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8-K ·Filed Sep 25, 2026

USCI

United States Commodity Index Funds Trust
NEUTRAL
Impact 4/10
Horizonmonths Processed1mo ago SEC0002071876-26-000223
8-K Item 1.01 + 5.02 (likely routine officer/director compensation agreement)
Actionable Insight • Neutral

Monitor TMC's proxy statement (DEF 14A) for the stockholder vote and any subsequent 8-K disclosing the per-share price and premium. The lack of disclosed deal value limits immediate price discovery until the next filing.

DirectionNeutral
Confidencemedium
Horizonmonths
Latest settled — T+20d
USCI ▲ +1.96% at T+20d
NEUTRAL call +1.96% · α vs SPY +2.00% · entry $109.18 → $111.33
Next anchor: T+60d in 8w
Entry = T+0 close
Sep 25, 2026
via day close
T+1d
-0.56%
call -0.56% · α -0.38%
$108.57
settled 29d ago
T+5d
-0.34%
call -0.34% · α -1.54%
$108.81
settled 25d ago
T+20d
+1.96%
call +1.96% · α +2.00%
$111.33
settled 4d ago
T+60d
Pending
in 8w

Price Chart

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Executive Summary

The Marygold Companies (TMC), the sole shareholder of USCF (sponsor of the USCI and CPER commodity index funds), entered into a definitive agreement to be taken private by Madison Dearborn Partners in an all-cash transaction. The deal is expected to close in H1 2027, subject to TMC stockholder approval, regulatory approvals, and change-of-control consents. No financial terms (price, premium, or deal value) were disclosed in the filing.

Key Financial Metrics

Deal Type
merger

Key Facts

  • TMC entered a definitive agreement with Madison Dearborn Partners to become privately held in an all-cash transaction.
  • TMC is the sole shareholder of USCF Investments, which sponsors the United States Commodity Index Funds Trust (USCI and CPER funds).
  • Closing expected during the first half of 2027, subject to customary closing conditions including TMC stockholder approval and regulatory approvals.
  • No financial terms (price per share, premium, or deal value) were disclosed in the filing.
  • Upon completion, TMC's common stock will be delisted from the NYSE.

Financial Impact

No financial terms disclosed; deal value, price per share, and premium are undisclosed.

Risk Factors

  • Transaction may not close within the expected timeframe or at all due to stockholder approval, regulatory approvals, or change-of-control approvals.
  • No deal value or premium disclosed, creating uncertainty about the transaction's valuation relative to current trading levels.
  • Post-close transformation strategy to refocus USCF's business is contingent and not yet committed.

Investment Themes

Traditional Finance

Documents Analyzed

This report is based on 4 SEC documents filed with EDGAR.

DocumentAccession Number
8-K Filing (Primary)0002071876-26-000223
Document: 0002071876-26-000223-index-headers.html0002071876-26-000223
Document: 0002071876-26-000223-index.html0002071876-26-000223
Document: 0002071876-26-000223.txt0002071876-26-000223
6 reports for USCI
Performance horizon

Track record builds as more directional reports settle.

Filters
Rows
Reports for USCI — sortable, filterable
TypeNow
Sep 29, 2026
28d ago
8-K
NEUTRAL ★ 2/10
$108.57awaiting T+60—$110.27 (+1.57%)
Sep 25, 2026
4w ago
8-K
NEUTRAL ★ 4/10
$109.18awaiting T+60—$110.27 (+1.00%)
Aug 28, 2026
8w ago
8-K
NEUTRAL ★ 2/10
$105.28awaiting T+60—$110.27 (+4.74%)
Jul 29, 2026
12w ago
8-K
NEUTRAL ★ 2/10
$101.37 $110.81▲ +9.31%▲ +4.58%$110.27 (+8.78%)
Jun 29, 2026
17w ago
8-K
NEUTRAL ★ 2/10
$91.66 $109.59▲ +19.57%▲ +15.18%$110.27 (+20.30%)
Feb 27, 2026
34w ago
8-K
BULLISH ★ 7/10
$85.38 $98.70▲ +15.60%▲ +6.21%$110.27 (+29.15%)
Showing 6 of 6

US Market Status

Market Closed — Opens Wed (< 1m)

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Report published Sep 25, 2026