Core Viewpoint - Tidal Financial Group has announced the closure and liquidation of the Azoria TSLA Convexity ETF (TSLV) and the Azoria 500 Meritocracy ETF (SPXM), determining it to be in the best interest of the funds and their shareholders [1]. Fund Closure Details - The TSLV and SPXM will cease trading on the Cboe BZX Exchange at the close of regular trading on December 8, 2025, and will no longer accept creation orders from that date [2]. - Shareholders can sell their holdings prior to the Closing Date through standard brokerage transactions, which may incur customary brokerage fees [3]. Liquidation Process - Between December 8, 2025, and December 15, 2025, the funds will begin liquidating their holdings and increasing cash positions in preparation for final distribution, which will lead to a departure from their stated investment strategies [4]. - On or around December 15, 2025, the funds will distribute remaining net assets to shareholders of record who have not sold their shares prior to liquidation, with this final distribution treated as a taxable event [5]. - After the distribution of net assets is complete, the funds will be officially terminated [6]. Company Background - Tidal Financial Group, formed by ETF industry pioneers, aims to revolutionize the development, launch, marketing, and sale of ETFs, focusing on growing assets under management (AUM) and providing a comprehensive suite of services and tools for ETF innovation [7].