Company: DEFI
Filing Date: 2025-03-27
Form Type: 424B3
Source: 0001999371-25-003249
Chunk: 143

Company: Tidal Commodities Trust I
Filing Date: 2025-03-27
Form: 424B3
Chunk 143
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 is expected to incorporate
the New Fund into its marketing strategies. This includes a commitment to support various promotional activities, ensuring the
visibility and market reach of the Fund. Hashdex is accountable for the Fund’s marketing costs.

Hashdex is obligated to operate in compliance
with applicable laws and regulations. The Support Agreement limits Hashdex’s liability to direct damages, except in cases
of breach of confidentiality or as otherwise stated in the agreement. Hashdex is also required to indemnify other parties against
losses due to its breaches, negligence, or misconduct. The governing law for the Support Agreement is the State of New York.

Merger

The Sponsor and Prior Sponsor entered into
a Support Agreement where in furtherance of their long-term business goals, the Fund would be the successor and surviving entity
from the Merger into the Fund of the Predecessor Fund that is a series of the Trust sponsored by the Prior Sponsor. The Predecessor
Fund’s Declaration of Trust permitted the Prior Sponsor, without a shareholder vote, to transfer the assets of the Predecessor
Fund to the Fund.

The Prior Sponsor and Sponsor entered into
an agreement and plan of partnership merger and liquidation (the “Plan of Reorganization”) dated October 30, 2023.
Pursuant to the Plan of Reorganization, the Fund delivered its Shares to the Predecessor Fund and assumed the liabilities of the
Predecessor Fund on January 3, 2024 (the “Closing Date”). On the Closing Date, the Predecessor Fund delivered its assets
to the Custodian and the Fund’s FCMs, in exchange for the Shares. The Fund distributed to the Predecessor Fund’s record
holders, determined as of the Closing Date, it’s Shares in an amount equal to one for one exchange of the Predecessor Fund’s
shares. Pursuant to the terms of the Plan of Reorganization, the Predecessor Fund liquidated in accordance with the laws of Delaware
and applicable federal securities laws and regulations. The Predecessor Fund and the Fund were required to make representations
and warranties that are customary in matters such as the Plan of Reorganization.

The Merger did not materially modify the
rights of Fund shareholders. Prior to the Merger, the Fund had no operations, received $100 in cash from the Sponsor for four Shares
to complete the pre-operational formation of the Fund and had no liabilities. By being the surviving entity from the Merger, the
Fund acquired all assets and