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Hey Snackers,
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<p style="margin:0;margin-bottom:20px">
Americans are spending less on
<a style="text-decoration: underline; color: #5869ff;">
<strong>
what matters to them the most
</strong>
</a>
: their pets, according to a
<a style="text-decoration: underline; color: #5869ff;">
<strong>
recent study
</strong>
</a>
by Bank of America. Inflation for pet services is running a little above 4%, but the prices of pet food and treats are flat. Spending at pet stores was down 4% in April compared to the previous year, likely due to
<a style="text-decoration: underline; color: #5869ff;">
<strong>
this demographic
</strong>
</a>
.
</p>
<p style="margin:0;margin-bottom:20px">
US stocks enjoyed a strong start to the shortened week after Sunday’s news that
<a style="text-decoration: underline; color: #5869ff;">
<strong>
President Donald Trump delayed boosting tariffs
</strong>
</a>
on imports from Europe to 50%. The S&P 500 gained 2%, the Nasdaq 100 rose 2.4%, and the Russell 2000 ended up 2.5% on Tuesday.
</p>
<p style="margin:0;margin-bottom:20px">
All S&P 500 sector ETFs rose, with consumer discretionary and tech outperforming.
</p>
<p style="margin:0">
Semiconductor stocks broke their seven-session losing streak, with Nvidia putting in a strong advance ahead of earnings today amid
<a style="text-decoration: underline; color: #5869ff;">
<strong>
reports that it has a new AI chip tailor-made for sale to China
</strong>
</a>
<strong>
</strong>
ready to enter mass production next month.
</p>
</div>
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<strong>
WITH APOLOGIES TO KIDMAN
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<strong>
Exhibition bounces back
</strong>
</span>
</a>
</strong>
</h1>
</td>
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<p style="margin:0">
Movie theaters have had a rough patch getting consumers back into cinemas, but a record-setting Memorial Day weekend had investors buying up the exhibition business, with
<a style="text-decoration: underline; color: #5869ff;">
<strong>
AMC theaters finishing Tuesday
</strong>
</a>
up nearly 24%.
</p>
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<li aria-level="1" style="Margin:0 0 8px 0">
AMC said in a press release that “from Thursday through the Monday holiday, AMC set
<a style="text-decoration: underline; color: #5869ff;">
<strong>
all-time weekend records
</strong>
</a>
<strong>
</strong>
for the Memorial Day holiday for admissions revenue, food & beverage revenue, and overall revenue at its domestic locations.”
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
It’s not just AMC: Regal Cinemas says that it sold 2.9 million kilograms of popcorn over the weekend, or
<a style="text-decoration: underline; color: #5869ff;">
<strong>
nearly 3,200 tons of the cinematic snack
</strong>
</a>
.
<strong>
</strong>
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
In terms of attendance, this was AMC’s best Memorial Day weekend since 2013.
</li>
</ul>
</div>
</td>
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</table>
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<p style="margin:0">
Sure, AMC has seen better days, with its stock hitting 2025 lows ahead of its first-quarter earning release, and the stock is still down 12% year to date. But revised expectations for the summer box office have many reconsidering a business that
<a style="text-decoration: underline; color: #5869ff;">
<strong>
they had otherwise left for dead
</strong>
</a>
in the age of streaming.
</p>
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THE TAKEAWAY
</span>
</h1>
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<p style="margin:0">
Hear me out: we come to this place for magic. This idea is controversial, but somehow, heartbreak feels good in a place likе this. Don’t our heroes feel like thе best part of us, and stories feel perfect and powerful?
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Because here, they are.
</strong>
</a>
</p>
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Read more
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Presented by Pacaso
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<strong>
He’s already IPO’d once – this time’s different
</strong>
</h1>
</td>
</tr>
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<img alt="" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252Fcomposer%252Fimages%252Fbazh%252F6su869qw%252Fref%252Fszn%252F5wl%252F14A-ALT_Pacaso_Partnerships-1200x800_012125_008%2520%25283%2529.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCIsInRpbWUiOjE3NDg0Mjg5MTguNjEwNDg5NH0:1uKEEQ:h53hpE65Uhh7NDwr3pR6uyJKJath9iI7kfwZNAyU10A" style="display:block;height:auto;border:0;width:100%" title="" width="550"/>
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<div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">
<p style="margin:0;margin-bottom:16px">
Spencer Rascoff co-founded Zillow, scaling it into a $16B real estate giant. But everyday investors couldn’t invest until after the IPO, missing early gains.
