Teucrium Commodity Trust Files 8-K on Asset Transaction, Lacks Details

TL;DR

**Teucrium Commodity Trust filed an 8-K about an asset transaction, but gave no specifics, leaving investors guessing.**

AI Summary

Teucrium Commodity Trust filed an 8-K on January 3, 2024, to report the completion of an acquisition or disposition of assets, as well as other events. While the filing indicates these events occurred, it does not provide specific details about what was acquired or disposed of, or the nature of the 'other events.' This lack of detail means investors are left in the dark about significant changes to the trust's asset base, which could impact its future performance and risk profile.

Why It Matters

Investors need to know what assets Teucrium Commodity Trust is acquiring or disposing of to understand changes in its investment strategy and potential impact on returns. The absence of specific information in this filing makes it difficult to assess the trust's current financial health and future prospects.

Risk Assessment

Risk Level: medium — The filing indicates a significant event (acquisition/disposition) but provides no details, creating uncertainty and making it difficult for investors to assess potential risks or opportunities.

Analyst Insight

A smart investor would view this filing with caution due to the lack of transparency. They would seek further clarification from Teucrium Commodity Trust regarding the specifics of the asset acquisition/disposition and other events to understand the implications for the trust's portfolio and strategy before making any investment decisions.

Key Players & Entities

• Teucrium Commodity Trust (company) — the registrant filing the 8-K
• 001-34765 (other) — Commission File Number
• January 3, 2024 (date) — Date of Report (earliest event reported)

FAQ

Filing Documents

• tags20240102_8k.htm (8-K) — 27KB
• ex_611380.htm (EX-99.1) — 5KB
• 0001437749-24-000295.txt ( ) — 163KB
• weat-20240103.xsd (EX-101.SCH) — 3KB
• weat-20240103_def.xml (EX-101.DEF) — 11KB
• weat-20240103_lab.xml (EX-101.LAB) — 15KB
• weat-20240103_pre.xml (EX-101.PRE) — 11KB
• tags20240102_8k_htm.xml (XML) — 3KB

01.           Completion of Acquisition or Disposition of Assets

Item 2.01.           Completion of Acquisition or Disposition of Assets   As reported by the registrant on a Form 8-K filed with the Securities and Exchange Commission on November 7, 2023 (File No. 001-34765), Teucrium Commodity Trust (the "Teucrium Trust"), on behalf of its series, Hashdex Bitcoin Futures ETF ("Acquired Fund"), and Tidal Commodities Trust I ("Acquiring Trust"), on behalf of its series, Hashdex Bitcoin Futures ETF ("Acquiring Fund"), entered into an Agreement and Plan of Partnership Merger and Liquidation dated as of October 30, 2023 (the "Plan of Merger"). The Merger closed on January 3, 2024 (the "Closing Date").   Pursuant to the Plan of Merger, each Acquired Fund shareholder received one share of the Acquiring Fund for every one share of the Acquired Fund held on the Closing Date based on the net asset value per share of the Acquiring Fund being equal to the net asset value per share of the Acquired Fund determined immediately prior to the Merger closing. Upon the Merger closing, the Acquiring Fund acquired all the assets of the Acquired Fund and assumed all the liabilities of the Acquired Fund. Upon the Merger closing, the Plan of Merger caused all of the Acquired Fund's shares to be cancelled and the Acquired Fund to be liquidated.   The sponsor of the Teucrium Trust, Teucrium Trading, LLC ("Teucrium"), is not receiving any compensation dependent on the consummation of the Merger. Pursuant to a certain Amended and Restated 33 Act Fund Platform Support Agreement, as amended (the "Support Agreement") among Tidal Investments LLC (f/k/a Toroso Investments, LLC) ("Tidal"), Tidal ETF Services, LLC, Hashdex Asset Management Ltd., and Teucrium, Tidal has agreed to provide Teucrium after the Merger with a monthly amount equal to the greater of seven percent (7%) of the management fee paid to Tidal from the Acquiring Fund and 0.04% of monthly average net assets of the Acquiring Fund ("Te

01.           Other Events

Item 8.01.           Other Events                      On January 3, 2024, the Registrant and the Acquiring Trust issued a joint press release announcing the successful merger of the Hashdex Bitcoin Futures ETF into the Acquiring Trust. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference into this Item 8.01.  

01.           Financial Statements and Exhibits

Item 9.01.           Financial Statements and Exhibits.   (d)  Exhibits:    Exhibit.            Description   99.1                   Joint Press Release, dated January 3, 2024, by Teucrium Commodity Trust and Tidal Commodities Trust I. 104                   Cover Page Interactive Data File (embedded within the Inline XBRL document)   Cautionary Note Regarding Forward-Looking Statements   This Current Report on Form 8-K includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about the Sponsor's expectations regarding its outstanding legal proceedings. All forward-looking statements reflect the Sponsor's present expectations regarding future events and are subject to known and unknown risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in or implied by these statements, including, among others, risks and uncertainties related to the timing, progression, outcome and costs of these legal proceedings, as well as other risks inherent in all legal proceedings. Given these risks, uncertainties and other important factors, you should not place undue reliance on any forward-looking statements the Sponsor makes. The forward-looking statements in this report represent the Sponsor's expectations and assumptions only as of the date made, and except as required by law, the Sponsor undertakes no obligation to revise or update any forward-looking statements for any reason.              

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.     Teucrium Commodity Trust     By: Teucrium Trading, LLC, its sponsor           Date: January 3, 2023 By:  /s/Cory Mullen-Rusin       Name: Cory Mullen-Rusin       Title: Chief Financial Officer and Chief Compliance Officer        

View Full Filing

View this 8-K filing on SEC EDGAR