Company: DEFI
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001999371-25-017892
Chunk: 36

Company: Tidal Commodities Trust I
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 8
Chunk 36
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 1934, as amended (the “Exchange
Act”) as of the end of the period covered by this report, and, based upon that evaluation, concluded that the Trust’s
and the Fund’s disclosure controls and procedures were effective as of the end of such period, to ensure that information
the Trust is required to disclose in the reports that it files or submits with the SEC under the Exchange Act is recorded, processed,
summarized and reported, within the time periods specified in the SEC’s rules and forms, and to ensure that information required
to be disclosed by the Trust in the reports that it files or submits under the Exchange Act is accumulated and communicated to
management of the Sponsor, as appropriate, to allow timely decisions regarding required disclosure. The scope of the evaluation
of the effectiveness of the design and operation of its disclosure controls and procedures covers the Trust, as well as separately
for the Fund.

The certifications of the Chief Executive Officer and Chief
Financial Officer are applicable to the Fund as well as the Trust as a whole.

Changes in Internal Control over Financial Reporting

There has been no change in the Trust’s
or the Fund’s internal controls over the financial reporting (as defined in the Rules 13a-15(f) and 15d-15(f) of the Exchange
Act) that occurred during the Trust’s last fiscal quarter that has materially affected, or is reasonably likely to materially
affect, the Trust’s or the Fund’s internal control over financial reporting.

PART II. OTHER INFORMATION

Item 1. Legal Proceedings

The Trust, the Fund and the Sponsor are
not currently subject to any material legal proceedings. To our knowledge, there is no material legal proceedings threatened against
the Trust, the Fund or the Sponsor. From time to time, we may be a party to certain legal proceedings in the ordinary course of
business, including proceedings relating to the enforcement of our rights under contracts with our portfolio companies. While the
outcome of these proceedings cannot be predicted with certainty, we do not expect that these proceedings will have a material effect
upon our financial condition or results of operations.

Item 1A. Risk Factors applicable to Funds

Not applicable to smaller reporting companies.

Item 2. Unregistered Sales of Equity Securities and Use of
Proceeds Issuer Purchases of DEFI Shares

The Fund creates and redeems Shares from
time to time, but only in one or more Creation Baskets or Redemption Baskets. On any business day, an Authorized Purchaser may