Tidal Commodities Trust I Files Pre-Effective Amendment No. 5 to Form S-1
Ticker: DEFI · Form: S-1/A · Filed: Mar 5, 2024 · CIK: 1985840
Sentiment: neutral
Topics: Tidal Commodities Trust I, S-1/A Filing, SEC Registration, Commodities, Public Offering
TL;DR
<b>Tidal Commodities Trust I has filed an amendment to its S-1 registration statement, indicating readiness for public offering.</b>
AI Summary
Tidal Commodities Trust I (DEFI) filed a Amended IPO Registration (S-1/A) with the SEC on March 5, 2024. Tidal Commodities Trust I filed a pre-effective amendment (No. 5) to its Form S-1 registration statement on March 5, 2024. The filing is made under the Securities Act of 1933, with registration number 333-276254. The company's principal executive offices are located at 234 West Florida Street, Suite 203, Milwaukee, WI 53204. The filing indicates that the company is a non-accelerated filer, smaller reporting company, and emerging growth company. The proposed sale of securities is intended to commence as soon as practicable after the effective date of the registration statement.
Why It Matters
For investors and stakeholders tracking Tidal Commodities Trust I, this filing contains several important signals. This amendment signifies progress in the company's efforts to become publicly traded, potentially offering investors exposure to commodities. The filing details the company's structure and operational information, crucial for potential investors to assess risk and opportunity.
Risk Assessment
Risk Level: low — Tidal Commodities Trust I shows low risk based on this filing. The risk is low as this is a routine amendment to a registration statement, not indicating immediate operational or financial distress.
Analyst Insight
Monitor future filings for the effective date of the registration statement and details of the proposed offering.
Key Numbers
- 5 — Amendment Number (Pre-Effective Amendment No. 5)
- 333-276254 — Registration Number (Form S-1 Registration Statement)
- 2024-03-05 — Filing Date (Date filed with SEC)
- 1933 — Securities Act (Act under which registration is made)
Key Players & Entities
- Tidal Commodities Trust I (company) — Registrant
- 333-276254 (regulator) — SEC File Number
- 2024-03-05 (date) — Filing Date
- Guillermo Trias (person) — Chief Executive Officer
- Tidal Investments LLC (company) — Registrant's principal executive offices
- Michael Pellegrino (person) — Copy to
- Peter J. Shea (person) — Legal Counsel
- K&L Gates, LLP (company) — Legal Counsel
FAQ
When did Tidal Commodities Trust I file this S-1/A?
Tidal Commodities Trust I filed this Amended IPO Registration (S-1/A) with the SEC on March 5, 2024.
What is a S-1/A filing?
A S-1/A is a amendment to an IPO registration statement, typically incorporating SEC feedback. This particular S-1/A was filed by Tidal Commodities Trust I (DEFI).
Where can I read the original S-1/A filing from Tidal Commodities Trust I?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Tidal Commodities Trust I.
What are the key takeaways from Tidal Commodities Trust I's S-1/A?
Tidal Commodities Trust I filed this S-1/A on March 5, 2024. Key takeaways: Tidal Commodities Trust I filed a pre-effective amendment (No. 5) to its Form S-1 registration statement on March 5, 2024.. The filing is made under the Securities Act of 1933, with registration number 333-276254.. The company's principal executive offices are located at 234 West Florida Street, Suite 203, Milwaukee, WI 53204..
Is Tidal Commodities Trust I a risky investment based on this filing?
Based on this S-1/A, Tidal Commodities Trust I presents a relatively low-risk profile. The risk is low as this is a routine amendment to a registration statement, not indicating immediate operational or financial distress.
What should investors do after reading Tidal Commodities Trust I's S-1/A?
Monitor future filings for the effective date of the registration statement and details of the proposed offering. The overall sentiment from this filing is neutral.
How does Tidal Commodities Trust I compare to its industry peers?
The filing pertains to a trust seeking to offer securities related to commodities, operating within the financial services sector.
Are there regulatory concerns for Tidal Commodities Trust I?
The filing is made under the Securities Act of 1933, which governs the registration of securities offered to the public.
Industry Context
The filing pertains to a trust seeking to offer securities related to commodities, operating within the financial services sector.
Regulatory Implications
The filing is made under the Securities Act of 1933, which governs the registration of securities offered to the public.
What Investors Should Do
- Review the full S-1/A filing for detailed business operations and risk factors.
- Track the SEC's review process and potential effectiveness date of the registration statement.
