T-REX 2X Long SMR Daily Target ETF (Ticker: SMUP)

The total market value of shares outstanding for the Fund will not be affected as a result of this corporate action, except with respect to the redemption of fractional shares, as outlined below.

Please note the following CUSIP change will be effective on April 7 after market close.

Reverse Split

T-REX will execute a 1-for-25 reverse split of the issued and outstanding shares of T-REX 2X Long SMR Daily Target ETF.

As a result of the reverse share split, shareholders of the Fund will receive one share for every twenty-five shares held as indicated above. Accordingly, the number of the Fund’s issued, and outstanding shares will decrease proportionally, while the total value of each shareholder’s investment will remain unchanged, except for the value of fractional shares redeemed for cash.

The reverse share split will apply to shareholders as of the close of trading on April 7, 2026. Shares of the Fund will begin trading on a split-adjusted basis on April 8, 2026.

Redemption of Fractional Shares and Tax Consequences of the Reverse Split

As a result of the reverse split, shareholders could potentially hold fractional shares. However, fractional shares cannot trade on the CBOE BZX Exchange. Thus, the Fund will redeem for cash a shareholders’ fractional shares at the Fund’s split-adjusted Net Asset Value after the close of the markets on April 7, 2026.

Such redemption may have tax implications for those shareholders, and shareholders could recognize a gain or loss in connection with the redemption of the shareholders’ fractional shares. Otherwise, the reverse split will not result in a taxable transaction for holders of Fund shares. No transaction fee will be imposed on shareholders for such redemption.

No fractional shares will be issued in connection with the reverse share split. Instead, shareholders will receive cash in lieu of any fractional shares.

“Odd Lot” Unit

Also, because of the reverse split, the Fund may have outstanding one aggregation of less than 10,000 shares to make a creation unit, or an “odd lot unit.” Thus, the Fund will provide one authorized participant with a one-time opportunity to redeem the odd lot unit at the split-adjusted NAV or the NAV on such date the authorized participant seeks to redeem the odd lot unit.

The Fund’s transfer agent will notify the Depository Trust Company (“DTC”) of the split and instruct DTC to adjust each shareholder’s investment(s) accordingly. DTC is the registered owner of the Fund’s shares and maintains a record of the Fund’s record owners.

About REX Shares:

REX is an innovative ETF provider that specializes in alternative-strategy ETFs and ETNs. The firm created the MicroSectors and co-created the T-REX product lines of leveraged & inverse tools for traders and recently launched the first of a series of option-based income strategies.  The firm is rooted in decades of experience building inventive solutions that solve for a range of specific challenges in investor and trader portfolios.

www.rexshares.com

About Tuttle Capital Management (TCM):

TCM is a registered investment adviser and an industry leader in managing thematic ETFs that offer first of their kind of exposures. Please visit www.tuttlecap.com  for more information.

About REX Shares and Tuttle Capital Management (“T-REX”)

REX Shares and Tuttle Capital Management are co-developers of the T-REX family of exchange-traded funds, providing tactical investment exposure through leveraged and inverse daily strategies designed to help investors express short-term market views.

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August 5, 2025 — REX Shares (“REX”), in collaboration with Tuttle Capital Management (“TCM”), is excited to announce that options are now available for the recently launched T-REX 2X Long CRWV Daily Target ETF (CBOE: CRWU) and the T-REX 2X Long SMR Daily Target ETF (CBOE: SMUP).This development expands the choices available to sophisticated investors eager to capture Coreweave’s (CRWV) or NuScale Power’s (SMR) performance, allowing them to engage with these ETFs with greater flexibility and strategic depth. 

These ETFs are designed for traders with a bullish outlook on CRWV or SMR. They aim to amplify daily returns by providing 200% exposure to each stock’s daily price movements. With the options market now open, sophisticated investors can further refine their trading strategies, leveraging options for more precise positioning and risk management. 

Investing in the Funds is not equivalent to investing directly in CRWV or SMR.

For full fund information, holdings, and risk disclosures, visit rexsharestg.wpengine.com.

About REX

REX is an innovative provider of exchange-traded products specializing in alternative-strategy ETFs and ETNs, with over $7 billion in assets under management. REX is renowned for its MicroSectors and T-REX product lines and recently introduced a series of option-based income strategies. For more information, visit rexshares.com.

About Tuttle Capital Management

Tuttle Capital Management is a leader in thematic and actively managed ETFs, leveraging an agile investment approach to align with market trends. Please visit www.tuttlecap.com for more information.

For media inquiries, please contact:

Gregory FCA for REX Shares

rexfin@gregoryfca.com

Matthew Tuttle for Tuttle Capital

mtuttle@TuttleCap.com

Investors should consider the investment objectives, risk, charges, and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the T-REX ETFs please call 1-844-802-4004 or visit our website at rexshares.com. Read the prospectus and summary prospectus carefully before investing.

There is no guarantee that the Funds will achieve their investment objectives. Investing involves risk, including possible loss of principal.

Important Risks

Investing in a REX Shares ETF may be more volatile than investing in broadly diversified funds. The use of leverage by a Fund increases the risk to the Fund. The REX Shares ETFs are not suitable for all investors and should be utilized only by sophisticated investors who understand leverage risk, consequences of seeking daily leveraged, or daily inverse leveraged, investment results and intend to actively monitor and manage their investment.

