On March 14, 2025, the Company signed a definitive agreement with STF Management, LP to purchase the assets related to the management of the STF ETFs. The Company filed a Current Report on Form 8‑K regarding this announcement on March 14, 2025.

Upon completion of the transaction, the assets related to the STF Tactical Growth & Income ETF are planned to be reorganized into a new series of Hennessy Funds Trust named the Hennessy Tactical Growth and Income ETF and the assets related to the STF Tactical Growth ETF are planned to be reorganized into a new series of Hennessy Funds Trust called the Hennessy Tactical Growth ETF.

The transaction is subject to customary closing conditions, including approval by the STF ETFs’ shareholders. The transaction is expected to close in the third calendar quarter of 2025.