</p>
<p style="margin:0;margin-bottom:16px">
"I wish we had done a round accessible to retail investors prior to Zillow's IPO," Spencer later said.
</p>
<p style="margin:0;margin-bottom:16px">
Now he’s doing just that. Spencer has teamed up with Austin Allison, another Zillow exec, to launch
<a style="text-decoration: underline; color: #5869ff;" target="_self">
<strong>
Pacaso
</strong>
</a>
. Pacaso’s co-ownership marketplace is disrupting the $1.3T vacation home market.
<sup>
1
</sup>
Since they launched, they’ve already surpassed $110M in gross profit and $1B in transactions.
<sup>
2
</sup>
</p>
<p style="margin:0;margin-bottom:16px">
Unlike Zillow,
<a style="text-decoration: underline; color: #5869ff;" target="_self">
<strong>
you can invest in Pacaso as a private company
</strong>
</a>
. Pacaso’s already reserved their Nasdaq ticker: “PCSO”.
<sup>
3
</sup>
But you don’t have to wait for a potential public listing to invest.
</p>
<p style="margin:0">
<a style="text-decoration: underline; color: #5869ff;" target="_self">
<strong>
Invest in Pacaso at $2.80/share before tomorrow night.
</strong>
</a>
<sup>
<strong>
4
</strong>
</sup>
</p>
</div>
</td>
</tr>
</table>
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<span style="word-break: break-word;">
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</td>
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</td>
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</tbody>
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</td>
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</tbody>
</table>
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<strong>
GET STITCH OR DIE TRYIN’
</strong>
</span>
</span>
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<strong>
<a rel="noopener" style="text-decoration: underline; color: #5869ff;" target="_blank">
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<strong>
Mouse found in theater, everyone delighted
</strong>
</span>
</a>
</strong>
</h1>
</td>
</tr>
</table>
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<p style="margin:0">
While AMC is romping thanks to the big weekend, also taking a victory lap is Disney itself, which released its live-action “Lilo & Stitch” not on Disney+ as originally planned but in movie theaters, and it’s now hundreds of millions of dollars better for it. Yes, the film
<a style="text-decoration: underline; color: #5869ff;">
<strong>
was originally developed as a Disney+ original
</strong>
</a>
. Luckily for Disney, those plans shifted sometime around last August, when the entertainment giant announced that the film would receive a theatrical release.
</p>
</div>
</td>
</tr>
</table>
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<tr>
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<div style="margin-left:-20px">
<ul start="1" style="margin-top:0;margin-bottom:0;list-style-type:revert">
<li aria-level="1" style="Margin:0 0 8px 0">
A few months later, Disney’s “Moana 2” — a film similarly created first as a Disney+ show — debuted in theaters and went on to gross
<strong>
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
more than $1 billion
</strong>
</a>
worldwide.
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
This was a reversal for a company putting premium product on streaming first: during the height of the Covid pandemic, Disney made the direct-to-Disney+ choice for several Pixar films, including “Soul,” “Luca,” and “Turning Red.”
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
Had these titles been kept direct-to-streaming (this decade’s version of straight-to-VHS), their success would have been measured not by sales but by their ability to attract and retain Disney+ subscribers. Instead, they’ll likely still give Disney+ a boost while also scoring the company an impressive sum at the box office.
</li>
</ul>
</div>
</td>
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</table>
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<div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">
<p style="margin:0">
Putting the two movies in theaters was a
<em>
huge
</em>
financial win. That said, losing out on box office revenue is less detrimental for Disney than it would be for rivals like Warner Bros. or Comcast. Disney IP is far more valuable as a driver of merchandise and parks visits, as seen in
<strong>
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
this particularly fascinating chart from its recent revenue reports
</strong>
</a>
.
