Teucrium Trading, LLC (the "Sponsor"), the sponsor of Teucrium Wheat Fund ("WEAT"), announced today that it will execute a one-for-five reverse share split that will be effective for holders of WEAT shares at 5:00 p.m. Eastern Standard Time on November 24, 2025. Shares of WEAT will trade at their post-split prices on November 25, 2025. WEAT's ticker symbol, "WEAT," and shares of WEAT will continue to trade on the NYSE Arca, under a new CUSIP number: 88166A870.
The reverse share split will reduce the number of WEAT's shares outstanding and will result in a proportionate increase in the net asset value per share ("NAV") of WEAT. As a result of the reverse share split, WEAT's shareholders on November 25, 2025 will receive one post-split share of WEAT for every five pre-split shares of WEAT they hold. Immediately after the reverse share split is effective, WEAT's post-split shares will have an NAV that is five times higher than that of pre-split shares.
The reverse share split will affect all of WEAT's shareholders. The reverse share split will not affect any WEAT shareholder's percentage interest in WEAT, except to the extent that the reverse share split results in a WEAT's shareholder receiving cash in the transaction. The NYSE Arca does not permit the trading of fractional shares. For WEAT's shareholders who hold quantities of WEAT shares that are not an exact multiple of WEAT's reverse share split ratio (a multiple of 5) the share split will result in the creation of a fractional share. WEAT's shareholders otherwise entitled to fractional shares as a result of the reverse share split will receive cash in lieu of such fractional shares, which may cause some shareholders to realize gains or losses, which could be a taxable event for those shareholders.
Also, as a result of the reverse share split, WEAT may have outstanding, with respect to certain of its authorized purchasers, aggregations of less than 25,000 shares required to make a creation basket, or a so-called "odd-lot share". Each of WEAT's authorized purchasers will be provided with a one-time opportunity to redeem any odd-lot shares resulting from the reverse share split.