Terms of Service

Last updated: September 26, 2026

Financial Disclaimer

Merger Spreads is an analytical and informational tool only. Nothing on Merger Spreads constitutes investment, financial, legal, tax or accounting advice, nor a recommendation or solicitation to buy, sell or hold any security.

Merger Spreads is not a registered investment adviser, broker-dealer or financial institution. Merger arbitrage and event-driven strategies carry substantial risk, including the total loss of capital if a transaction is delayed, renegotiated or terminated. Past spreads and yields are not indicative of future results. Always do your own research and consult a qualified, licensed professional before making any investment decision.

1. Acceptance of terms

By accessing or using Merger Spreads (the "Service"), you agree to be bound by these Terms of Service and by our Privacy Policy. If you do not agree, do not use the Service.

2. The service

Merger Spreads aggregates and displays publicly available information about announced mergers, acquisitions and corporate spin-offs, and provides calculation tools such as gross spread, annualized yield and risk-adjusted expected value. All calculations are mathematical illustrations based on the inputs provided and on simplifying assumptions; they are not forecasts or guarantees of any outcome.

3. Data accuracy

Market prices, deal terms, expected closing dates, regulatory statuses and termination fees are sourced from third parties and public filings (including SEC EDGAR) and may be delayed, incomplete or inaccurate. Where indicated as "Mock Data", information is illustrative sample data provided for demonstration purposes only. Merger Spreads makes no representation or warranty regarding the accuracy, completeness or timeliness of any information, and you should verify all data against the original official filings before relying on it.

4. Accounts

The free dashboard may be used without an account. Merger Spreads Pro requires a registered account so the subscription is tied to you, not to a single browser.
You must be at least 18 years old. You agree that the email you provide is yours and is accurate.
You are responsible for keeping your password confidential and for activity on your account. Notify us at support@dealdelta.app if you suspect unauthorised access.
We may suspend or close an account that is shared, abused, or used to bypass Pro controls.
You may request deletion of your account at any time (see the Privacy Policy). Deleting the account does not automatically refund a paid period; cancel billing in Stripe as well.
We keep an operational record of account activity and Pro payments (email, timestamps, amounts, Stripe references) so billing disputes can be reviewed. Stripe remains the payment processor of record.

5. Pro subscription & billing

Merger Spreads Pro is billed monthly in advance at the price shown at checkout. Payments are processed securely by Stripe, Inc.; Merger Spreads does not receive or store your full card details.
After a successful payment, Pro is attached to the signed-in account. Sign in with that account on any device to use Pro.
Your subscription renews automatically each month until canceled. You may cancel at any time, and you will retain Pro access until the end of the current billing period.
Except where required by applicable law, fees already paid are non-refundable, including for partial billing periods.
We may change Pro pricing or features with reasonable prior notice. Price changes take effect at your next billing period.
Merger Spreads Pro is optional. The core dashboard, quotes and calculator remain available without a subscription.

6. Acceptable use

You agree not to: scrape, resell or redistribute the Service or its data at scale; interfere with or disrupt the Service; attempt to bypass access controls or Pro feature gating; or use the Service for any unlawful purpose, including market manipulation.

7. Intellectual property

The Merger Spreads name, logo, software and design are our property. Company names, tickers and trademarks displayed belong to their respective owners and are used for identification purposes only. Public filings remain the property of their respective issuers.

8. Limitation of liability

The Service is provided "as is" and "as available", without warranties of any kind, express or implied. To the maximum extent permitted by law, Merger Spreads shall not be liable for any trading losses, lost profits or indirect, incidental, special or consequential damages arising from your use of, or reliance on, the Service. Our aggregate liability for any claim shall not exceed the amount you paid us in the twelve (12) months preceding the claim.

9. Changes to these terms

We may update these Terms from time to time. The "Last updated" date above reflects the latest version. Continued use of the Service after changes take effect constitutes acceptance of the revised Terms.

10. Contact

Questions about these Terms? Email us at support@dealdelta.app.