Company: DEFI
Filing Date: 2025-03-17
Form Type: S-1/A
Source: 0001387131-25-000058
Chunk: 219

Company: Tidal Commodities Trust I
Filing Date: 2025-03-17
Form: S-1/A
Chunk 219
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 managed by Optionsellers.com, (“Optionsellers”) who is a Commodity Trading                 
 Advisor (“CTA”) authorized by investors to act as attorney-in-fact with exclusive               
 trading authority over these investors’ trading accounts. These accounts cleared                
 through IFF. After this significant and historic natural gas market movement, the accounts      
 declined below required maintenance margin levels. IFF’s role in managing the accounts          
 was limited. As a clearing firm, IFF did not provide any investment advice, trading advice,     
 or recommendations to customers of Optionsellers who chose to clear with IFF. Instead,          
 it simply executed and cleared trades placed by Optionsellers on behalf of Optionsellers’       
 customers. Optionsellers is a CFTC registered CTA operating under a CFTC Rule 4.7 exemption     
 from registration. Optionsellers engaged in a strategy that primarily involved selling          
 options on futures products. The arbitrations between IFF, Optionsellers, and the Optionsellers 
 customers are currently ongoing. Further, StoneX Financial Inc. is subject to litigation        
 and regulatory enforcement in the normal course of business. Except as discussed above,         
 the current or pending civil litigation or administrative proceedings in which StoneX           
 Financial Inc. is involved are not expected to have a material effect upon its condition,       
 financial or otherwise. StoneX Financial Inc. vigorously defends, as a matter of policy,        
 civil litigation, reparation, arbitration proceedings, and enforcement actions brought          
 against it.                                                                                     |

<div align='center'>AUTHORIZED Purchasers</div>

An Authorized Purchaser must enter into an “Authorized Purchaser Agreement” with the Sponsor and the Trust, on behalf of the Fund, to govern its placement of orders to create and redeem Baskets. The Authorized Purchaser Agreement sets forth the procedures for the creation and redemption of Baskets. The Authorized Purchaser Agreement also provides the Sponsor and the Administrator with the authority to terminate the relationship with an Authorized Purchaser if the Sponsor or Administrator determines that an Authorized Purchaser does not to comply with the regulatory and registration requirements promulgated by FinCEN or other state authorities. Each Authorized Purchaser must (i) be a registered broker-dealer and (ii) enter into an Authorized Purchaser Agreement with the Sponsor, the Administrator and the Marketing Agent.

A list of the current Authorized Purchasers can be obtained from the Sponsor. The Trust, on behalf of the Fund, has engaged Jane Street Capital, LLC, Citadel Securities LLC and Goldman Sachs & Co. LLC as Authorized Purchasers. JSCT,