Company: EUO
Filing Date: 2025-11-04
Form Type: 8-K
Source: 0001193125-25-264886
Chunk: 0

Company: ProShares Trust II
Filing Date: 2025-11-04
Form: 8-K
Item: Item 8.01
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Item 8.01. Other Events

On November 4, 2025, ProShare Capital Management LLC, on behalf of ProShares Trust II, issued a press release announcing a reverse share split (“ Reverse Split”) on ProShares UltraShort Gold (NYSE Arca, Inc. ticker symbol “ GLL”) and ProShares Ultra VIX Short-Term Futures (Cboe BZX Exchange, Inc., ticker symbol “ UVXY”). The Splits will not change the value of a shareholder’s investment.

Reverse Splits

ProShares UltraShort Gold will execute a 1 for 2 Reverse Split of its shares. The Reverse Split will be effective prior to the market open on November 20, 2025, when the Fund begins trading at its post-Reverse Split price. The ticker symbol for the Fund will not change, but the Fund will be issued a new CUSIP number: ProShares UltraShort Gold (new CUSIP number “74347Y698”). The Reverse Split will increase the price per share of the Fund with a proportionate decrease in the number of shares outstanding. Specifically, for ProShares Ultrashort Gold every2 pre-ReverseSplit shares held by a Fund shareholder will result in the receipt of one post-Reverse Split share, which will be priced 2 times higher than the net asset value of a pre-Reverse Splitshare.

ProShares Ultra VIX Short-Term Futures ETF will execute a 1 for 5 Reverse Split of its shares. The Reverse Split will be effective prior to the market open on November 20, 2025, when the Fund begins trading at its post-Reverse Split price. The ticker symbol for the Fund will not change, but the Fund will be issued a new CUSIP number: ProShares Ultra VIX Short-Term Futures (new CUSIP number “74347Y680”). The Reverse Split will increase the price per share of the Fund with a proportionate decrease in the number of shares outstanding. Specifically, for ProShares Ultra VIX Short-Term Futures every5 pre-ReverseSplit shares held by a Fund shareholder will result in the receipt of one post-Reverse Split share, which will be priced 5 times higher than the net asset value of a pre-Reverse Splitshare.

For Fund shareholders who hold quantities of shares that are not an exact multiple of the applicable Reverse Split ratio (i. e., not a multiple of 2 or 5), the Reverse Split will result in the creation of a fractional share. Post