# EDGAR Filing Document

**Accession Number:** 0001924868
**File Stem:** 0001999371-25-018864
**Filing Date:** 2025-11
**Character Count:** 5117
**Document Hash:** 65af61ec94ecfded1e40f5847a629427
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001999371-25-018864.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0001999371-25-018864

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**EFFECTIVENESS DATE**: 20251126

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Tidal Trust II
- **CENTRAL INDEX KEY:** 0001924868

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-264478
- **FILM NUMBER:** 251530189

**BUSINESS ADDRESS:**
- **STREET 1:** 234 WEST FLORIDA STREET, SUITE 203
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53204
- **BUSINESS PHONE:** (844) 986-7676

**MAIL ADDRESS:**
- **STREET 1:** 234 WEST FLORIDA STREET, SUITE 203
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53204

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Tidal ETF Trust II
- **DATE OF NAME CHANGE:** 20220421

## Series and Classes Contracts Data

### YieldMax(R) MSTR Option Income Strategy ETF (Series ID: S000084087)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                  | Ticker Symbol | Class ID   |
| YieldMax(R) MSTR Option Income Strategy ETF | MSTY          | C000248347 |

---

## Series and Classes Contracts Data

### YieldMax(R) MSTR Option Income Strategy ETF (Series ID: S000084087)

| Class ID   | Class Name                                  | Ticker Symbol   |
|:---|:---|:---|
| C000248347 | YieldMax(R) MSTR Option Income Strategy ETF | MSTY            |

Filed pursuant to Rule 497(e)

Registration Nos. 333-264478; 811-23793

![](yieldmax.jpg)

**YieldMax<sup>®</sup> MSTR Option Income Strategy ETF (MSTY)**

*listed on NYSE Arca, Inc.*

November 26, 2025

**Supplement to the Summary Prospectus, Prospectus, and Statement of Additional Information ("SAI"), each dated February 28, 2025, as supplemented**

The Board of Trustees of Tidal Trust II (stock split of the issued and outstanding shares of the YieldMax<sup>®</sup> MSTR Option Income Strategy ETF (the "Fund"). After the clo"Trust") has approved a reverse se of trading on NYSE Arca, Inc. (the "Exchange") on December 5, 2025 (the "Effective Date"), the Fund will effect a reverse split of its issued and outstanding shares as follows:

---

| | |
|:---|:---|
| **Reverse Split Ratio** | &nbsp;&nbsp; **Approximate decrease**<br> **in total number of**<br> **outstanding shares** |
| 1:5 | 80% |

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Effective after the close of the market on the Effective Date, the Fund's CUSIP will change as noted in the table below:

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Old CUSIP** | &nbsp;&nbsp;**New CUSIP** |
| 88634T493 | 88636X732 |

---

As a result of this reverse split, every 5 shares of the Fund will be exchanged for 1 share of the Fund. Accordingly, the total number of issued and outstanding shares for the Fund will decrease by approximately 80%. In addition, the per share net asset value ("NAV") and the next day's opening market price will be approximately five times higher. Shares of the Fund will begin trading on the Exchange on a split-adjusted basis on December 8, 2025.

The next day's opening market value of the Fund's issued and outstanding shares, and thus a shareholder's investment value, will not be affected by the reverse split. The table below illustrates the effect of a hypothetical one-for-five reverse split anticipated for the Fund.

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**# of Shares Owned** | &nbsp;&nbsp;**ETF NAV** | &nbsp;&nbsp;**Value of Investment** |
| **Before Reverse Split** | 1000 | $10 | $10000 |
| **After Reverse Split** | 200 | $50 | $10000 |

---

The Trust's transfer agent will notify the Depository Trust Company ("DTC") of the reverse split and instruct DTC to adjust each shareholder's investment(s) accordingly. DTC is the registered owner of the Fund's shares and maintains a record of the Fund's record owners.

**Redemption of Fractional Shares and Tax Consequences of the Reverse Split**

The reverse split may result in a shareholder holding a fractional share of the Fund. However, fractional shares cannot trade on the Exchange. Depending on the policies of a shareholder's broker, shareholders who otherwise would be entitled to receive fractional shares may instead receive an amount of cash equivalent to the value of a fraction of one share to which such holder would otherwise be entitled. Please consult your broker about its policies regarding fractional shares. The redemption of such fractional shares may have tax implications for those shareholders, and a shareholder could recognize a gain or a loss in connection with the redemption of the shareholder's fractional shares. Otherwise, the reverse split is not expected to result in a taxable transaction for Fund shareholders. Please consult your tax advisor about the potential tax consequences. No transaction fee will be imposed on shareholders for the redemption of fractional shares.

**Please retain this Supplement for future reference.**