Educational estimates, clearly bounded.

Black Scarab valuation estimates are for informational and educational purposes only. They are based on user-provided information, internal methodologies, and available market data.

Results are not a fairness opinion, appraisal, securities recommendation, transaction recommendation, tax advice, legal advice, accounting advice, or guarantee of transaction value. Actual values may differ materially based on diligence, market conditions, contractual rights, client retention, buyer synergies, financing terms, regulatory considerations, and other factors.

For employed or affiliated advisors, practice, transition, and succession estimates do not imply ownership of client accounts, client agreements, or an employer's enterprise. Actual economics depend on employment, contractor, shareholder, operating, client, and platform agreements; firm approvals; client choice and consent; retention; deferred compensation; and transaction or recruiting terms.

Equity-interest estimates are proportionate economic illustrations, not predictions of proceeds. Governing documents, control rights, discounts, debt, cash, taxes, approvals, and transaction structure may materially change realizable value.

V1 valuation assumptions are internal placeholders requiring future validation against verified market data. Every result records its methodology version.