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Privacy Policy

Last updated: July 14, 2026

1. Introduction

NDL Research LLC ("NDL Research," "we," "us," or "our") provides Merger Daily and related research infrastructure software (collectively, the "Service") to institutional investors and their personnel. This Privacy Policy explains what information we collect, how we use and share it, and the choices available to you.

2. Information We Collect

We collect information in the following ways:

  • Account information. Name, work email address, employer, job title, and login credentials provided when a customer sets up user access to the Service.
  • Usage data. Information about how you interact with the Service, including pages viewed, searches performed, and features used.
  • Device and log data. IP address, browser type, operating system, and timestamps collected automatically when you access the Service.
  • Customer content. Research notes, tags, and other content that customers and their users input into the Service.

3. How We Use Your Information

We use the information we collect to provide, maintain, and improve the Service; to authenticate users and secure customer accounts; to provide customer support; to monitor usage and performance; and to communicate with you about the Service, including updates and security notices.

4. Data Sharing and Disclosure

We do not sell personal information. We may share information with:

  • Service providers who process data on our behalf, such as hosting, analytics, and infrastructure vendors, under confidentiality obligations.
  • Professional advisors, including legal and financial advisors, as needed.
  • Regulators or other parties where disclosure is required by law or to protect the rights, property, or safety of NDL Research, our customers, or others.
  • A successor entity in connection with a merger, acquisition, or sale of assets.

5. Data Security

We maintain administrative, technical, and physical safeguards designed to protect information from unauthorized access, disclosure, alteration, or destruction. No system is completely secure, and we cannot guarantee absolute security.

6. Data Retention

We retain information for as long as needed to provide the Service and to satisfy legal, accounting, or reporting obligations, after which it is deleted or anonymized.

7. Your Rights and Choices

Depending on your jurisdiction, you may have rights to access, correct, or delete your personal information, or to object to certain processing. To exercise these rights, contact us using the details below. If you are an individual user, some requests may need to be routed through your employer's account administrator.

8. International Users

NDL Research is based in Puerto Rico. If you access the Service from outside Puerto Rico or the United States, your information may be transferred to and processed in Puerto Rico or the United States.

9. Children's Privacy

The Service is intended for business use by institutional investment professionals and is not directed to individuals under the age of 18. We do not knowingly collect personal information from children.

10. Changes to This Policy

We may update this Privacy Policy from time to time. We will post the revised policy with an updated effective date, and material changes will be communicated to customers.

11. Contact Us

Questions about this Privacy Policy can be directed to privacy@ndl-research.com.

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