Company: DEFI
Filing Date: 2025-03-17
Form Type: S-1/A
Source: 0001387131-25-000058
Chunk: 98

Company: Tidal Commodities Trust I
Filing Date: 2025-03-17
Form: S-1/A
Chunk 98
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 Act. For as long as the Fund continues to be an emerging growth company it may choose to take advantage of certain exemptions from various reporting requirements applicable to other public companies but not to emerging public companies, which include, among other things:

| ● | exemption                                                                            
 from the auditor attestation requirements under Section 404(b) of the Sarbanes-Oxley 
 Act;                                                                                 |

| ● | reduced                                                                        
 disclosure obligations regarding executive compensation in the Fund’s periodic 
 reports and audited financial statements in this prospectus;                   |

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| ● | exemptions                                                                      
 from the requirements of holding advisory “say-on-pay” votes on executive       
 compensation and shareholder advisory votes on “golden parachute” compensation; 
 and                                                                             |

| ● | exemption                                                                                  
 from any rules requiring mandatory audit firm rotation and auditor discussion and analysis 
 and, unless otherwise determined by the SEC, any new audit rules adopted by the Public     
 Company Accounting Oversight Board.                                                        |

The Fund could be an emerging growth company until the last day of the fiscal year following the fifth anniversary after its initial public offering, or until the earliest of (1) the last day of the fiscal year in which it has annual gross revenue of $1.235 billion or more, (2) the date on which it has, during the previous three year period, issued more than $1 billion in non-convertible debt or (3) the date on which it is deemed to be a large accelerated filer under the federal securities laws. The Fund will qualify as a large accelerated filer as of the first day of the first fiscal year after it has (A) more than $700 million in outstanding equity held by nonaffiliates, (B) been public for at least 12 months and (C) filed at least one annual report on Form 10-K.

Under the JOBS Act, emerging growth companies are also permitted to elect to delay adoption of new or revised accounting standards until companies that are not subject to periodic reporting obligations are required to comply, if such accounting standards apply to non-reporting companies. However, the Fund has chosen to opt out of this extended transition period for complying with new or revised accounting standards. Section 107 of the JOBS Act provides that the decision to opt out of the extended transition period for complying with new or revised accounting standards is irrevocable.

The Fund cannot predict if investors will find an investment in the Fund less attractive if it relies on these exemptions.

If regulatory changes or interpretations of an