M&A
confidence high
sentiment neutral
materiality 0.35
Hashdex Bitcoin Futures ETF merger from Teucrium to Tidal closed Jan 3, 2024
Teucrium Commodity Trust
- Merger closed Jan 3; each Acquired Fund share converted into one Acquiring Fund share at equal NAV.
- Teucrium will receive ongoing compensation from Tidal: greater of 7% of mgmt fee or 0.04% of monthly avg net assets.
- No compensation dependent on merger consummation; Teucrium not receiving deal-dependent pay.
- The fund continues as Hashdex Bitcoin Futures ETF under Tidal Commodities Trust I.