{
 "as_of": "2026-11-06",
 "cmr": "es-cm-kg/GROW/ES0105650008",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# SUBSTRATE ARTIFICIAL INTELLIGENCE, S.A. (BME Growth: ES0105650008) — research page\n\nAs of 2026-11-06 · es-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is SUBSTRATE ARTIFICIAL INTELLIGENCE, S.A., listed on BME Growth under ticker ES0105650008, with ISIN ES0105650008 and LEI 959800K3URS2BMHE3P84. Its security type, segment, sector and jurisdiction are not on the record. Its listing status is listed, not halted.\n\n## The disclosure read\n\nThe record holds 0 filings and 0 filing days in the window 2025-11-06 to 2026-11-06. The median gap between filing days is not on the record, and no latest filing date or latest filing type is on the record. The BME Growth exchange record holds 103 issuers, with a median filing count of 0, and the median cadence gap and median latency are not on the record. The sector peer median is not on the record.\n\n## Auditor\n\nThe auditor of record and its location are not on the record. The record does not carry auditor changes, as no lifecycle type map exists for this register yet.\n\n## Events and halts\n\nThe listing, delisting, name change, domicile change and segment move lines are not on the record, as no lifecycle type map exists for this register yet. The halt flag is listed, not halted.\n\n## Orderability\n\nThe outcome cannot be determined under rule version acm-68000/es/mifid-ii-product-governance/r1, as the chapter as of 2026-11-04 carries no client categories. The chapter's orderability section does not name a client category for this issuer.\n\n## Coverage\n\nNo research houses were found on the issuer's investor-relations pages read, and the count is 0.\n\n## Open research\n\nThe record holds 4 openly published research notes, all from Instituto Español de Analistas / Lighthouse, dated 2025-05-05, 2024-11-04, 2023-07-19 and 2023-02-03.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe market's vintage is not sealed, and no sealed years hold the issuer. The market's earliest sealed date is not on the record, and the live record began is not on the record.\n\n## Sources\n\n10 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://firds.esma.europa.eu/firds/ (identity.exchange)\n- https://mapping.gleif.org/api/v2/isin-lei/latest/download (identity.lei)\n- https://mcp.es-cm-kg.ai/events/GROW/ES0105650008 (the disclosure lines)\n- https://www.cnmv.es/portal/Informacion-Privilegiada/Resultado-IP?tipos=<category blob>&fechaDesde=09/11/2025&fechaHasta=09/11/2026 | https://www.cnmv.es/portal/Otra-Informacion-Relevante/Resultado-OIR?tipos=<category blob>&fechaDesde=09/11/2025&fechaHasta=09/11/2026 | https://apiweb.bolsasymercados.es/Market/v1/EQ/ShareDetailsInfo?isin=<roster ISIN> (the halt flag)\n- https://es.eu-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://institutodeanalistas.com/wp-content/uploads/sai_20250505_2.pdf (open research)\n- https://institutodeanalistas.com/wp-content/uploads/sai_20241104_2.pdf (open research)\n- https://institutodeanalistas.com/wp-content/uploads/sai_20230719_2.pdf (open research)\n- https://institutodeanalistas.com/wp-content/uploads/sai_20230203_2.pdf (open research)\n- https://mcp.es-cm-kg.ai/record/GROW/ES0105650008 (the record)\n",
 "market": "ES",
 "node": "es-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [],
   "live_record_began": null,
   "node_history_from": null,
   "node_years_sealed": [],
   "note": "the ES vintage is not sealed; the record is the live record as of 2026-11-06",
   "record_version": 1,
   "sealed": false
  },
  "auditor": {
   "auditor": {
    "market": "ES",
    "state": "not_on_record"
   },
   "auditor_firm_id": {
    "market": "ES",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "ES",
    "state": "not_on_record"
   },
   "changes": {
    "market": "ES",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "cmr": "es-cm-kg/GROW/ES0105650008",
  "coverage": {
   "count": 0,
   "houses": [],
   "pages_checked": [
    {
     "page": "https://static.lse.co.uk/research/pdf/1070.pdf",
     "result": "not readable by this rail (403)"
    }
   ],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-12",
   "since": null,
   "state": "none_found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 103,
     "median_cadence_gap_days": null,
     "median_filings": 0,
     "median_latency_days": null,
     "name": "BME Growth"
    },
    "sector": {
     "market": "ES",
     "state": "not_on_record"
    }
   },
   "by_type": {},
