Company: DEFI
Filing Date: 2025-03-27
Form Type: 424B3
Source: 0001999371-25-003249
Chunk: 144

Company: Tidal Commodities Trust I
Filing Date: 2025-03-27
Form: 424B3
Chunk 144
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 assumed all the liabilities of the Predecessor Fund and succeeded to the Predecessor Fund’s
performance history. Unless otherwise indicated, information concerning the Fund for periods before January 3, 2024 is information
of the Predecessor Fund.

The Merger constituted a “reorganization”
within the meaning of Section 368(a) of the Internal Revenue Code of 1986, as amended (the “Code”). The Sponsor, as
a condition to the closing of the Merger, received an opinion to such effect from tax counsel to the Trust. The Predecessor Fund
and the shareholders generally did not recognize any gain or loss for federal income tax purposes on the transfer of assets, the
assumption of liabilities, and the receipt of Fund shares in the Merger.

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The Predecessor Fund did not pay for the
costs of the Merger. The Sponsor paid the costs associated with the Merger, including the expenses associated with preparing and
filing this prospectus and the cost of copying, printing and mailing this prospectus.

Clearing Brokers

StoneX Financial Inc. – FCM Division
(f/k/a INTL FCStone Financial Inc. - FCM Division) (“StoneX”), and Phillip Capital Inc. (“Phillip Capital”)
serve as the Fund’s clearing brokers (the “Clearing Brokers”) to execute and clear the Fund’s futures transactions
and provide other futures brokerage-related services. The Clearing Brokers are each registered as an FCM with the CFTC, are members
of the National Futures Association (“NFA”) and are clearing members of all major U.S. futures exchanges. The Clearing
Brokers are also registered as broker-dealers (“BDs”) with the U.S. Securities and Exchange Commission (“SEC”)
and are each a member of the Financial Industry Regulatory Authority, Inc. (“FINRA”).

Except as indicated below, there have been
no material civil, administrative, or criminal proceedings pending, on appeal, or concluded against the Clearing Brokers or their
principals in the past five (5) years.

AML/KYC

The Trust takes measures with the objective
of reducing illicit financing risks in connection with the Trust’s activities. However, illicit financing risks are present
in the digital asset markets, including markets for bitcoin. There can be no assurance that the measures employed by the Trust
will prove successful in reducing illicit financing risks, and the Trust is subject to