Company: DEFI
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001999371-25-006264
Chunk: 16

Company: Tidal Commodities Trust I
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 8
Chunk 16
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 and determined that it operates as a single reportable segment.

The
Fund’s investment activities are managed by the Sponsor, which serves as the Chief Operating Decision Maker (“CODM”).
The Sponsor is responsible for assessing the Fund’s financial performance and allocating resources. In making these assessments,
the Sponsor evaluates the Fund’s financial results on an aggregated basis, rather than by separate segments. As such, the
Fund does not allocate operating expenses or assets to multiple segments, and accordingly, no additional segment disclosures are
required.

The
Fund primarily generates income through dividends, interest, and realized/unrealized gains on its investment portfolio. Expenses
incurred, including management fees, fund operating expenses, and transaction costs, are considered general fund-level expenses
and are not allocated to specific segments or business lines.

Management
has determined that the Fund does not meet the criteria for disaggregated segment reporting under ASU 2023-07 and will continue
to evaluate its reporting requirements in accordance with applicable accounting standards.

Note
8 – Subsequent Events

In
preparing these financial statements, Management has evaluated the financial statements for the three months ended March, 31,
2025 for subsequent events through the date of this filing and noted no material events requiring either recognition through the
date of the filing or disclosure herein for the Fund.

F-20 

Item
2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

This
information should be 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