</p>
</div>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
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<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;color:#000;width:600px;margin:0 auto" width="600">
<tbody>
<tr>
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<span class="tinyMce-placeholder" style="word-break: break-word;">
THE TAKEAWAY
</span>
</h1>
</td>
</tr>
</table>
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<p style="margin:0">
Stitch-themed toys, clothing, and gear are a massive sales driver for Disney, with or without a film in theaters. Last year, 22 years after the original film was released, “Lilo & Stitch”-
<a style="text-decoration: underline; color: #5869ff;">
<strong>
related retail sales totaled $2.6 billion
</strong>
</a>
.
</p>
</div>
</td>
</tr>
</table>
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Read more
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<strong>
THE BEST THING WE READ TODAY
</strong>
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<a style="text-decoration: underline; color: #5869ff;">
<strong>
Upstart Holdings CEO Dave Girouard on the rise of the AI lender
</strong>
</a>
</h1>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-3" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
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<p style="margin:0;margin-bottom:16px">
Upstart Holdings is OG AI. Cofounded in 2012 by ex-Google executive and current Upstart CEO Dave Girouard, the company says that for the last five consecutive quarters, more than 90% of its loans were “fully automated, with no human intervention.” Girouard told us about the year “we just got our clock cleaned” and how the company has worked hard to return to profitability.
</p>
<p style="margin:0">
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Read our Final Boss interview.
</strong>
</a>
</p>
</div>
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Presented by State Street Global Advisors
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<strong>
Together with State Street Global Advisors
</strong>
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Where do you want to go next? Wherever you’re heading — building wealth, planning for the future, or just making smarter money moves —
<strong>
<a style="text-decoration: underline; color: #5869ff;" target="_self">
get the power of the S&P 500® with SPY
</a>
</strong>
.
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<p style="margin:0">
From record liquidity to a 30+ year track record, find out why
<strong>
<a style="text-decoration: underline; color: #5869ff;">
SPY
</a>
</strong>
is the world’s most traded ETF.
<sup>
1
</sup>
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<strong>
Advertiser's disclosures:
<br/>
</strong>
</p>
<p style="margin:0;margin-bottom:16px">
<sup>
1
</sup>
Bloomberg Finance, L.P., as of April 30, 2025.
</p>
<p style="margin:0">
<strong>
Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-866-787-2257 or visit www.ssga.com. Read it carefully.
</strong>
Investing involves risk. ALPS Distributors, Inc. (fund distributor); State Street Global Advisors Funds Distributors, LLC (marketing agent).
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<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;color:#000;width:600px;margin:0 auto" width="600">
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<tr>
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<td class="pad" style="padding-bottom:25px;padding-top:25px">
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<span style="word-break: break-word;">
</span>
</td>
</tr>
</table>
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="button_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="pad" style="text-align:left">
<div align="left" class="alignment">
<!--[if mso]>
<v:roundrect xmlns:v="urn:schemas-microsoft-com:vml" xmlns:w="urn:schemas-microsoft-com:office:word" style="height:20px;width:72px;v-text-anchor:middle;" arcsize="27%" fillcolor="#5869ff">
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<![endif]-->
<span class="button" style="background-color: #5869ff; border-bottom: 2px solid #000000; border-left: 2px solid #000000; border-radius: 7px; border-right: 2px solid #000000; border-top: 2px solid #000000; color: #ffffff; display: inline-block; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; font-weight: 400; mso-border-alt: none; padding-bottom: 2px; padding-top: 2px; padding-left: 11px; padding-right: 11px; text-align: center; width: auto; word-break: keep-all; letter-spacing: normal;">
<span style="word-break: break-word; line-height: 16.8px;">
<strong>
MOVES
</strong>
</span>
</span>
<!--[if mso]></center></v:textbox></v:roundrect><![endif]-->
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="heading_block block-3" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="pad" style="padding-bottom:10px;padding-top:10px;text-align:center;width:100%">
<h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:25px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:30px">
<strong>
Yesterday’s Big Daily Movers
</strong>
</h1>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="list_block block-4" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word;color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px" width="100%">
<tr>
<td class="pad" style="padding-bottom:5px;padding-left:10px;padding-right:10px">
<div style="margin-left:-20px">
<ul start="1" style="margin-top:0;margin-bottom:0;list-style-type:revert">
<li aria-level="1" style="Margin:0 0 8px 0">
<strong>
Trump Media & Technology Group
</strong>
tumbled double digits after
<a style="text-decoration: underline; color: #5869ff;">
<strong>
announcing a plan to sell stock to buy bitcoin
