Recent Updates — BNO

On September 25, 2026, The Marygold Companies, Inc. (TMC) entered into a definitive agreement with Madison Dearborn Partners to acquire TMC in an all-cash transaction. TMC is the sole shareholder of USCF Investments, Inc., which controls United States Commodity Funds LLC, the general partner of United States Brent Oil Fund, LP. The transaction is expected to close in the first half of 2027, subject to customary conditions including stockholder and regulatory approvals. Upon completion, TMC will become privately held and delist from the NYSE, with plans to refocus USCF's business strategy. This filing discloses a material change in control for the United States Brent Oil Fund, LP, an exchange-traded fund that tracks the price of Brent crude oil.