Tidal Commodities Trust I Files S-1/A Amendment
Ticker: DEFI · Form: S-1/A · Filed: Dec 20, 2024 · CIK: 1985840
Sentiment: neutral
Topics: sec-filing, s-1/a, registration
TL;DR
Tidal Commodities Trust I filed an S-1/A amendment, signaling progress in their public offering plans.
AI Summary
Tidal Commodities Trust I filed an S-1/A amendment on December 20, 2024, for its registration statement. The filing indicates the company is incorporated in Delaware and its principal executive offices are located at 234 West Florida Street, Suite 203, Milwaukee, WI 53204. The filing is related to Registration No. 333-276125.
Why It Matters
This S-1/A filing is a step in the process for Tidal Commodities Trust I to potentially offer securities to the public, which could impact investors interested in the commodities or crypto asset space.
Risk Assessment
Risk Level: medium — S-1/A filings indicate a company is preparing to go public, which carries inherent market and execution risks.
Key Numbers
- 333-276125 — Registration Number (Identifies the specific securities registration with the SEC.)
- 20241220 — Filing Date (The date the amendment was submitted to the SEC.)
Key Players & Entities
- Tidal Commodities Trust I (company) — Registrant
- 333-276125 (dollar_amount) — Registration Number
- 20241220 (dollar_amount) — Filing Date
- 234 West Florida Street, Suite 203, Milwaukee, WI 53204 (company) — Principal Executive Offices Address
- Guillermo Trias (person) — Chief Executive Officer
- Tidal Investments LLC (company) — Management Company
FAQ
What is the purpose of this S-1/A filing?
This is a Pre-Effective Amendment No. 2 to Form S-1, indicating Tidal Commodities Trust I is amending its registration statement for securities.
Who is the Chief Executive Officer of Tidal Commodities Trust I?
Guillermo Trias is listed as the Chief Executive Officer.
What is the business address of Tidal Commodities Trust I?
The business address is 234 West Florida Street, Suite 203, Milwaukee, WI 53204.
What is the registration number associated with this filing?
The registration number is 333-276125.
When was this amendment filed?
The filing date is December 20, 2024.
Filing Stats: 4,275 words · 17 min read · ~14 pages · Grade level 14.3 · Accepted 2024-12-20 16:32:14
Filing Documents
- nexo_s1a-122024.htm (S-1/A) — 1523KB
- ex23-1.htm (EX-23.1) — 5KB
- nexo001.jpg (GRAPHIC) — 29KB
- nexo002.jpg (GRAPHIC) — 58KB
- nexo003.jpg (GRAPHIC) — 2KB
- ex23-1_img001.gif (GRAPHIC) — 2KB
- ex23-1_img002.jpg (GRAPHIC) — 4KB
- ex23-1_img003.jpg (GRAPHIC) — 12KB
- ex23-1_img004.jpg (GRAPHIC) — 18KB
- 0001839882-24-046559.txt ( ) — 1703KB
RISK FACTORS
RISK FACTORS 14 Investment objective and investment strategy 50 OVERVIEW OF THE BITCOIN INDUSTRY AND MARKET 58 OVERVIEW OF COMMODITY Futures MARKETS and carbon markets 66 Description of the index 69 Performance of the other commodity pools operated by the cpo 70 Management’s discussion and analysis of financial condition and results of operations 71 Charges 72
USE OF PROCEEDS
USE OF PROCEEDS 73 Who may subscribe 74 DESCRIPTION OF CREATION AND REDEMPTION OF SHARES 74 ADDITIONAL INFORMATION ABOUT THE TRUST 78 plan of distribution 83 Additional Information Regarding the Shares 83 CUSTODY OF THE Fund’s ASSETS 84 THE FUND’S SERVICE PROVIDERS 88 AUTHORIZED Purchasers 99 CALCULATION OF NAV 99 conflicts of interest 102 privacy policy 103 EXPENSES 104 PROVISIONS OF LAW 104 MANAGEMENT; VOTING BY SHAREHOLDERS 105 MEETINGS 105 BOOKS AND RECORDS 105 GOVERNING LAW; CONSENT TO DELAWARE JURISDICTION 105 legal matters 106 Experts 106 Material U.S. FEDERAL INCOME TAX CONSEQUENCES 106 Purchases by employee benefit plans 111 Part two – General Pool Disclosure 112 information you should know 112 where You can find more information 112 112 Fiscal Year 112 SUMMARY OF PROMOTIONAL AND SALES MATERIAL 113 incorporation by reference of certain documents 113
financial statements
financial statements 113 115 GLOSSARY OF DEFINED TERMS In this prospectus, each of the following quoted terms has the meanings set forth after such term: “Additional Trust Expenses”—Together, any expenses of the Trust that are not assumed by the Sponsor, taxes and governmental charges, expenses and costs of any extraordinary services performed by the Sponsor (or any other Service Provider) on behalf of the Trust, indemnification expenses of the Custodians, Administrator or other agents, service providers or counterparties of the Trust and extraordinary legal fees and expenses. “Administrator”— Tidal ETF Services LLC “Administrator Fee”—The fee payable to the Administrator for services it provides to the Trust, which the Sponsor shall pay the Administrator as a Sponsor-paid Expense. “Auditor”— Tait, Weller, & Baker, LLP “Authorized Purchaser”—A financial entity (specifically a member or participant of a clearing agency registered with the SEC) that has a contractual agreement with the Fund (or its service provider) to purchase and redeem Shares directly with the Fund in Baskets. “Authorized Purchaser Agreement”—An agreement entered into by an Authorized Purchaser with the Sponsor which provides the procedures for the creation and redemption of Baskets “Basket”—An aggregation of [10,000] Shares for which the Fund offers, issues and redeems Shares. “Basket Price”— The NAV attributable to each Share of the Fund (net of accrued but unpaid expenses and liabilities) multiplied by the number of Shares comprising the Basket. “Bitcoin”—A digital asset that is native to the Bitcoin Network. “Bitcoin Account”—The Vault Balance and any subaccounts associated therewith. “Bitcoin Assets”—The bitcoin of the Sponsor and the Trust kept