BTCK 8-K
Teucrium Commodity Trust (BTCK)
8-K
2022-03-07
For: 2022-03-07
View Original
Added on
July 04, 2026
UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT PURSUANT TO
SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT
OF 1934
Date of Report (Date of earliest event
reported): March 7,
2022
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Teucrium Commodity
Trust
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(Exact name of registrant as specified in its
charter)
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Delaware
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001-34765
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61-1604335
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(State or other jurisdiction of
incorporation)
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(Commission File Number)
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(I.R.S. Employer Identification
No.)
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Three Main Street, Suite
215
Burlington, VT
05401
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(Address of principal executive offices) (Zip
Code)
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Registrant’s telephone number, including
area code: (802)
540-0019
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N/A
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(Former name or former address, if changed since
last report)
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Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation
of the registrant under any of the following provisions
(see General Instruction A.2.
below):
☐
Written
communication pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
☐
Soliciting material pursuant to Rule
14a-12 under the Exchange Act (17 CFR
240.14a-12)
☐
Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Securities registered pursuant to Section 12(b)
of the Act:
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Title of each class:
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Trading Symbol(s)
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Name of each exchange on which
registered:
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Shares of Teucrium Wheat
Fund, a series of the Registrant
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WEAT
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NYSE Arca, Inc.
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Indicate by check
mark whether the registrant is an emerging growth company as
defined in Rule 405 of the Securities Act of 1933 (§230.405 of
this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934
(§240.12b-2 of this chapter). Emerging Growth
Company☐
If an emerging
growth company, indicate by check mark if the registrant has
elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided
pursuant to Section 13(a) of the Exchange
Act. ☐
Item
8.01. Other Events
On March 7, 2022, Teucrium
Trading, LLC, the sponsor of the Teucrium Commodity Trust (the
"Trust"), issued a press release relating to the possible temporary
suspension of the sale of shares of the Teucrium Wheat Fund, a
series of the Trust. The press release is attached and is
incorporated herein by reference.
Item
9.01. Financial Statements and Exhibits.
(d) Exhibits.
99.1
Press Release of Teucrium
Trading, LLC dated March 7, 2022
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2
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SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to
be signed on its behalf by the undersigned hereunto duly
authorized.
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Teucrium Commodity Trust
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By:
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Teucrium Trading, LLC, its
sponsor
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Date: March 7, 2022
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By:
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/s/Sal Gilbertie
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Name: Sal Gilbertie
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Title: Chief Executive
Officer
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3
FOR IMMEDIATE
RELEASE
Teucrium Trading, LLC May
Suspend Creations in WEAT
Burlington,
Vermont – March 7, 2022 -- Teucrium Wheat Fund (the
"Fund"), a series of the Teucrium Commodity Trust, offers it shares on a continuous basis and when
all registered shares have been sold, additional shares are
registered in subsequent registration statements with the
Securities and Exchange Commission ("SEC"). As of the opening of
the market on March 7, 2022, the Fund has only approximately
7,375,000 (the "Current Shares") registered with the SEC that are
available for purchase by its Authorized
Purchasers.
The Fund filed a
registration statement with the SEC on March 4, 2022 to register
additional shares. If the Fund sells all of the Current Shares
before the registration statement is declared effective, the Fund
will be required to temporarily suspend creation of its shares. In
such case, until the Fund's registration statement is declared
effective, the Fund may not meet its investment objective, may
experience increased tracking error and may experience significant
premium/discounts and bid-ask spreads.
During this time, the Fund will continue to
accept redemption requests as described in the Fund’s
prospectus, and investors will
continue to be able to buy and sell Fund shares on the stock
exchange through their broker-dealers. However, if demand for Fund
shares exceeds supply while creations are suspended, Fund shares
may trade at a premium to their net asset value (i.e., at prices
greater than net asset value).
Teucrium Trading LLC, the
Fund’s and Trust's sponsor, will provide notice to market
participants if and when the Fund suspends creation of its shares
and/or when the Fund's registration statement is effective, which
it expects to occur in the near future.
Cautionary
Note Regarding Forward-Looking Statements
This press release includes
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995, including statements
about the Sponsor’s expectations regarding the potential
suspension of WEAT creations. Words such as
“anticipate,” “expect,”
“intend,” “plan,” “believe,”
“seek,” “may,” “will,” and
“estimate,” as well as similar words and phrases,
signify forward-looking statements. All forward-looking statements
reflect the Sponsor’s present expectations regarding future
events and are subject to known and unknown risks, uncertainties
and assumptions that could cause actual results to differ
materially from those expressed in or implied by these statements,
including, among others, risks and uncertainties related to the
timing and availability of WEAT shares and timing of effectiveness
of the new registration statement referenced herein, as well as
general economic, market and business conditions. Given these
risks, uncertainties and other important factors, you should not
place undue reliance on any forward-looking statements contained
herein. The forward-looking statements contained herein represent
the Sponsor’s expectations and assumptions only as of the
date made, and except as required by law, the Sponsor undertakes no
obligation to revise or update any forward-looking statements for
any reason.
About
Teucrium Trading LLC
Teucrium Trading is an ETF provider focused solely on U.S.
Agriculture. Our mission is to empower investors with the knowledge
and tools necessary to intelligently design well diversified
portfolios. Teucrium’s suite of Exchange Traded Products has
revolutionized the way commodity ETFs are structured; our products
are widely available to investors and advisors in traditional
brokerage accounts.
Prospectus:
www.teucrium.com
Contact:
Sal Gilbertie
Jake Hanley
802-540-0019