Company: DEFI
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001999371-25-006264
Chunk: 35

Company: Tidal Commodities Trust I
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 8
Chunk 35
---
 disclosed by the Trust in the reports
that it files or submits under the Exchange Act is accumulated and communicated to management of the Sponsor, as appropriate,
to allow timely decisions regarding required disclosure. The scope of the evaluation of the effectiveness of the design and operation
of its disclosure controls and procedures covers the Trust, as well as separately for the Fund.

The
certifications of the Chief Executive Officer and Chief Financial Officer are applicable to the Fund as well as the Trust as a
whole.

Changes
in Internal Control over Financial Reporting

There
has been no change in the Trust’s or the Fund’s internal controls over the financial reporting (as defined in the
Rules 13a-15(f) and 15d-15(f) of the Exchange Act) that occurred during the Trust’s last fiscal quarter that has materially
affected, or is reasonably likely to materially affect, the Trust’s or the Fund’s internal control over financial
reporting.

PART
II. OTHER INFORMATION

Item
1. Legal Proceedings

The
Trust, the Fund and the Sponsor are not currently subject to any material legal proceedings. To our knowledge, there is no material
legal proceedings threatened against the Trust, the Fund or the Sponsor. From time to time, we may be a party to certain legal
proceedings in the ordinary course of business, including proceedings relating to the enforcement of our rights under contracts
with our portfolio companies. While the outcome of these proceedings cannot be predicted with certainty, we do not expect that
these proceedings will have a material effect upon our financial condition or results of operations.

Item
1A. Risk Factors applicable to Funds

Not
applicable to smaller reporting companies.

Item
2. Unregistered Sales of Equity Securities and Use of Proceeds Issuer Purchases of DEFI Shares

The
Fund creates and redeems Shares from time to time, but only in one or more Creation Baskets or Redemption Baskets. On any business
day, an Authorized Purchaser may place an order with the transfer agent to redeem one or more baskets. By placing a redemption
order, an Authorized Purchaser agrees to deliver the baskets to be redeemed through DTC’s book-entry system to the Fund
by the end of the next business day following the effective date of the redemption order or by the end of such later business
day. Prior to the delivery of the redemption distribution for a redemption order, the Authorized Purchaser must also have wired
to the Sponsor’s account at the Custodian the non-refundable transaction