Teucrium Commodity Trust 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds   (a) None.     (b) On July 31, 2010, for all Funds listed below except the Teucrium Agricultural Fund for which the contribution was made on April 1, 2011 and the Hashdex Bitcoin Futures ETF for which the contribution was made on May 25, 2022, the Sponsor made the following capital contributions and received the following shares for that contribution prior to each Fund’s commencement of operations; such shares were sold in private offerings exempt from registration under Section 4(2) of the Securities Act of 1933, as amended:   1. a $100 capital contribution to the Teucrium Corn Fund, another series of the Trust, in exchange for four shares of such fund; 2. a $100 capital contribution to the Teucrium Soybean Fund, another series of the Trust, in exchange for four shares of such fund; 3. a $100 capital contribution to the Teucrium Sugar Fund, another series of the Trust, in exchange for four shares of such fund; 4. a $100 capital contribution to the Teucrium Wheat Fund, another series of the Trust, in exchange for four shares of such fund; 5. a $100 capital contribution to the Teucrium Agricultural Fund, another series of the Trust, in exchange for two shares of such fund; and 6. a $100 capital contribution to the Hashdex Bitcoin Futures ETF, another series of the Trust, in exchange for four shares of such fund.   Teucrium Corn Fund   Registration Statement on Form S-1     File Number     Registered Common Units   Effective Date 1     333-162033     30,000,000   June 7, 2010 2     333-187463     -   April 30, 2013 3     333-210010     -   April 29, 2016 4     333-230626     -   April 29, 2019 5     333-237234     10,000,000   May 1, 2020 6     333-248546     20,000,000   October 2, 2020 7     333-263434     Indeterminate Number of Shares   April 7, 2022   From June 9, 2010 (the commencement of operations) through September 30, 2023, 46,425,000 Shares of the Fund were sold at an aggregate offering price of $1,040,347,790. The Fund paid fees to Foreside Fund Services, LLC for its services to the Fund from June 9, 2010 (the commencement of operations) through September 30, 2023 in an amount equal to $1,221,3390, resulting in net offering proceeds of $1,039,126,401. The offering proceeds were invested in corn futures contracts and cash and cash equivalents in accordance with the Fund’s investment objective stated in the prospectus.   Teucrium Soybean Fund   Registration Statement on Form S-1   File Number     Registered Common Units   Effective Date 1   333-167590     10,000,000   June 13, 2011 2   333-196210     -   June 30, 2014 3   333-217247     -   May 1, 2017 4   333-223940     5,000,000   April 30, 2018 5   333-241569     15,000,000   August 24, 2020 6   333-263448     Indeterminate Number of Shares   April 7, 2022   From September 19, 2011 (the commencement of the offering) through September 30, 2023, 16,675,000 Shares of the Fund were sold at an aggregate offering price of $307,231,839. The Fund paid fees to Foreside Fund Services, LLC for its services to the Fund through September 30, 2023 in an amount equal to $262,397, resulting in net offering proceeds of $306,969,442. The offering proceeds were invested in soybean futures contracts and cash and cash equivalents in accordance with the Fund’s investment objective stated in the prospectus.   Teucrium Sugar Fund   Registration Statement on Form S-1   File Number     Registered Common Units   Effective Date 1   333-167585     10,000,000   June 13, 2011 2   333-196211     -   June 30, 2014 3   333-217248     -   May 1, 2017 4   333-223941     5,000,000   April 30, 2018 5   333-248545     15,000,000   October 2, 2020 6   333-263438     Indeterminate Number of Shares   April 7, 2022   From September 19, 2011 (the commencement of the offering) through September 30, 2023, 12,875,000 Shares of the Fund were sold at an aggregate offering price of $120,202,444. The Fund paid fees to Foreside Fund Services, LLC for its services to the Fund through September 30, 2023 in an amount equal to $107,313, resulting in net offering proceeds of $120,095,131. The offering proceeds were invested in sugar futures contracts and cash and cash equivalents in accordance with the Fund’s investment objective stated in the prospectus.   Teucrium Wheat Fund   Registration Statement on Form S-1   File Number     Registered Common Units   Effective Date 1   333-167591     10,000,000   June 13, 2011 2   333-196209     -   June 30, 2014 3   333-212481     25,050,000   July 15, 2016 4   333-230623     30,000,000   April 29, 2019 5   333-263293     Indeterminate Number of Shares   March 9, 2022   From September 19, 2011 (the commencement of the offering) through September 30, 2023, 130,000,000 Shares of the Fund were sold at an aggregate offering price of $1,225,123,346. The Fund paid fees to Foreside Fund Services, LLC for its services to the Fund through September 30, 2023 in an amount equal to $560,511, resulting in net offering proceeds of $1,224,562,835. The offering proceeds were invested in wheat futures contracts and cash and cash equivalents in accordance with the Fund’s investment objective stated in the prospectus.   