- Analyze the final prospectus once available for specific offering terms and pricing.
Key Dates
- 2024-03-05: Filing of Pre-Effective Amendment No. 5 to Form S-1 — Indicates progress towards public offering
Year-Over-Year Comparison
This is an amendment to a previously filed S-1 registration statement, indicating ongoing efforts to prepare for a public offering.
Filing Stats: 4,495 words · 18 min read · ~15 pages · Grade level 14.4 · Accepted 2024-03-05 14:55:10
Key Financial Figures
- $51 — the Share, assuming an initial price of $51.49, is $1.19 or 2.31% of the selling pr
- $1.19 — assuming an initial price of $51.49, is $1.19 or 2.31% of the selling price. For more
- $26,482,666 — the Fund’s total net assets were $26,482,666 and the Fund had 360,000 shares outstan
Filing Documents
- tct_s1a-030524.htm (S-1/A) — 2238KB
- ex23-2.htm (EX-23.2) — 5KB
- ex23-3.htm (EX-23.3) — 2KB
- image_003.jpg (GRAPHIC) — 27KB
- tcts1a030424001.jpg (GRAPHIC) — 70KB
- tcts1a030424002.jpg (GRAPHIC) — 58KB
- tcts1a030424003.jpg (GRAPHIC) — 4KB
- tcts1a030424004.jpg (GRAPHIC) — 6KB
- tcts1a030424005.jpg (GRAPHIC) — 7KB
- tcts1a030424006.jpg (GRAPHIC) — 7KB
- tcts1a030424007.jpg (GRAPHIC) — 2KB
- tcts1a030424008.jpg (GRAPHIC) — 56KB
- tcts1a030424009.jpg (GRAPHIC) — 1KB
- tcts1a030424010.jpg (GRAPHIC) — 3KB
- tcts1a030424011.jpg (GRAPHIC) — 3KB
- tcts1a030424012.jpg (GRAPHIC) — 33KB
- tcts1a030424013.jpg (GRAPHIC) — 23KB
- tcts1a030424014.jpg (GRAPHIC) — 13KB
- tcts1a030424015.jpg (GRAPHIC) — 2KB
- tcts1a030424016.jpg (GRAPHIC) — 3KB
- ex23-2_img001.jpg (GRAPHIC) — 9KB
- ex23-2_img002.jpg (GRAPHIC) — 5KB
- ex23-2_img003.jpg (GRAPHIC) — 12KB
- ex23-2_img004.jpg (GRAPHIC) — 18KB
- 0001999371-24-003094.txt ( ) — 2745KB
Use of Proceeds
Use of Proceeds 76 The Trust Agreement 76 The Sponsor Has Conflicts of Interest 78 79 Interests of Named Experts and Counsel 79 Provisions of Federal and State Securities Laws 79 Books and Records 79 80 Fiscal Year 80 Governing Law 80 Legal Matters 80 Privacy Policy 80 U.S. Federal Income Tax Considerations 81 Investment by ERISA Accounts and IRAs 88 GENERAL POOL DISCLOSURE 90 PERFORMANCE OF THE OTHER COMMODITY POOLS OPERATED BY THE COMMODITY POOL OPERATOR 90 Amplify Inflation Fighter ETF (TICKER: IWIN) 90 CNIC ICE US Carbon Neutral Power Futures Index ETF (TICKER: AMPD) 90 Ionic Inflation Protection ETF (TICKER: CPII) 91 Return Stacked™ Bonds & Managed Futures ETF (TICKER: RSBT) 91 INCORPORATION BY REFERENCE OF CERTAIN INFORMATION 92 INFORMATION YOU SHOULD KNOW 90 WHERE YOU CAN FIND MORE INFORMATION 90 INDEX TO FINANCIAL STATEMENTS Glossary of Defined Terms A-1 1 PROSPECTUS SUMMARY This is only a summary of the prospectus and, while it contains material information about the Fund and its Shares, it does not contain or summarize all of the information about the Fund and the Shares contained in this prospectus that is material and/or which may be important to you. You should read this entire prospectus, including “What Are the Risk Factors Involved with an Investment in the Fund?” beginning on page 13, before making an investment decision about the Shares. In addition, this prospectus includes a statement of additional information that follows and is bound together with the primary disclosure document. Both the primary disclosure document and the statement of additional information contain important information. Principal Offices of the Fund and the Sponsor The Fund is a series of the Trust. The principal offices of the Sponsor, the Trust a