and receives no transaction-based compensation.
The Service uses only information that is publicly available from EDGAR and public exchange disclosures. The Operator does not obtain, and the Service does not incorporate, material non-public information, expert-network consultations, or company-identifiable alternative data, and the Operator has no relationship with any issuer covered by the Service. Nothing in the Service is intended to, or does, facilitate trading on the basis of material non-public information. You represent that you will not use the Service in connection with any transaction in violation of the federal securities laws, Regulation FD, or any duty of trust or confidence you owe to any person.
You are a sophisticated professional and will make your own independent evaluation of any issuer before any decision or contact, using the primary filings the Brief links to. You are solely responsible for compliance with all laws, rules, regulations, exchange requirements and internal policies applicable to you and your firm, including those governing communications with issuers, solicitation, suitability, know-your-customer, anti-money-laundering, the handling of non-public information, and the conduct of registered persons.
Figures are derived from documents that issuers themselves prepared and filed, and from structured data that issuers themselves tagged, which is sometimes late, stale, erroneous or mistagged. The Service reproduces what was filed and shows the date of each figure. The Operator does not audit, verify or warrant the accuracy, completeness or timeliness of any filing or of any figure derived from it.
The backtest published on the Site is a point-in-time historical simulation over a defined window and universe, with the methodology and limitations stated on the evidence page. It is not a forecast, guarantee, or indication of future results. Precision and recall figures are cohort statistics and say nothing about any particular issuer.
The Service is sold as a continuous, automatically renewing monthly subscription. The price is US$1,500 per seat per month, plus any applicable taxes, charged through Stripe to the payment method you provide. The subscription renews automatically each month at that price until you cancel. This disclosure is made in accordance with California Business and Professions Code section 17600 et seq. (the Automatic Renewal Law) and comparable laws.
A new subscription begins with a fourteen-day free trial. A payment method is collected at signup. No charge is made during the trial. Unless you cancel before the trial ends, the first monthly charge of US$1,500 is made automatically on the day the trial ends and on the same day each month thereafter. If no valid payment method is on file when the trial ends, the subscription is cancelled and nothing is charged. We send a reminder by email before the trial converts.
You may cancel at any time, online and without contacting anyone, through the cancellation link in every Brief and in every Stripe receipt, or by emailing billing@mvat.ai. Cancellation takes effect at the end of the then-current billing period; the Brief continues until then and no further charge is made. There are no cancellation fees.
Because the Service is delivered daily and the trial allows a full evaluation at no cost, fees are non-refundable and there are no refunds or credits for partial months, except where required by law or where we, in our sole discretion, elect to provide one.
We may change the price on at least thirty days' notice by email. The new price applies from the first renewal after the notice period. If you do not agree, cancel before that renewal.
If a charge fails, we may retry it, suspend delivery of the Brief until payment succeeds, and cancel the subscription if payment is not received within fourteen days.
Prices exclude sales, use, value-added and similar taxes, which you are responsible for where applicable.
Subject to these Terms, we grant you a limited, non-exclusive, non-transferable, revocable license to receive and use the Brief for your internal business purposes at the subscribing firm. One seat entitles the named subscriber and up to two designated colleagues at the same firm to receive each Brief.
You will not, and will not permit anyone to: redistribute, resell, sublicense, publish, syndicate or make the Brief or any substantial portion of it available to any person outside the subscribing firm; forward the Brief to more persons than your seat permits; remove any notice; use the Service to build a competing product; reverse engineer the scoring beyond what is published; use automated means to access the Site except as expressly permitted; use the Service in violation of law; or use the Service to contact issuers in a manner that violates law or any exchange rule.
The Service, including the rubric, scoring logic, dossier format, site content, software and trademarks, is owned by the Operator and protected by copyright, trade-secret and trademark law. Public filings and figures drawn from them are not claimed as our property. Feedback you give us may be used without restriction or compensation.
