Teucrium Commodity Trust (CANE) revises fund tax classification powers

Rhea-AI Filing Summary

Teucrium Commodity Trust, the sponsor of exchange-traded products including the Teucrium Sugar Fund, reported that on December 18, 2025 it entered into a Sixth Amended and Restated Declaration of Trust and Trust Agreement with Wilmington Trust Company as trustee. This updated declaration focuses on how each fund series within the trust is treated for U.S. federal income tax purposes.

The amended declaration grants the sponsor full authority, acting in the best interests of the trust and each fund, to make tax elections and to determine, change, or elect to change the federal income tax classification of each fund. It states that the sponsor may exercise this authority without needing authorization from the trustee or shareholders, and clarifies that a tax classification decision for one fund does not affect any other fund. Shareholders also waive any right to challenge a tax classification determination made by the sponsor, and the declaration includes related clarifying revisions and updates to reflect changes in applicable tax laws.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 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): December 18, 2025

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)

(802) 540-0019

Registrant’s telephone number, including area code

Not Applicable

(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:

☐ 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))

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. ☐

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered:
Teucrium Corn Fund		CORN		NYSE Arca
Teucrium Sugar Fund		CANE		NYSE Arca
Teucrium Soybean Fund		SOYB		NYSE Arca
Teucrium Wheat Fund		WEAT		NYSE Arca
Teucrium Agricultural Fund		TAGS		NYSE Arca

--12-31

Item 5.03  Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

On December 18, 2025, the sponsor of Teucrium Commodity Trust (the “Trust”), Teucrium Trading, LLC (the “Sponsor”), and Wilmington Trust Company, the trustee of the Trust (the “Trustee”), entered into a Sixth Amended and Restated Declaration of Trust and Trust Agreement (the “Declaration of Trust”). The Declaration of Trust reflects changes relating to the tax treatment of each series of the Trust (each, a “Fund”) and contains other clarifying and conforming amendments.

Among other things, the Declaration of Trust: (1) grants the Sponsor, acting in the best interests of the Trust and each Fund, full authority to make tax elections and to determine, change or elect to change the federal income tax classification of each Fund; (2) provides that no authorization of the Trustee or the shareholders is required for the Sponsor to exercise such authority; (3) clarifies that a tax classification determination with respect to one Fund does not affect the tax classification of any other Fund; (4) provides that shareholders waive any right to challenge a tax classification determination made by the Sponsor; (5) reflects certain revisions made to be consistent with the foregoing revisions; and (6) reflects additional updates to conform to changes in applicable tax laws.

A copy of the Declaration of Trust is attached hereto as Exhibit 3.1.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit Number		Description
3.1		Sixth Amended and Restated Declaration of Trust and Trust Agreement of Teucrium Commodity Trust, dated December 18, 2025
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

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: December 18, 2025			By:	/s/ Cory Mullen-Rusin
			Name:	Cory Mullen-Rusin
			Title:	Chief Financial Officer

FAQ

What did Teucrium Commodity Trust change in its governance on December 18, 2025?

On December 18, 2025, Teucrium Commodity Trust adopted a Sixth Amended and Restated Declaration of Trust and Trust Agreement. The changes primarily address the tax treatment and federal income tax classification of each fund series and include clarifying and conforming amendments.

How does the new Declaration of Trust affect Teucrium Sugar Fund (CANE) and other funds?

The amended declaration applies to each series of the trust, including the Teucrium Sugar Fund (CANE), Corn, Soybean, Wheat, and Agricultural funds. It clarifies that each fund’s federal income tax classification is determined separately, so a tax classification decision for one fund does not affect the others.

What authority does the sponsor now have over tax classification for Teucrium funds?

The sponsor, Teucrium Trading, LLC, is granted full authority, acting in the best interests of the trust and each fund, to make tax elections and to determine, change, or elect to change the federal income tax classification of each fund. No authorization from the trustee or shareholders is required for the sponsor to exercise this authority.

Can shareholders of Teucrium Sugar Fund (CANE) challenge tax classification decisions?

Under the amended declaration, shareholders waive any right to challenge a tax classification determination made by the sponsor. This waiver applies to tax classification decisions regarding each fund series, including the Teucrium Sugar Fund (CANE).

Did the amended Declaration of Trust include other updates besides tax authority changes?

Yes. In addition to granting the sponsor tax election authority, the declaration reflects revisions consistent with those changes and includes additional updates to conform to changes in applicable tax laws. These are described as clarifying and conforming amendments.

Where can investors find the full text of the Sixth Amended and Restated Declaration of Trust?

The complete Sixth Amended and Restated Declaration of Trust and Trust Agreement of Teucrium Commodity Trust, dated December 18, 2025, is filed as Exhibit 3.1 to the report.