Fund Letter

This document is confidential and intended solely for the addressee. This document may not be published or distributed without the written consent of Aristides Capital LLC and does not constitute an offer to sell or the solicitation of an offer to purchase any security or investment product.  Any such offer of solicitation may only be made by means of delivery of an approved confidential offering memorandum. Any investor who subscribes, or proposes to subscribe, for an investment in either Aristides Fund LP or Aristides Fund QP, LP (the “Fund”) must be able to bear the risks involved and must meet the Fund’s suitability requirements. No assurance can be given that the Fund’s investment objectives will be achieved. Investments in the Fund are speculative and involve a substantial degree of risk. The Fund may engage in speculative investment practices that may increase the risk of investment loss. Past results of the Fund are not necessarily indicative of future performance, and the Fund’s performance may be volatile. An investment in the Fund should be deemed highly illiquid. There is no secondary market for an investor’s interest in the Fund and none should be expected to develop. There are significant restrictions on transferring interests in the Fund. Neither the Fund nor Aristides Capital LLC are required to provide periodic pricing or valuation information to investors with respect to its individual investments. Additionally, the Fund is not subject to the same regulatory requirements as a mutual fund, including the SEC’s registration and disclosure requirements. The Fund is subject to various other risk factors and conflicts of interest that are fully disclosed in the Fund’s offering memoranda and subscription documents. Market indexes are included in this report only as reference reflecting general market results during the period. The Fund may trade in securities that are not represented by such market indexes and may have long or short concentrations in a number of securities and in asset classes not included in such indexes. Accordingly, no representation is made that the performance or volatility of the Fund will track or otherwise reflect any particular index. The index information has been obtained from sources believed to be reliable, but we do not represent that it is accurate or complete, and it should not be relied upon as such. The Fund and Aristides Capital LLC expressly disclaim any liability, including incidental or consequential damages arising from errors or omissions in connection with the inclusion of any index in this publication. Performance results are net of all fees and expenses, and are unaudited after December 31, 2023.

 

Fact Sheet

This document does not constitute an offer to sell, or a solicitation of an offer to buy, partnership interests in Aristides Fund LP or Aristides Fund QP, LP. Any such offer or solicitation may only be made by delivery of an approved confidential offering memorandum. Past results of the funds are not necessarily indicative of future performance, and results may be volatile. Investment in either fund involves the risk of loss and other risks as described in the funds’ offering documents. There have been, and are expected to be, modest performance differences between the two funds.