United States Commodity Index Funds Trust: TMC Signs Deal
The proposed change of control is subject to TMC stockholder, regulatory and certain change-of-control approvals, with closing expected during the first half of 2027.
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Rhea-AI Filing Summary
United States Commodity Index Funds Trust disclosed that The Marygold Companies, Inc. (TMC), the sole shareholder of USCF Investments, Inc., entered a definitive agreement with Madison Dearborn Partners for TMC to become privately held in an all-cash transaction. USCF Investments is the holding company and sole member of USCF, the Trust’s sponsor.
The transaction is expected to close during the first half of 2027 or earlier upon satisfaction of customary closing conditions, including TMC stockholder approval, regulatory approvals and certain change-of-control approvals. If completed, TMC’s common stock will no longer be listed on the New York Stock Exchange. TMC and Madison Dearborn indicated that, after closing and at the appropriate time, their leaders will execute TMC’s previously announced transformation strategy to refocus USCF’s business. The parties stated there is no guarantee the transaction will be completed within the expected time frame or at all.
8-K Event Classification
Key Figures
Key Terms
all-cash transaction financial
customary closing conditions financial
change-of-control approvals regulatory
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