56 Table of Contents   Teucrium Agricultural Fund   Registration Statement on Form S-1   File Number     Registered Common Units   Effective Date 1   333-173691     5,000,000   February 10, 2012 2   333-201953     -   April 30, 2015 3   333-223943     -   April 30, 2018 4   333-254650     -   April 30, 2021 5   333-263450     Indeterminate Number of Shares   April 7, 2022   From March 28, 2012 (the commencement of the offering) through September 30, 2023, 2,287,500 Shares of the Fund were sold at an aggregate offering price of $77,555,646. The Fund paid fees to Foreside Fund Services, LLC for its services to the Fund through September 30, 2023 in an amount equal to $31,340, resulting in net offering proceeds of $77,524,306. The offering proceeds were invested in Shares of the Underlying Funds and cash and cash equivalents in accordance with the Fund’s investment objective stated in the prospectus.   Hashdex Bitcoin Futures ETF   Registration Statement on Form S-1   File Number     Registered Common Units   Effective Date 1   333-256339     Indeterminate Number of Shares   September 14, 2022   From September 15, 2022 (the commencement of the offering) through September 30, 2023, 110,000 Shares of the Fund were sold at an aggregate offering price of $2,829,029. The offering proceeds were invested in bitcoin futures contracts and cash and cash equivalents in accordance with the Fund’s investment objective stated in the prospectus.   Issuer Purchases of CORN Shares:   Period Total Number of Shares Purchased   Average Price Paid per Share   Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs   Maximum Number (or Approximate Dollar Value) of Shares that May Yet Be Purchased Under the Plans or Programs   July 1 to July 31, 2023  150,000 $                24.35 N/A N/A August 1 to August 31, 2023  275,000 $                22.51 N/A N/A September 1 to September 30, 2023  200,000 $                21.98 N/A N/A Total  625,000 $                22.78               January 1 to September  30, 2023  2,375,000 $                24.55 N/A N/A   Issuer Purchases of CANE Shares:   Period Total Number of Shares Purchased   Average Price Paid per Share   Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs   Maximum Number (or Approximate Dollar Value) of Shares that May Yet Be Purchased Under the Plans or Programs   July 1 to July 31, 2023  150,000 $                12.86 N/A N/A August 1 to August 31, 2023  200,000 $                13.17 N/A N/A September 1 to September 30, 2023  150,000 $                14.95 N/A N/A Total  500,000 $                13.61               January 1 to September  30, 2023  2,425,000 $                12.72 N/A N/A   Issuer Purchases of WEAT Shares:   Period Total Number of Shares Purchased   Average Price Paid per Share   Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs   Maximum Number (or Approximate Dollar Value) of Shares that May Yet Be Purchased Under the Plans or Programs   July 1 to July 31, 2023  650,000 $                  6.56 N/A N/A August 1 to August 31, 2023  -    $                       -    N/A N/A September 1 to September 30, 2023  200,000 $                  5.80 N/A N/A Total  850,000 $                  6.38               January 1 to September  30, 2023  8,050,000 $                  7.15 N/A N/A     57 Table of Contents   Issuer Purchases of SOYB Shares:   Period Total Number of Shares Purchased   Average Price Paid per Share   Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs   Maximum Number (or Approximate Dollar Value) of Shares that May Yet Be Purchased Under the Plans or Programs   July 1 to July 31, 2023  75,000 $                29.29 N/A N/A August 1 to August 31, 2023  50,000 $                27.31 N/A N/A September 1 to September 30, 2023  175,000 $                27.68 N/A N/A Total  300,000 $                28.02               January 1 to September  30, 2023  1,250,000 $                27.64 N/A N/A   Issuer Purchases of TAGS Shares:   Period Total Number of Shares Purchased   Average Price Paid per Share   Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs   Maximum Number (or Approximate Dollar Value) of Shares that May Yet Be Purchased Under the Plans or Programs   July 1 to July 31, 2023  37,500 $                30.72 N/A N/A August 1 to August 31, 2023  25,000 $                31.02 N/A N/A September 1 to September 30, 2023  -    $                       -    N/A N/A Total  62,500 $                30.84               January 1 to September  30, 2023  537,500 $                31.14 N/A N/A   Issuer Purchases of DEFI Shares:   Period Total Number of Shares Purchased   Average Price Paid per Share   Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs   Maximum Number (or Approximate Dollar Value) of Shares that May Yet Be Purchased Under the Plans or Programs   July 1 to July 31, 2023  -    $                       -    N/A N/A August 1 to August 31, 2023  -    $                       -    N/A N/A September 1 to September 30, 2023  -    $                       -    N/A N/A Total  -    $                       -                  January 1 to September  30, 2023  10,000 $                32.39 N/A N/A   Item 3. Defaults Upon Senior Securities   None.   Item 4. Mine Safety Disclosures   None.