</strong>
</a>
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
<strong>
SoundHound AI
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
turned up the volume
</strong>
</a>
after receiving an “overweight” rating, squeezing some short sellers
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
<strong>
Temu
</strong>
owner
<strong>
PDD Holdings
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
sank
</strong>
</a>
after Q1 net income missed by more than 40%
</li>
<li style="Margin:0 0 8px 0">
<strong>
Tesla
</strong>
spiked even though its European sales are doing the
<a style="text-decoration: underline; color: #5869ff;">
<strong>
exact opposite
</strong>
</a>
</li>
</ul>
</div>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-14" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;color:#000;width:600px;margin:0 auto" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;padding-left:25px;padding-right:25px;vertical-align:top" width="100%">
<table border="0" cellpadding="0" cellspacing="0" class="divider_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="pad" style="padding-bottom:25px;padding-top:25px">
<div align="center" class="alignment">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="divider_inner" style="font-size:1px;line-height:1px;border-top:1px solid #5869ff">
<span style="word-break: break-word;">
</span>
</td>
</tr>
</table>
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="heading_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="pad" style="padding-bottom:10px;text-align:center;width:100%">
<h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:25px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:30px">
<span class="tinyMce-placeholder" style="word-break: break-word;">
What else we're Snackin'
</span>
</h1>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="list_block block-3" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word;color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px" width="100%">
<tr>
<td class="pad" style="padding-bottom:5px;padding-left:10px;padding-right:10px">
<div style="margin-left:-20px">
<ul start="1" style="margin-top:0;margin-bottom:0;list-style-type:revert">
<li aria-level="1" style="Margin:0 0 8px 0">
While retail traders may have
<a style="text-decoration: underline; color: #5869ff;">
<strong>
enjoyed a fling
</strong>
</a>
with
<strong>
UnitedHealth
</strong>
, it doesn’t look like they’re settling down for a long-term relationship
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
<strong>
Salesforce
</strong>
will buy Informatica for
<a style="text-decoration: underline; color: #5869ff;">
<strong>
$8 billion
</strong>
</a>
in its biggest acquisition since Slack
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
Starting today,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
bags fly for $35
</strong>
</a>
at
<strong>
Southwest
</strong>
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
<strong>
SharpLink Gaming
</strong>
announced $425 million in funding for its new ethereum treasury strategy,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
sending shares flying
</strong>
</a>
<strong>
</strong>
</li>
<li style="Margin:0 0 8px 0">
Why you’re more likely to
<a style="text-decoration: underline; color: #5869ff;">
<strong>
die on your birthday
</strong>
</a>
</li>
</ul>
</div>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-15" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;border-radius:0;color:#000;width:600px;margin:0 auto" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;padding-bottom:5px;padding-left:25px;padding-right:25px;padding-top:5px;vertical-align:top" width="100%">
<table border="0" cellpadding="0" cellspacing="0" class="divider_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="pad" style="padding-bottom:25px;padding-top:25px">
<div align="center" class="alignment">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="divider_inner" style="font-size:1px;line-height:1px;border-top:1px solid #5869ff">
<span style="word-break: break-word;">
</span>
</td>
</tr>
</table>
</div>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-16" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-size:auto" width="100%">
<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-size:auto;background-color:#5869ff;border-bottom:30px solid #fff;border-left:30px solid #fff;border-radius:10px;border-right:30px solid #fff;border-top:30px solid #fff;color:#000;width:600px;margin:0 auto" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;border-bottom:4px solid #5869ff;border-left:4px solid #5869ff;border-right:4px solid #5869ff;border-top:4px solid #5869ff;padding-bottom:15px;padding-left:25px;padding-right:25px;padding-top:15px;vertical-align:top" width="100%">
<table border="0" cellpadding="0" cellspacing="0" class="heading_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="pad" style="text-align:center;width:100%">
<h1 style="margin:0;color:#fff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:25px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:center;margin-top:0;margin-bottom:0;mso-line-height-alt:30px">
<span class="tinyMce-placeholder" style="word-break: break-word;">
Snack Fact of the Day
</span>
</h1>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
<tr>
<td class="pad" style="padding-bottom:10px;padding-left:40px;padding-right:40px;padding-top:10px">
<div style="color:#fff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.2;text-align:center;mso-line-height-alt:22px">
<p style="margin:0">
<a style="text-decoration: underline; color: #ffffff;">
<strong>
Fewer than 1 in 5 federal government workers spent time teleworking or working at home for pay in April, down from ~31% in the same month last year.
