Company: DEFI
Filing Date: 2025-11-04
Form Type: POS AM
Source: 0001999371-25-016766
Chunk: 11

Company: Tidal Commodities Trust I
Filing Date: 2025-11-04
Form: POS AM
Chunk 11
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2.89 (4.28%) and the highest discount was $0.75 (-2.38%). Voting Rights As interests in separate series of a Delaware statutory trust, the Shares do not involve the rights normally associated with the ownership of shares of a corporation (including, for example, the right to bring shareholder oppression and derivative actions). In addition, the Shares have limited voting and distribution rights (for example, shareholders do not have the right to elect directors, as the Trust does not have a board of directors, and generally will not receive regular distributions of the net income and capital gains earned by the Fund). Shareholders have no voting rights with respect to the Trust or the Fund except as expressly provided in the Trust Agreement. The Trust Agreement provides that Shareholders representing at least a majority (over 50%) of the outstanding Shares of the Trust, voting together as a single class (excluding Shares acquired by the Sponsor in connection with its initial capital contribution to any Trust series), may vote to (i) continue the Trust by electing a successor Sponsor, as applicable, and (ii) approve amendments to the Trust Agreement that impair the right to surrender Redemption Baskets for redemption. In addition, Fund shareholders holding Shares representing seventy-five percent (75%) of the outstanding Shares of the Trust, voting together as a single class (excluding Shares acquired by the Sponsor in connection with its initial capital contribution to any Trust series) may vote to dissolve the Trust upon not less than ninety (90) days’ notice to the Sponsor. 6 Principal Investment Risks of an Investment in the Fund An investment in the Fund involves a degree of risk and you could incur a partial or total loss of your investment in the Fund. Some of the risks you may face are summarized below. A more extensive discussion of these risks appears in the “What Are the Risk Factors Involved with an Investment in the Fund?” section, beginning on page 14.

| ● | Bitcoin                                                                                     
 is a relatively new asset class and is subject to rapid changes, uncertainty and regulation 
 that may adversely affect the value of bitcoin, and therefore the nature of an investment   
 in the Fund and may adversely affect the ability of the Fund to buy and sell bitcoin,       
 and therefore the ability to achieve its investment objective.                              |

| ● | Historically,                                                                               
 bitcoin has been subject to significant price volatility. Over the course of 2021, there    
 were steep increases in the value of certain digital assets, including bitcoin and multiple 
 market observers asserted that digital assets were experiencing a “bubble