Company: DEFI
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001999371-25-017892
Chunk: 18

Company: Tidal Commodities Trust I
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 8
Chunk 18
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 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 SEC on March 25, 2025, could cause our actual
results to differ materially from those expressed or implied by the forward -looking statements in this report. You should not
place undue reliance on any forward-looking statements. Except as expressly required by the Federal securities laws, the Sponsor
undertakes no obligation to publicly update or revise any forward-looking statements or the risks, uncertainties or other factors
described in this Report, as a result of new information, future events or changed circumstances or for any other reason after
the date of this Report.

Overview/Introduction

Tidal Commodities Trust I (“Trust”),
a Delaware statutory trust organized on February 10, 2023, is a series trust currently consisting