Tidal Commodities Trust I Files S-1/A Amendment

TL;DR

<b>Tidal Commodities Trust I has filed an S-1/A amendment for its registration statement.</b>

AI Summary

Tidal Commodities Trust I (DEFI) filed a Amended IPO Registration (S-1/A) with the SEC on January 10, 2024. Tidal Commodities Trust I filed an S-1/A amendment on January 10, 2024. The filing is a pre-effective amendment to a Form S-1 registration statement. The company's principal executive offices are located at 234 West Florida Street, Suite 203, Milwaukee, WI 53204. The filing is for registration under the Securities Act of 1933. Tidal Commodities Trust I is incorporated in Delaware.

Why It Matters

For investors and stakeholders tracking Tidal Commodities Trust I, this filing contains several important signals. This amendment indicates ongoing efforts by Tidal Commodities Trust I to register securities, suggesting a potential upcoming public offering or further regulatory steps. The filing provides updated information and addresses for the company and its agent for service, crucial for regulatory compliance and investor communication.

Risk Assessment

Risk Level: low — Tidal Commodities Trust I shows low risk based on this filing. The filing is an S-1/A amendment, which is a procedural step in the registration process and does not contain significant new financial or operational data that would alter the risk profile.

Analyst Insight

Monitor for further amendments or the effectiveness of the registration statement to understand the details of the proposed offering.

Key Numbers

• 2024-01-10 — Filing Date (Date of S-1/A amendment filing)
• 333-276254 — Registration Number (SEC registration number for the offering)
• 1933 — SEC Act (Securities Act under which registration is filed)
• 6799 — SIC Code (Primary Standard Industrial Classification Code Number)

Key Players & Entities

• Tidal Commodities Trust I (company) — Registrant
• 234 West Florida Street Suite 203 (address) — Registrant's principal executive offices
• Milwaukee (location) — Registrant's principal executive offices
• WI (location) — Registrant's principal executive offices
• 53204 (zip_code) — Registrant's principal executive offices
• Guillermo Trias (person) — Chief Executive Officer
• Tidal Investments LLC (company) — Registrant's principal executive offices
• Peter J. Shea (person) — Agent for service

Forward-Looking Statements

• Tidal Commodities Trust I will launch its public offering of securities within the next 3-6 months. (Tidal Commodities Trust I) — medium confidence, target: July 2024
• The investment product offered by Tidal Commodities Trust I will primarily focus on providing exposure to crypto assets. (Tidal Commodities Trust I) — high confidence, target: N/A

FAQ

Industry Context

The filing pertains to a trust aiming to register securities, likely for a future offering, within the regulatory framework of the U.S. Securities and Exchange Commission.

Regulatory Implications

The filing is made under the Securities Act of 1933, which governs the registration of new securities offerings in the United States.

What Investors Should Do

1. Review the full S-1/A filing for specific details on the securities being registered.
2. Track future SEC filings from Tidal Commodities Trust I for updates on the offering status.
3. Research the business model and investment strategy of Tidal Commodities Trust I.

Key Dates

• 2024-01-10: Filing of S-1/A Amendment — Indicates progress in the registration process for securities.

Year-Over-Year Comparison

This is an amendment to a previously filed registration statement, indicating a continuation of the registration process rather than a new filing.

Key Financial Figures

• $51 — the Share, assuming an initial price of $51.49, is $1.21 or 2.35% of the selling pr
• $1.21 — assuming an initial price of $51.49, is $1.21 or 2.35% of the selling price. For more
• $2,537,000 — the Fund&rsquo;s total net assets were $2,537,000. As of December 29, 2023, the Fund&rsqu

Filing Documents

• tct_s1a-011024.htm (S-1/A) — 3046KB
• ex23-2.htm (EX-23.2) — 5KB
• ex23-3.htm (EX-23.3) — 3KB
• tcts1001.jpg (GRAPHIC) — 52KB
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• tcts1023.jpg (GRAPHIC) — 90KB
• ex232001.jpg (GRAPHIC) — 14KB
• ex232002.jpg (GRAPHIC) — 9KB
• ex232003.jpg (GRAPHIC) — 20KB
• 0001999371-24-000311.txt (&nbsp;) — 3854KB

From the Filing

TO FORM S-1 As filed with the Securities and Exchange Commission on January 10 , 2024 Registration No . 333-276254 UNITED SECURITIES AND EXCHANGE COMMISSION WASHINGTON , D . C . 20549 PRE-EFFECTIVE AMENDMENT NO. 2 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Tidal Commodities Trust I (Registrant) Delaware (State or other jurisdiction of incorporation or organization) 6799 (Primary Standard Industrial Classification Code Number) 92-6468665 (I.R.S. Employer Identification No.) c/o Tidal Investments LLC (f/k/a Toroso Investments, LLC) 234 West Florida Street Suite 203 Milwaukee , WI 53204 Phone: (844) 986-7700 (Address, including zip code, and telephone number, including area code, of Registrant&rsquo;s principal executive offices) Guillermo Trias Chief Executive Officer Tidal Investments LLC 234 West Florida Street, Suite 203 Milwaukee, WI 53204 Phone: (844) 986-7700 (Name, address, including zip code, and telephone number, including area code, of agent for service) Copy to: Michael Pellegrino Tidal Investments LLC 234 West Florida Street, Suite 203 Milwaukee, WI 53204 (844) 986-7700 Peter J. Shea K&L Gates, LLP 599 Lexington Avenue New York, NY 10022 Approximate date of commencement of proposed sale to the public: As soon as practicable after the effective date of this Registration Statement. If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the following box. If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of &ldquo;large accelerated filer,&rdquo; &ldquo;accelerated filer,&rdquo; &ldquo;smaller reporting company,&rdquo; and &ldquo;emerging growth company&rdquo; in Rule 12b-2 of the Exchange Act. Large accelerated filer Accelerated reporting company Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. The Registrant hereby amends this Registration Statement on such date or dates as may be necessary to delay its effective date until the Registrant shall file a further amendment which specifically states that this Registration Statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act or until this Registration Statement shall become effective on such date as the Commission, acting pursuant to said Section 8(a), may determine. The information in this prospectus is not complete and may be changed. We may not sell these securities until the registration statement filed with the Securities and Exchange Commission is effective. This prospectus is not an offer to sell these securities and it is not soliciting an offer to buy these securities in any jurisdiction where the offer or sale is not permitted. Preliminary Prospectus dated [ ], 2024 Hashdex Bitcoin ETF Hashdex Bitcoin ETF (f/k/a Hashdex Bitcoin Futures ETF, the &ldquo;Fund&rdquo; or &ldquo;DEFI&rdquo;) is designed to provide investors with price exposure to the bitcoin market. The Fund issues shares (&ldquo;Shares&rdquo;) that trade on NYSE Arca stock exchange (&ldquo;NYSE Arca&rdquo;) under the symbol &ldquo;DEFI&rdquo;. Shares can be purchased and sold by investors through their broker-dealer. Under its current investment objective, the Fund may hold bitcoin and bitcoin futures contracts. Purchasing Shares of the Fund is subject to the risks of bitcoin as well as the additional risks of investing in the Fund. The Fund&rsquo;s investment objective is for changes in the Shares&rsquo; net asset value (&ldquo;NAV&rdquo;) to reflect the daily changes of the price of the Nasdaq Bitcoin Reference Price - Settlement (NQBTCS) (the &ldquo;Benchmark&rdquo;), less expenses from the Fund&rsquo;s operations. The Benchmark is designed to track the pri

View Full Filing

View this S-1/A filing on SEC EDGAR