An investment in the Fund entails risk. The Fund may not achieve its leveraged investment objective and there is a risk that you could lose all of your money invested in the Fund. The Fund is not a complete investment program. In addition, the Fund presents risks not traditionally associated with other mutual funds and ETFs. It is important that investors closely review all of the risks listed below and understand them before making an investment in the Fund.

The Fund may enter into swap agreements with a limited number of counterparties. If the underlying security has a dramatic move in price that causes a material decline in the Fund’s NAV over certain stated periods agreed to by the Fund and the counterparty, the terms of a swap agreement between a Fund and its counterparty may permit the counterparty to immediately close out all swap transactions with the Fund. There is a risk that no suitable counterparties will be willing to enter into, or continue to enter into, transactions with the Fund and, as a result, the Fund may not be able to achieve its leveraged investment objective or may decide to change its leveraged investment objective.

For periods longer than a single day, the Fund(s) will lose money if CRWV’s and SMR’s performance is flat, and it is possible that the Fund(s) will lose money even if CRWV’s and SMR’s performance increases over a period longer than a single day. An investor could lose the full principal value of his/her investment within a single day if the price of CRWV and SMR falls by more than 50% in one trading day.

Distributor: Foreside Fund Services, LLC, member FINRA, not affiliated with REX Shares or the Funds’ investment advisor.

The post Options Market Now Open for the T-REX 2X Long CRWV Daily Target ETF (CBOE: CRWU) and the T-REX 2X Long SMR Daily Target ETF (CBOE: SMUP) appeared first on REX Shares.

July 25, 2025 — REX Shares (“REX”), in collaboration with Tuttle Capital Management (“Tuttle”), is pleased to announce the launch of two new leveraged ETFs: the T-REX 2X Long SMR Daily Target ETF (CBOE: SMUP) and the T-REX 2X Long CRWV Daily Target ETF (CBOE: CRWU).

These ETFs offer traders 2x daily exposure to:

• NuScale Power Corporation (SMR) — a pioneer in small modular nuclear reactor technology
• CoreWeave (CRWV) — a key player in the AI and GPU cloud infrastructure space

The launch of SMUP and CRWU expands REX’s growing suite of T-REX ETFs, designed for active investors looking to express high-conviction, short-term views on companies shaping the future of energy and AI infrastructure.

Both funds are now listed and trading on the CBOE.

Each fund is designed to deliver 200% of the daily performance of its respective underlying stocks.

“With the launch of these ETFs, we’re offering traders a way to take amplified views on companies at the center of AI infrastructure and nuclear energy innovation,” said Scott Acheychek, COO of REX. “This expansion of the T-REX lineup underscores our commitment to building precision tools for active traders.”

Matt Tuttle, CEO of Tuttle Capital Management, added “We continue to see strong demand from traders seeking tactical exposure to individual names. These 2x ETFs allow them to express their convictions with precision and speed, across multiple sectors driving the modern economy.”

These launches expand the T-REX ETF suite, which now includes over 20 leveraged and inverse single-stock ETFs providing 2x and -2x exposure to names like Tesla, NVIDIA, Strategy, and spot crypto with Bitcoin and Ether.

Investing in the Funds is not equivalent to investing directly in CRWV or SMR.

For full fund information, holdings, and risk disclosures, visit www.rexshares.com/t-rex.

About REX

REX is an innovative provider of exchange-traded products specializing in alternative-strategy ETFs and ETNs, with over $7 billion in assets under management. REX is renowned for its MicroSectors and T-REX product lines and recently introduced a series of option-based income strategies. For more information, visit rexshares.com.

About Tuttle Capital Management

Tuttle Capital Management is a leader in thematic and actively managed ETFs, leveraging an agile investment approach to align with market trends. Please visit www.tuttlecap.com for more information.

For media inquiries, please contact:

Gregory FCA for REX Shares

rexfin@gregoryfca.com

Matthew Tuttle for Tuttle Capital

mtuttle@TuttleCap.com

Investors should consider the investment objectives, risk, charges, and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the T-REX ETFs please call 1-844-802-4004 or visit our website at rexshares.com. Read the prospectus and summary prospectus carefully before investing.

There is no guarantee that the Funds will achieve their investment objectives. Investing involves risk, including possible loss of principal.

Important Risks

Investing in a REX Shares ETF may be more volatile than investing in broadly diversified funds. The use of leverage by a Fund increases the risk to the Fund. The REX Shares ETFs are not suitable for all investors and should be utilized only by sophisticated investors who understand leverage risk, consequences of seeking daily leveraged, or daily inverse leveraged, investment results and intend to actively monitor and manage their investment.

An investment in the Fund entails risk. The Fund may not achieve its leveraged investment objective and there is a risk that you could lose all of your money invested in the Fund. The Fund is not a complete investment program. In addition, the Fund presents risks not traditionally associated with other mutual funds and ETFs. It is important that investors closely review all of the risks listed below and understand them before making an investment in the Fund.

Distributor: Foreside Fund Services, LLC, member FINRA, not affiliated with REX Shares or the Funds’ investment advisor.

The post REX Shares Launches Two New T-REX 2X ETFs: CRWU (CoreWeave) and SMUP (NuScale Power) appeared first on REX Shares.