Company: DEFI
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001999371-25-011381
Chunk: 36

Company: Tidal Commodities Trust I
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 8
Chunk 36
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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 fee due for the redemption order. The below table
sets forth the number of Shares redeemed during the fiscal quarter ending June 30, 2025.

    Period  
    Total
                                         Number of
                                               Shares
                                         Purchased  
    Average
                                         Price Paid
                                               per
                                         Share  
    Total
                                         Number of
                                             Shares
                                         Purchased as
                                             Part
                                         of Publicly
                                             Announced
                                         Plans or
                                             Programs