Company: DEFI
Filing Date: 2025-02-21
Form Type: POS AM
Source: 0001839882-25-010345
Chunk: 210

Company: Tidal Commodities Trust I
Filing Date: 2025-02-21
Form: POS AM
Chunk 210
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 public offering pursuant to an effective registration 
 statement under the 1933 Act and the class of which such security is a part is registered      
 under the Exchange Act within 120 days (or such later time as may be allowed by the SEC)       
 after the end of the fiscal year of the issuer in which the offering of such security          
 occurred.                                                                                      |

The determination of whether a security is freely transferable is to be made based on all the relevant facts and circumstances. In the case of a security that is part of an offering in which the minimum investment is $10,000 or less, the following requirements, alone or in combination, ordinarily will not affect a finding that the security is freely transferable: (i) a requirement that no transfer or assignment of the security or rights relating to the security be made that would violate any federal or state law; and (ii) a requirement that no transfer or assignment be made without advance written notice given to the entity that issued the security.

The Sponsor believes that the conditions described above should be satisfied with respect to the Shares. The Sponsor believes that the Shares therefore should constitute publicly offered securities, and the underlying assets of the Fund should not be considered to constitute plan assets 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