</strong>
</a>
</p>
</div>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-17" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;border-radius:0;color:#000;width:600px;margin:0 auto" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;padding-left:25px;padding-right:25px;vertical-align:top" width="100%">
<table border="0" cellpadding="0" cellspacing="0" class="divider_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="pad" style="padding-bottom:25px;padding-top:25px">
<div align="center" class="alignment">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="divider_inner" style="font-size:1px;line-height:1px;border-top:1px solid #5869ff">
<span style="word-break: break-word;">
</span>
</td>
</tr>
</table>
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="heading_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="pad" style="padding-bottom:10px;text-align:center;width:100%">
<h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:25px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:30px">
<span class="tinyMce-placeholder" style="word-break: break-word;">
Wednesday
</span>
</h1>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="list_block block-3" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word;color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px" width="100%">
<tr>
<td class="pad" style="padding-bottom:5px;padding-left:10px;padding-right:10px">
<div style="margin-left:-20px">
<ul start="1" style="margin-top:0;margin-bottom:0;list-style-type:revert">
<li aria-level="1" style="Margin:0 0 8px 0">
Fed meeting minutes
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
Earnings expected from
<strong>
Nvidia, Salesforce, HP, Macy’s, Abercrombie & Fitch,
</strong>
and
<strong>
Dick’s Sporting Goods
</strong>
</li>
</ul>
</div>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-18" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;color:#000;width:600px;margin:0 auto" width="600">
<tbody>
<tr>
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<p style="margin:0;margin-bottom:16px">
<strong>
Advertiser's disclosures:
<br/>
</strong>
</p>
<p style="margin:0;margin-bottom:16px">
<sup>
1
</sup>
Pacaso estimates the U.S. market at $1.3 trillion and the European market as $500 billion. See
<a style="text-decoration: underline; color: #1d1d1d;" target="_self">
website
</a>
for further details.
</p>
<p style="margin:0;margin-bottom:16px">
<sup>
2
</sup>
For more details on the Gross Profit for 2021- 2023, please see
<a style="text-decoration: underline; color: #1d1d1d;">
management discussion of the financial condition section
</a>
of the offering circular. For more details on the 2024 gross profit, please see the
<a style="text-decoration: underline; color: #1d1d1d;">
1-K Financial Statements section
</a>
.
</p>
<p style="margin:0;margin-bottom:16px">
<sup>
3
</sup>
Pacaso recently received their ticker reservation with Nasdaq ($PCSO), indicating an intent to IPO in the next 24 months. An intent to IPO is no guarantee that an actual IPO will occur.
</p>
<p style="margin:0;margin-bottom:16px">
<sup>
4
</sup>
The minimum investment is $1,037.45 when including the 3.5% investor fee. This is a paid advertisement for Pacaso’s Regulation A offering. Please read the
<a style="text-decoration: underline; color: #1d1d1d;">
offering circular
</a>
and
<a style="text-decoration: underline; color: #1d1d1d;">
related risks
</a>
at
<a style="text-decoration: underline; color: #1d1d1d;" target="_self">
invest.pacaso.com
</a>
.
</p>
<p style="margin:0;margin-bottom:16px">
Investing in private company securities is not suitable for all investors because it is highly speculative and involves a high degree of risk. It should only be considered a long-term investment. You must be prepared to withstand a total loss of your investment. Private company securities are also highly illiquid, and there is no guarantee that a market will develop for such securities.
</p>
<p style="margin:0">
<em>
DealMaker Securities LLC, a registered broker-dealer, and member of FINRA | SIPC, located at 105 Maxess Road, Suite 124, Melville, NY 11747, is the Intermediary for this offering and is not an affiliate of or connected with the Issuer. Please check our background on FINRA's BrokerCheck.
</em>
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