Company: DEFI
Filing Date: 2025-11-04
Form Type: POS AM
Source: 0001999371-25-016766
Chunk: 138

Company: Tidal Commodities Trust I
Filing Date: 2025-11-04
Form: POS AM
Chunk 138
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| ● | a                                                                                     
 corporation or other entity treated as a corporation created or organized in or under 
 the laws of the United States, any state thereof, or the District of Columbia;        |

| ● | an                                                                                    
 estate, the income of which is subject to U.S. federal income taxation, regardless of 
 its source; or                                                                        |

| ● | a                                                                                      
 trust (i) the administration of which is subject to the primary supervision of a U.S.  
 court and that has one or more “United States persons” (within the meaning             
 of the Code) who have the authority to control all substantial decisions of the trust, 
 or (ii) that has made a valid election under applicable U.S. Treasury regulations to   
 be treated as a “United States person” (within the meaning of the Code).               |

A “Non-U.S. Shareholder” is a beneficial owner of a Share that is neither a U.S. Shareholder nor a partnership for U.S. federal income tax purposes. 114 If an entity or arrangement classified as a partnership for U.S. federal income tax purposes holds Shares, the U.S. federal income tax treatment of a partner generally will depend on the status of the partner and the activities of the partnership. A partnership, or partner of a partnership, holding or considering an investment in Shares is urged to consult its own tax advisors regarding the U.S. federal income tax consequences of investing in Shares. EACH PROSPECTIVE INVESTOR IS ADVISED TO CONSULT ITS OWN TAX ADVISOR REGARDING THE U.S. FEDERAL INCOME TAX CONSEQUENCES OF AN INVESTMENT IN SHARES, AS WELL AS ANY APPLICABLE STATE, LOCAL OR NON-U.S. TAX CONSEQUENCES, IN LIGHT OF ITS PARTICULAR CIRCUMSTANCES. Tax Classification of the Trust and the Fund [The Trust is organized and will be operated as a statutory trust in accordance with the provisions of the Trust Agreement and applicable Delaware law. Notwithstanding the Trust’s status as a statutory trust and the Fund’s status as a series of the Trust, the Sponsor intends to treat the Trust as a publicly traded partnership that is not taxable as a corporation for U.S. federal income tax purposes. The trading of Shares on NYSE Arca will cause the Fund to be classified as a “publicly traded partnership” for U.S. federal income tax purposes. Under section 7704 of the Code, a publicly traded partnership is generally taxable as a corporation. In the case of an entity