Company: DEFI
Filing Date: 2025-03-27
Form Type: 424B3
Source: 0001999371-25-003249
Chunk: 207

Company: Tidal Commodities Trust I
Filing Date: 2025-03-27
Form: 424B3
Chunk 207
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 of any plan that purchases Shares.

Prohibited Transactions

ERISA and the Code generally prohibit certain transactions involving a plan and persons who have certain specified relationships to the plan. In general, Shares may not be purchased with the assets of a plan if the Sponsor, the clearing brokers, the trading advisors (if any), or any of their affiliates, agents or employees either:

| ● | exercise                                                                               
 any discretionary authority or discretionary control with respect to management of the 
 plan;                                                                                  |

| ● | exercise                                                                                
 any authority or control with respect to management or disposition of the assets of the 
 plan;                                                                                   |

| ● | render                                                                                 
 investment advice for a fee or other compensation, direct or indirect, with respect to 
 any moneys or other property of the plan;                                              |

| ● | have                                                                                   
 any authority or responsibility to render investment advice with respect to any monies 
 or other property of the plan; or                                                      |

| ● | have                                                                                 
 any discretionary authority or discretionary responsibility in the administration of 
 the plan.                                                                            |

Also, a prohibited transaction may occur under ERISA or the Code when circumstances indicate that (i) the investment in Shares is made or retained for the purpose of avoiding application of the fiduciary standards of ERISA, (ii) the investment in Shares constitutes an arrangement under which the Fund is expected to engage in transactions that would otherwise be prohibited if entered into directly by the plan purchasing the Shares, (iii) the investing plan, by itself, has the authority or influence to cause the Fund to engage in such transactions, or (iv) a person who is prohibited from transacting with the investing plan may, but only with the aid of certain of its affiliates and the investing plan, cause the Fund to engage in such transactions with such person.

Special IRA Rules

IRAs are not subject to ERISA’s fiduciary standards, but are subject to their own rules, including the prohibited transaction rules of Section 4975 of the Code, which generally mirror ERISA’s prohibited transaction rules. For example, IRAs are subject to special custody rules and must maintain a qualifying IRA custodial arrangement separate and distinct from the Fund and its custodial arrangement. If a separate qualifying custodial arrangement is not maintained, an investment in the Shares will be treated as a distribution from the IRA. Second, IRAs are prohibited from investing in certain commingled investments, and the Sponsor makes no representation regarding whether an investment in Shares is an inappropriate commingled investment for an IRA. Third, in