   "cadence_median_gap_days": null,
   "filing_days": 0,
   "filings": 0,
   "latency_days": null,
   "latest": [],
   "latest_filing_date": null,
   "note": "no disclosure line on the record for this issuer in the window",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.es-cm-kg.ai/events/GROW/ES0105650008",
   "window": {
    "from": "2025-11-06",
    "to": "2026-11-06"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "allooloo-cm-kg/eu-sources/es roster.py",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://firds.esma.europa.eu/firds/ (ESMA FIRDS FULINS_E 2026-11-07: FULINS_E_20261107_01of02.zip, FULINS_E_20261107_02of02.zip)",
    "state": "sourced",
    "value": "BME Growth"
   },
   "isin": {
    "read_by": "allooloo-cm-kg/eu-sources/es roster.py",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://firds.esma.europa.eu/firds/ (ESMA FIRDS FULINS_E 2026-11-07: FULINS_E_20261107_01of02.zip, FULINS_E_20261107_02of02.zip)",
    "state": "sourced",
    "value": "ES0105650008"
   },
   "jurisdiction": {
    "market": "ES",
    "state": "not_on_record"
   },
   "lei": {
    "read_by": "GLEIF ISIN-to-LEI mapping file (daily), LEI by exact ISIN",
    "read_date": "2026-11-09",
    "read_date_basis": "the field",
    "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download (ISIN ES0105650008)",
    "state": "sourced",
    "value": "959800K3URS2BMHE3P84"
   },
   "name": {
    "read_by": "allooloo-cm-kg/eu-sources/es roster.py",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://firds.esma.europa.eu/firds/ (ESMA FIRDS FULINS_E 2026-11-07: FULINS_E_20261107_01of02.zip, FULINS_E_20261107_02of02.zip)",
    "state": "sourced",
    "value": "SUBSTRATE ARTIFICIAL INTELLIGENCE, S.A."
   },
   "sector": {
    "market": "ES",
    "state": "not_on_record"
   },
   "security_type": {
    "market": "ES",
    "state": "not_on_record"
   },
   "segment": {
    "market": "ES",
    "state": "not_on_record"
   },
   "ticker": {
    "read_by": "allooloo-cm-kg/eu-sources/es roster.py",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://firds.esma.europa.eu/firds/ (ESMA FIRDS FULINS_E 2026-11-07: FULINS_E_20261107_01of02.zip, FULINS_E_20261107_02of02.zip)",
    "state": "sourced",
    "value": "ES0105650008"
   },
   "website": {
    "market": "ES",
    "state": "not_on_record"
   }
  },
  "licensed": {
   "columns": [
    "licensor",
    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": {
    "market": "ES",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "domicile_change": {
    "market": "ES",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "listing": {
    "market": "ES",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "name_change": {
    "market": "ES",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "segment_move": {
    "market": "ES",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "market": "ES",
  "node": "es-cm-kg",
  "numbers_hash": "sha256:b2c04899d16fd20ec560d78fde86851a315a3fc82faf9221b0b91a2f413fa5a7",
  "open_research": {
   "read_date": "2026-11-12",
   "rows": [
    {
     "date": "2025-05-05",
     "kind": "independent",
     "publisher": "Instituto Español de Analistas / Lighthouse",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://institutodeanalistas.com/wp-content/uploads/sai_20250505_2.pdf",
     "state": "sourced",
     "title": "Substrate Artificial Intelligence"
    },
    {
     "date": "2024-11-04",
     "kind": "independent",
     "publisher": "Instituto Español de Analistas / Lighthouse",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://institutodeanalistas.com/wp-content/uploads/sai_20241104_2.pdf",
     "state": "sourced",
     "title": "Substrate Artificial Intelligence"
    },
    {
     "date": "2023-07-19",
     "kind": "independent",
     "publisher": "Instituto Español de Analistas / Lighthouse",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://institutodeanalistas.com/wp-content/uploads/sai_20230719_2.pdf",
     "state": "sourced",
     "title": "Substrate Artificial Intelligence"
    },
    {
     "date": "2023-02-03",
     "kind": "independent",
     "publisher": "Instituto Español de Analistas / Lighthouse",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://institutodeanalistas.com/wp-content/uploads/sai_20230203_2.pdf",
     "state": "sourced",
     "title": "Substrate Artificial Intelligence"
    }
   ],
   "state": "found"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [],
   "determinable": false,
   "read": {
    "chapter": "https://es.eu-cm-kg.ai/book/aio.json",
