Company: EUO
Filing Date: 2025-03-28
Form Type: 424B3
Source: 0001193125-25-065648
Chunk: 76

Company: ProShares Trust II
Filing Date: 2025-03-28
Form: 424B3
Chunk 76
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. As a result of this material weakness, management concluded that the Trust’s and the Funds’ internal controls over financial reporting were not effective as of December 31, 2023 and that their disclosure controls and procedures were not effective as of December 31, 2023, March 31, 2024, June 30, 2024 and September 30, 2024. The Trust and the Funds have engaged in remediation efforts to address the material weakness and management continues to evaluate whether additional measures or modifications to the remediation plan are necessary. While management believes these efforts will remediate the material weakness, it will not be considered remediated until the Trust and the Funds complete the design and implementation of the enhanced controls, the controls operate for a sufficient period of time, and management has concluded, through testing, that these controls are effective. The Trust and the Funds cannot assure investors that the measures taken to date and may take in the future, will be sufficient to remediate the control deficiencies that led to the material weakness in internal control over financial reporting or that they will prevent or avoid potential future material weaknesses. The effectiveness of internal control over financial reporting is subject to various inherent limitations, including cost, judgments and assumptions, human error and the risk of fraud. In addition, the restatement of the Trust’s previously issued financial statements may expose it and the Funds to a number of additional risks and uncertainties and unanticipated costs for accounting, legal and other fees and expenses, including the risk of lawsuits related to securities offered. PROSPECTIVE INVESTORS ARE STRONGLY URGED TO CONSULT THEIR OWN TAX ADVISORS AND COUNSEL WITH RESPECT TO THE POSSIBLE TAX CONSEQUENCES TO THEM OF AN INVESTMENT IN THE SHARES OF A FUND; SUCH TAX CONSEQUENCES MAY DIFFER IN RESPECT OF DIFFERENT INVESTORS.

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CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Prospectus and the documents incorporated by reference in this Prospectus contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “1933 Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “1934 Act”), that are subject to risks and uncertainties. Investors can identify these forward-looking statements by the use of expressions such as “may,” “will,” “expect,” “anticipate,” “believe,” “intend,” “plan,”