0001654954-22-002589.txt : 20220307 0001654954-22-002589.hdr.sgml : 20220307 20220307060105 ACCESSION NUMBER: 0001654954-22-002589 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20220307 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20220307 DATE AS OF CHANGE: 20220307 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Teucrium Commodity Trust CENTRAL INDEX KEY: 0001471824 STANDARD INDUSTRIAL CLASSIFICATION: [6221] IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34765 FILM NUMBER: 22716102 BUSINESS ADDRESS: STREET 1: THREE MAIN STREET STREET 2: SUITE 215 CITY: BURLINGTON STATE: VT ZIP: 05401 BUSINESS PHONE: 802-540-0019 MAIL ADDRESS: STREET 1: THREE MAIN STREET STREET 2: SUITE 215 CITY: BURLINGTON STATE: VT ZIP: 05401 8-K 1 weat_form8-k.htm PRIMARY DOCUMENT weat_form8-k
 
 
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
 
Teucrium Commodity Trust
(Exact name of registrant as specified in its charter)
 
Delaware
001-34765
61-1604335
(State or other jurisdiction of incorporation)
(Commission File Number)
(I.R.S. Employer Identification No.)
 
Three Main Street, Suite 215
Burlington, VT 05401
 
(Address of principal executive offices) (Zip Code)
 
Registrant’s telephone number, including area code: (802) 540-0019
 
N/A
(Former name or former address, if changed since last report)
 
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:
 
Title of each class:
 
Trading Symbol(s)
 
Name of each exchange on which registered:
 
Shares of Teucrium Wheat Fund, a series of the Registrant
 
WEAT
 
NYSE Arca, Inc.
 
 
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. ☐
 
 
 1
 
 
 
 
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
 
 
 
2
 

 
 
 
 
 
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.
 
 
Teucrium Commodity Trust
 
 
By:
Teucrium Trading, LLC, its sponsor
 
 
 
 
 
Date: March 7, 2022
By:
 /s/Sal Gilbertie
 
 
 
Name: Sal Gilbertie
 
 
 
Title: Chief Executive Officer
 
 
 
 
 
 
 
 
 
3
EX-99 2 exhibit991.htm ADDITIONAL EXHIBITS exhibit991

Exhibit 99.1
 
 
 
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
 
contact@teucrium.com
 
 
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