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, 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; and 5. a $100 capital contribution to the Teucrium Agricultural Fund, another series of the Trust, in exchange for two 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, 2024, 47,800,000 Shares of the Fund were sold at an aggregate offering price of $1,067,238,258 The Fund paid fees to the Marketing Agent for its services to the Fund from June 9, 2010 (the commencement of operations) through September 30, 2024 in an amount equal to $1,254,691, resulting in net offering proceeds of $1,065,983,567. 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, 2024, 17,500,000 Shares of the Fund were sold at an aggregate offering price of $327,483,337. The Fund paid fees to the Marketing Agent for its services to the Fund through September 30, 2024 in an amount equal to $276,887, resulting in net offering proceeds of $327,206,450. 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, 2024, 13,675,000 Shares of the Fund were sold at an aggregate offering price of $131,301,928. The Fund paid fees to the Marketing Agent for its services to the Fund through September 30, 2024 in an amount equal to $119,180, resulting in net offering proceeds of $131,182,748. 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, 2024, 134,600,000 Shares of the Fund were sold at an aggregate offering price of $1,249,453,196. The Fund paid fees to the Marketing Agent for its services to the Fund through September 30, 2024 in an amount equal to $637,270, resulting in net offering proceeds of $1,248,815,926. 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. 55 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, 2024, 2,287,500 Shares of the Fund were sold at an aggregate offering price of $77,555,646. The Fund paid fees to the Marketing Agent for its services to the Fund through September 30, 2024 in an amount equal to $37,007, resulting in net offering proceeds of $77,518,639. 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. 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, 2024 250,000 $ 18.09 N/A N/A August 1 to August 31, 2024 225,000 $ 17.54 N/A N/A September 1 to September 30, 2024 50,000 $ 18.06 N/A N/A Total 525,000 $ 17.85 January 1 to September 30, 2024 1,525,000 $ 19.36 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, 2024 125,000 $ 11.63 N/A N/A August 1 to August 31, 2024 100,000 $ 11.11 N/A N/A September 1 to September 30, 2024 125,000 $ 12.87 N/A N/A Total 350,000 $ 11.92 January 1 to September 30, 2024 700,000 $ 12.60 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, 2024 - $ - N/A N/A August 1 to August 31, 2024 325,000 $ 5.04 N/A N/A September 1 to September 30, 2024 1,475,000 $ 5.19 N/A N/A Total 1,800,000 $ 5.16 January 1 to September 30, 2024 8,350,000 $ 5.57 N/A N/A 56 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, 2024 50,000 $ 23.30 N/A N/A August 1 to August 31, 2024 - $ - N/A N/A September 1 to September 30, 2024 - $ - N/A N/A Total 50,000 $ 23.30 January 1 to September 30, 2024 425,000 $ 24.95 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, 2024 50,000 $ 25.88 N/A N/A August 1 to August 31, 2024 25,000 $ 24.60 N/A N/A September 1 to September 30, 2024 - $ - N/A N/A Total 75,000 $ 25.45 January 1 to September 30, 2024 187,500 $ 27.05 N/A N/A Item 3. Defaults Upon Senior Securities None. Item 4. Mine Safety Disclosures None.