Company: DEFI
Filing Date: 2025-03-27
Form Type: 424B3
Source: 0001999371-25-003249
Chunk: 178

Company: Tidal Commodities Trust I
Filing Date: 2025-03-27
Form: 424B3
Chunk 178
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 situations occur, the COE sets out a clear process for enacting disciplinary measures. This framework is designed to support a trading environment that aligns with regulatory expectations.

Resolution of Conflicts Procedures

The Trust Agreement provides that whenever a conflict of interest exists between the Sponsor or any of its Affiliates, on the one hand, and the Trust, any shareholder of a Trust series, or any other person, on the other hand, the Sponsor shall resolve such conflict of interest, take such action or provide such terms, considering in each case the relative interest of each party (including its own interest) to such conflict, agreement, transaction or situation and the benefits and burdens relating to such interests, any customary or accepted industry practices, and any applicable generally accepted accounting practices or principles. In the absence of bad faith by the Sponsor, the resolution, action or terms so made, taken or provided by the Sponsor shall not constitute a breach of the Trust Agreement or any other agreement contemplated therein or of any duty or obligation of the Sponsor at law or in equity or otherwise.

Ownership or Beneficial Interest in the Fund

Security Ownership of Certain Beneficial Owners.The following table sets forth information with respect to each person known to own beneficially more than 5% of the outstanding Shares of the Fund as of December 31, 2024, based on information known to the Sponsor.

| Name and Address of Beneficial Owner      | Amount and nature of Beneficial Ownership | Percent of Class |
| National Financial Services LLC           
 200 Liberty Street                        
 New York, NY 10281                        | 43,112 shares                             | 30.79%           |
| J.P. Morgan Securities LLC/JPMC           
 383 Madison Ave                           
 New York, NY 10179                        | 26,422 shares                             | 18.87%           |
| Charles Schwab & Co., Inc.                
 101 Montgomery Street                     
 San Francisco, CA 94104                   | 22,531 shares                             | 16.09%           |
| JPMorgan Chase Bank, National Association 
 14201 Dallas Parkway                      
 Chase International Plaza                 
 Dallas, TX 75254-2916                     | 11,024 shares                             | 7.87%            |

Security Ownership of Management.As of the date of this prospectus, the Sponsor owned 507 shares of the Fund and none of the principals of the Sponsor owned any Shares of the Fund.

Change of Control.Neither the Sponsor nor the Trustee knows of any arrangements which may subsequently result in a change in