Battleshares TSLA vs F ETF to close and liquidate in October

Tidal Financial Group and Defiance ETFs announced the closure and liquidation of the Battleshares TSLA vs F ETF (NYSE Arca: ELON). The Board of Trustees of Tidal Trust III determined that closing the fund serves the best interest of the fund and its shareholders.

The ETF will cease trading on NYSE Arca at the close of regular trading on October 6, 2025, and will no longer accept creation orders as of that date. Shareholders may sell their holdings through standard brokerage transactions before the closing date, which may be subject to customary brokerage fees.

After October 6, 2025, shareholders will be unable to buy or sell shares on an exchange and will instead receive cash distributions as part of the liquidation process. Between October 6 and October 10, 2025, the fund will begin liquidating its holdings and increasing its cash position in preparation for final distribution.

During the liquidation period, the fund's portfolio will depart from its stated investment strategy and objective. On or around October 10, 2025, the fund will distribute its remaining net assets to shareholders of record who have not sold their shares prior to liquidation.

The final distribution will be made in cash on a pro rata basis and will generally be treated as a taxable event. The company advised shareholders to consult their tax advisers to understand potential implications related to capital gains, losses, or dividends arising from the liquidation.

After the distribution of net assets is complete, the fund will be officially terminated, according to the press release statement.

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