Company: DEFI
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001999371-25-011381
Chunk: 17

Company: Tidal Commodities Trust I
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 8
Chunk 17
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, are considered general fund-level expenses
and are not allocated to specific segments or business lines.

Management
has determined that the Fund does not meet the criteria for disaggregated segment reporting under ASU 2023-07 and will continue
to evaluate its reporting requirements in accordance with applicable accounting standards.

Note
8 – Subsequent Events

In
preparing these financial statements, Management has evaluated the financial statements for the three months ended June, 30, 2025
for subsequent events through the date of this filing and noted no material events requiring either recognition through the date
of the filing or disclosure herein for the Fund.

F-20 

Item
2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

This
information should be read in conjunction with the financial statements and notes included in Item 1 of Part I of this Quarterly
Report (the “Report”). The discussion and analysis which follows may contain trend analysis and other
forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 which reflect our current
views with respect to future events and financial results. Words such as “anticipate,” “expect,”
“intend,” “plan,” “believe,” “seek,” “outlook”
and “estimate,” as well as similar words and phrases, signify forward-looking statements. The forward-looking
statements of Tidal Commodities Trust I (the “Trust”) are not a guarantee of future results and conditions,
and important factors, risks and uncertainties may cause our actual results to differ materially from those expressed in our forward-looking
statements. Whether or not actual results and developments will conform to our Sponsor’s expectations and predictions, however,
is subject to a number of risks and uncertainties, including the special considerations discussed in this Report; general economic,
market and business conditions; changes in laws or regulations, including those concerning taxes, made by governmental authorities
or regulatory bodies; the costs and effect of any litigation or regulatory investigations; technology developments regarding the
use of bitcoin and other digital assets, including the systems used by Tidal Investments LLC (the “Sponsor”)
in its provision of services to the Trust; the Sponsor’s conflict of interest in allocating resources among its different
clients and the pursuit of future business or investment opportunities by the Sponsor, its officers and/or affiliated entities;
and other world economic and political developments.

These
and other risks and uncertainties, which are described in more detail in our Annual Report on Form 10-K, filed with the