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Tidal Financial Group Announces the Closure of the FIRE Funds™ Income Target ETF (NYSE Arca: FIRI) and the FIRE Funds™ Wealth Builder ETF (NYSE Arca: FIRS)

1. FIRI ETF will close and liquidate on October 24, 2025. 2. Shareholders will receive cash distributions after liquidation. 3. The fund’s portfolio will shift away from its investment strategy. 4. Final distributions are considered a taxable event for shareholders. 5. Tidal Financial Group aims for ETF innovation and growth.

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FAQ

Why Very Bearish?

The closure and liquidation signal a complete stop to trading and potential losses for shareholders. Historical precedents show that ETF liquidations typically lead to significant declines as investors flee.

How important is it?

The liquidation puts FIRI in a negative light, affecting investor confidence and trading. High relevance due to direct impact on its trading status and investor actions.

Why Short Term?

The immediate effects will be evident leading up to the Closing Date, as existing shareholders sell off. Similar situations have shown pricing impacts can happen rapidly during liquidation announcements.

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FIRSSPYIVV
MILWAUKEE, Oct. 10, 2025 (GLOBE NEWSWIRE) -- Tidal Financial Group today announced the upcoming closure and liquidation of the FIRE Funds™ Income Target ETF (NYSE Arca: FIRI) and the FIRE Funds™ Wealth Builder ETF (NYSE Arca: FIRS). The Board of Trustees of Tidal Trust III has determined that closing and liquidating the funds is in the best interest of each fund and its shareholders. The FIRE Funds™ Income Target ETF (the “FIRI Fund”) and the FIRE Funds™ Wealth Builder ETF (the “FIRS Fund”) will cease trading on the NYSE Arca at the close of regular trading on October 24, 2025 (the “Closing Date”) and will no longer accept creation orders as of that date. Shareholders may sell their holdings in the funds prior to the Closing Date through standard brokerage transactions, which may be subject to customary brokerage fees. After October 24, 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 24, 2025 and October 30, 2025 (the “Liquidation Period”), the funds will begin liquidating their holdings and increasing their cash positions in preparation for final distribution. During this period, each fund’s portfolio will depart from its stated investment strategy and objective. On or around October 30, 2025 (the “Liquidation Date”), the funds will distribute their remaining net assets to shareholders of record who have not sold their shares prior to liquidation. This final distribution will be made in cash on a pro rata basis and will generally be treated as a taxable event. Shareholders should consult their tax advisers to understand the potential implications related to capital gains, losses, or dividends arising from the liquidation. After the distribution of net assets is complete, the funds will be officially terminated. About Tidal Financial Group Formed by ETF industry pioneers and thought leaders, Tidal Investments LLC sets out to revolutionize the way ETFs have historically been developed, launched, marketed, and sold. With a focus on growing AUM, Tidal offers a comprehensive suite of services, proprietary tools, and methodologies designed to bring lasting ideas to market. Tidal is an advocate for ETF innovation and is committed to providing issuers with the intelligence and tools needed to efficiently and effectively launch ETFs and optimize growth potential in a highly competitive space.For more information, visit https://www.tidalfinancialgroup.com. Contact: Gavin Filmore at gfilmore@tidalfg.com.

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