Tidal Commodities Trust I Files Pre-Effective Amendment No. 6 to Form S-1
Ticker: DEFI · Form: S-1/A · Filed: Mar 18, 2024 · CIK: 1985840
Sentiment: neutral
Topics: Tidal Commodities Trust I, S-1/A, SEC Filing, Registration Statement, Commodities
TL;DR
<b>Tidal Commodities Trust I has filed an amendment to its S-1 registration statement, indicating a continuous offering of securities.</b>
AI Summary
Tidal Commodities Trust I (DEFI) filed a Amended IPO Registration (S-1/A) with the SEC on March 18, 2024. Tidal Commodities Trust I filed a pre-effective amendment (No. 6) to its Form S-1 registration statement on March 18, 2024. The filing is for a registration statement under the Securities Act of 1933, with SEC file number 333-276254. The company is incorporated in Delaware and has its principal executive offices in Milwaukee, WI. Tidal Commodities Trust I is classified as a non-accelerated filer, smaller reporting company, and emerging growth company. The filing indicates an intention to offer securities on a delayed or continuous basis pursuant to Rule 415.
Why It Matters
For investors and stakeholders tracking Tidal Commodities Trust I, this filing contains several important signals. This amendment suggests the company is moving forward with its public offering plans, which could lead to new investment opportunities in commodities. As an emerging growth company and smaller reporting company, Tidal Commodities Trust I may have less stringent disclosure requirements, which investors should note.
Risk Assessment
Risk Level: low — Tidal Commodities Trust I shows low risk based on this filing. The filing is an amendment to a registration statement, indicating procedural steps rather than immediate financial performance or market events.
Analyst Insight
Monitor for the effectiveness of the registration statement and subsequent prospectus for details on the securities being offered.
Key Numbers
- S-1/A — Form Type (Amendment to Form S-1)
- 2024-03-18 — Filing Date (Date of filing the amendment)
- 333-276254 — SEC File Number (Registration number)
- 1933 Act — SEC Act (Securities Act under which registration is filed)
- DE — State of Incorporation (Jurisdiction of incorporation)
- 1231 — Fiscal Year End (Company's fiscal year end)
- 6799 — SIC Code (Primary Standard Industrial Classification Code)
- 92-6468665 — IRS Number (Company's IRS Employer Identification No.)
Key Players & Entities
- Tidal Commodities Trust I (company) — Registrant
- Securities and Exchange Commission (regulator) — Filing body
- 333-276254 (dollar_amount) — SEC File Number
- Delaware (company) — State of incorporation
- Milwaukee, WI (company) — Business address
- Guillermo Trias (person) — Chief Executive Officer
- Tidal Investments LLC (company) — Manager
- 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 18, 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 18, 2024. Key takeaways: Tidal Commodities Trust I filed a pre-effective amendment (No. 6) to its Form S-1 registration statement on March 18, 2024.. The filing is for a registration statement under the Securities Act of 1933, with SEC file number 333-276254.. The company is incorporated in Delaware and has its principal executive offices in Milwaukee, WI..
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 filing is an amendment to a registration statement, indicating procedural steps rather than immediate financial performance or market events.
What should investors do after reading Tidal Commodities Trust I's S-1/A?
Monitor for the effectiveness of the registration statement and subsequent prospectus for details on the securities being offered. 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 aiming to register securities for public offering, likely related to commodity-backed assets.
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.
Industry Context
The filing pertains to a trust aiming to register securities for public offering, likely related to commodity-backed assets.
Regulatory Implications
The filing is made under the Securities Act of 1933, which governs the registration of securities.
What Investors Should Do
- Review the full S-1/A filing for details on the securities being offered and the trust's investment strategy.
- Track future SEC filings for updates on the registration statement's effectiveness and any subsequent prospectus.
- Research the management team and any associated entities for further due diligence.
Key Dates
- 2024-03-18: Filing of Pre-Effective Amendment No. 6 to Form S-1 — Indicates progress in the registration process for public offering.
Year-Over-Year Comparison
This is an amendment to a previous S-1 filing, indicating ongoing regulatory and procedural steps for a public offering.
Filing Stats: 4,494 words · 18 min read · ~15 pages · Grade level 14.4 · Accepted 2024-03-18 17:26:06
Key Financial Figures
- $83 — the Share, assuming an initial price of $83.45, is $0.97 or 1.16% of the selling pr
- $0.97 — assuming an initial price of $83.45, is $0.97 or 1.16% 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-031524.htm (S-1/A) — 2232KB
- 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
- 0001999371-24-003658.txt ( ) — 2740KB
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISKS
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISKS 45 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 47 THE SPONSOR 48 THE TRUSTEE 50 OPERATION OF THE FUND 50 Futures Contracts 51 The Fund’s Investments in Cash and Cash Equivalents 58 Other Trading Policies of the Fund 58 The Benchmark 58 Benchmark Performance 61 The Bitcoin Industry 61 The Fund’s Service Providers 62 Litigation disclosure for StoneX 67 Litigation disclosure for Phillip Capital 67 Contractual Fees and Compensation Arrangements with the Sponsor and Third-Party Service Providers 68 Other Non-Contractual Payments by the Fund 68 Forms of Shares 68 Transfer of Shares 69 Inter-Series Limitation on Liability 69 Plan of Distribution 69 Calculating NAV 70 Creation and Redemption of Shares 73 Secondary Market Transactions 75 Use of Proceeds 76 The Trust Agreement 76 The Sponsor Has Conflicts of Interest 78 or Beneficial Interest in the Fund 79 Interests of Named Experts and Counsel 79 Provisions of Federal and State Securities Laws 79 Books and Records 79 Filings, and Reports to Shareholders 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 91 INFORMATION YOU SHOULD KNOW 92 WHERE YOU CAN FIND MORE INFORMATION 92 INDEX TO FINANCIAL STATEMENTS F-1 Glossary of Defined Terms A-1 OF ADDIT