Item 2. Unregistered Sales of Equity Securities
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, 2022, 45,075,000 Shares of the Fund were sold at an aggregate offering price of $1,006,339,032. 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, 2022 in an amount equal to $1,178,405, resulting in net offering proceeds of $1,005,174,973. 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.
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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, 2022, 16,075,000 Shares of the Fund were sold at an aggregate offering price of $291,042,004. The Fund paid fees to Foreside Fund Services, LLC for its services to the Fund through September 30, 2022 in an amount equal to $247,265, resulting in net offering proceeds of $290,799,216. 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, 2022, 11,225,000 Shares of the Fund were sold at an aggregate offering price of $100,467,907. The Fund paid fees to Foreside Fund Services, LLC for its services to the Fund through September 30, 2022 in an amount equal to $99,365, resulting in net offering proceeds of $100,370,640. 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, 2022, 114,500,000 Shares of the Fund were sold at an aggregate offering price of $1,121,566,547. The Fund paid fees to Foreside Fund Services, LLC for its services to the Fund through September 30, 2022 in an amount equal to $472,279, resulting in net offering proceeds of $1,121,124,446. 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.
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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, 2022, 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, 2022 in an amount equal to $22,305, resulting in net offering proceeds of $77,536,080. 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, 2022, 50,004 Shares of the Fund were sold at an aggregate offering price of $1,250,100. 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:
Issuer Purchases of CANE Shares:
Issuer Purchases of WEAT Shares:
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Issuer Purchases of SOYB Shares:
Issuer Purchases of TAGS Shares:
Issuer Purchases of DEFI Shares: Nothing to report.
Item 3. Defaults Upon Senior Securities
None.
Item 4. Mine Safety Disclosures
None.
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