The line at (775) 252-8333 is answered by an automated conversational system that identifies itself as an AI at the start of every call. Calls are recorded and transcribed to conduct the call, confirm details you give, and record the outcome; by continuing a call after the disclosure you consent to recording. The system quotes only the published price, cannot offer discounts, custom terms or refunds, never requests payment card details by voice, and may send you a secure checkout link by email at your request. Statements made by the automated system are not binding on the Operator except to the extent confirmed in writing by the Operator. Outbound calls are placed only at your explicit request. See the Privacy Notice for how call data is handled.
Each party will keep confidential any non-public information of the other disclosed in connection with the Service, including the identity of subscribers, calibration inputs, and the names a subscriber provides for calibration, and will use it only to perform under these Terms. This obligation survives termination for two years, and indefinitely for trade secrets.
The Service is provided "as is" and "as available". To the fullest extent permitted by law, the Operator disclaims all warranties, express, implied or statutory, including warranties of merchantability, fitness for a particular purpose, title, non-infringement, accuracy, completeness, timeliness, and uninterrupted or error-free operation. The Operator does not warrant that the Brief will identify any issuer that subsequently raises capital, that any issuer it identifies will do so, that any figure in it is correct, or that reliance on it will produce any result.
To the fullest extent permitted by law, in no event will the Operator be liable for any indirect, incidental, special, consequential, exemplary or punitive damages, or for any loss of profits, revenue, business, opportunity, goodwill or data, or for any trading, investment, underwriting, placement or financing loss, arising out of or relating to the Service or these Terms, however caused and under any theory of liability, even if advised of the possibility. The Operator's total cumulative liability for all claims arising out of or relating to the Service or these Terms will not exceed the fees you paid to the Operator in the twelve months preceding the event giving rise to the claim, or one hundred U.S. dollars if you have paid no fees. Some jurisdictions do not allow certain exclusions; in those jurisdictions liability is limited to the fullest extent permitted.
You will defend, indemnify and hold harmless the Operator from and against all claims, losses, liabilities, damages, costs and expenses, including reasonable attorneys' fees, arising out of or relating to your use of the Service, your breach of these Terms, your violation of law or of any third party's rights, or any decision, transaction or communication with an issuer that you make or undertake.
These Terms apply from your first use of the Service and continue until terminated. We may suspend or terminate your access immediately if you breach these Terms, if required by law, or if continuing would expose us to legal risk, and otherwise on thirty days' notice with a pro-rata refund of prepaid fees for the unexpired period. Sections 3, 5.2, 5.3, 7, 8, 9, 10, 12 and 13 survive termination.
Before filing any claim, you agree to email legal@mvat.ai with a description of the dispute and to negotiate in good faith for thirty days.
Any dispute, claim or controversy arising out of or relating to these Terms or the Service that is not resolved informally will be finally resolved by binding arbitration administered by JAMS under its Streamlined Arbitration Rules, before a single arbitrator, seated in Los Angeles County, California. The Federal Arbitration Act governs this clause. Judgment on the award may be entered in any court of competent jurisdiction. Either party may seek injunctive relief in court to protect intellectual property or confidential information.
Claims may be brought only in an individual capacity and not as a plaintiff or class member in any purported class, collective or representative proceeding.
These Terms are governed by the laws of the State of California, without regard to its conflict-of-laws rules. Subject to Section 12.2, the state and federal courts in Los Angeles County, California have exclusive jurisdiction.
These Terms, the Privacy Notice and any order confirmation are the entire agreement between you and the Operator regarding the Service and supersede all prior agreements. If any provision is held unenforceable, it will be enforced to the maximum extent permitted and the remainder will continue in effect. Our failure to enforce a provision is not a waiver. You may not assign these Terms without our consent; we may assign them to a successor. Notices to you will be sent to the email address on file; notices to us go to legal@mvat.ai. Nothing in these Terms creates a partnership, joint venture, agency, fiduciary or employment relationship.
We may revise these Terms. Material changes will be notified by email to subscribers at least fourteen days before they take effect, and the effective date above will change. Continued use after the effective date is acceptance. If you do not agree, cancel before the effective date.
SANSPNASH d/b/a The Origination Engine
15839 Woodvale Rd., Encino, CA 91436
hello@mvat.ai