    "door": "https://es.eu-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "reason": "the chapter's orderability section carries no client_categories: the outcome cannot name its client category",
   "rule_version": "acm-68000/es/mifid-ii-product-governance/r1",
   "section": "es.aio.v6"
  },
  "record": {
   "as_of": "2026-11-06",
   "url": "https://mcp.es-cm-kg.ai/record/GROW/ES0105650008",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-09",
   "source": "https://www.cnmv.es/portal/Informacion-Privilegiada/Resultado-IP?tipos=<category blob>&fechaDesde=09/11/2025&fechaHasta=09/11/2026 | https://www.cnmv.es/portal/Otra-Informacion-Relevante/Resultado-OIR?tipos=<category blob>&fechaDesde=09/11/2025&fechaHasta=09/11/2026 | https://apiweb.bolsasymercados.es/Market/v1/EQ/ShareDetailsInfo?isin=<roster ISIN>",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:b2c04899d16fd20ec560d78fde86851a315a3fc82faf9221b0b91a2f413fa5a7",
 "path": "/es/GROW/ES0105650008",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is SUBSTRATE ARTIFICIAL INTELLIGENCE, S.A., listed on BME Growth under ticker ES0105650008, with ISIN ES0105650008 and LEI 959800K3URS2BMHE3P84. Its security type, segment, sector and jurisdiction are not on the record. Its listing status is listed, not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 0 filings and 0 filing days in the window 2025-11-06 to 2026-11-06. The median gap between filing days is not on the record, and no latest filing date or latest filing type is on the record. The BME Growth exchange record holds 103 issuers, with a median filing count of 0, and the median cadence gap and median latency are not on the record. The sector peer median is not on the record.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor of record and its location are not on the record. The record does not carry auditor changes, as no lifecycle type map exists for this register yet.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "The listing, delisting, name change, domicile change and segment move lines are not on the record, as no lifecycle type map exists for this register yet. The halt flag is listed, not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "The outcome cannot be determined under rule version acm-68000/es/mifid-ii-product-governance/r1, as the chapter as of 2026-11-04 carries no client categories. The chapter's orderability section does not name a client category for this issuer.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "No research houses were found on the issuer's investor-relations pages read, and the count is 0.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "The record holds 4 openly published research notes, all from Instituto Español de Analistas / Lighthouse, dated 2025-05-05, 2024-11-04, 2023-07-19 and 2023-02-03.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The market's vintage is not sealed, and no sealed years hold the issuer. The market's earliest sealed date is not on the record, and the live record began is not on the record.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "10 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://firds.esma.europa.eu/firds/"
  },
  {
   "for": "identity.lei",
   "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.es-cm-kg.ai/events/GROW/ES0105650008"
  },
  {
   "for": "the halt flag",
   "source": "https://www.cnmv.es/portal/Informacion-Privilegiada/Resultado-IP?tipos=<category blob>&fechaDesde=09/11/2025&fechaHasta=09/11/2026 | https://www.cnmv.es/portal/Otra-Informacion-Relevante/Resultado-OIR?tipos=<category blob>&fechaDesde=09/11/2025&fechaHasta=09/11/2026 | https://apiweb.bolsasymercados.es/Market/v1/EQ/ShareDetailsInfo?isin=<roster ISIN>"
  },
  {
   "for": "the orderability chapter",
   "source": "https://es.eu-cm-kg.ai/book/aio.json"
  },
  {
   "for": "open research",
   "source": "https://institutodeanalistas.com/wp-content/uploads/sai_20250505_2.pdf"
  },
  {
   "for": "open research",
   "source": "https://institutodeanalistas.com/wp-content/uploads/sai_20241104_2.pdf"
  },
  {
   "for": "open research",
   "source": "https://institutodeanalistas.com/wp-content/uploads/sai_20230719_2.pdf"
  },
  {
   "for": "open research",
   "source": "https://institutodeanalistas.com/wp-content/uploads/sai_20230203_2.pdf"
  },
  {
   "for": "the record",
   "source": "https://mcp.es-cm-kg.ai/record/GROW/ES0105650008"
  }
 ],
 "title": "SUBSTRATE ARTIFICIAL INTELLIGENCE, S.A. (ES0105650008) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}