Walliance has renewed its Professional Liability Policy No. BL09000039, issued by Insurer XL INSURANCE COMPANY SE (AXA), which is valid until 00:00 on May 20, 2025.

The aggregate maximum limit per Policy period, for all pecuniary losses of all Insureds with respect to the activity of operating online portal for capital raising, in accordance with Consob Regulation on crowdfunding services in implementation of Regulation (EU) 2020/1503 on crowdfunding service providers to businesses and Articles 4-sexies.1 and 100b of the TUF, is €1,000,000.00 per claim and €2,000,000.00 per year, in worldwide coverage excluding the U.S. and Canada.

The Insurer will be obligated to pay compensation for Pecuniary Losses only if: (i) the Act first occurred on or after the Retroactive Date; (ii) the Act was committed solely in the performance or non-performance of Professional Activities; and (iii) the Claim is made for the first time by Third Parties against the Insured during the Policy Period ("claims made" insurance formula) or the Observation Period (if applicable).

For information regarding investment security please refer to the article "How risky is the investment“.