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NEW YORK - Teucrium Trading, LLC announced Tuesday that its Teucrium Wheat Fund (NYSE Arca:WEAT) will undergo a one-for-five reverse share split, effective after market close on November 24, 2025. Shares will begin trading at the adjusted price on November 25 under the same ticker but with a new CUSIP number: 88166A870. The fund, currently priced at $4.34 and with a market capitalization of $123.51 million according to InvestingPro data, has seen its value decline by 15.43% over the past year.
The corporate action will reduce the number of outstanding shares while proportionately increasing the fund’s net asset value per share. Shareholders will receive one post-split share for every five pre-split shares they currently hold, resulting in shares with a net asset value five times higher than before the split. This move comes as WEAT trades within its 52-week range of $3.99-$5.35, having declined 10.17% year-to-date.
According to the company’s statement, the reverse split will not affect any shareholder’s percentage interest in the fund, except in cases where fractional shares are created. Since NYSE Arca does not permit trading of fractional shares, investors entitled to fractional shares will receive cash in lieu of those positions, which may trigger taxable events for some shareholders.
The fund sponsor noted that authorized purchasers holding less than the 25,000 shares required for a creation basket after the split will have a one-time opportunity to redeem these "odd-lot" shares.
Teucrium Trading specializes in U.S. agriculture exchange-traded products. The Teucrium Wheat Fund offers investors exposure to wheat futures markets without requiring a futures trading account.
The information is based on a press release issued by Teucrium Trading, LLC.
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