Roundhill T-REX 2X Long DRAM Daily Target ETF (RAM) Debuts with Largest Day-One Trading Volume of Any U.S.-Listed Leveraged or Inverse ETF

RAM's first-day volume topped the prior record by more than $100 million, signaling intense trader demand for the memory trade

MIAMI--(BUSINESS WIRE)--T-REX™, a joint venture between REX Shares (“REX”) and Tuttle Capital Management ("TCM"), today announced that the Roundhill T-REX 2X Long DRAM Daily Target ETF (RAM) — the first-ever 2X Long ETF tied to the Roundhill Memory ETF (Ticker: DRAM) — had a record-setting debut, recording the largest first-day trading volume of any U.S.-listed leveraged or inverse ETF ever. RAM traded approximately $385 million in notional value on its first day of trading — surpassing the prior category record of roughly $282 million — based on Bloomberg and Goldman Sachs Global FICC & Equities data as of June 24, 2026.

The launch, a collaboration with Roundhill Investments, builds on the momentum of DRAM, which has become one of the most successful ETF launches in history, reaching over $25 billion in AUM since its launch in April 2026.

Momentum as RAM's second-day volume reached approximately $742 million in notional value - nearly double its record debut. The collaboration pairs T-REX's leadership in leveraged single-stock ETFs with Roundhill's track record of building category-defining funds, including DRAM. The Roundhill T-REX 2X Long DRAM Daily Target ETF is designed to seek daily investment results of 200% of the daily performance of DRAM, giving traders a precision tool to express high-conviction views on the memory semiconductor sector powering the AI infrastructure buildout.

About T-REX
T-REX is a joint venture between REX Shares and Tuttle Capital Management. T-REX is redefining single-stock ETFs with first-to-market leveraged and inverse exposures. Built to deliver 2x and -2x daily performance on some of the market's most dynamic companies, T-REX funds give traders powerful tools to express high-conviction views. From being the first to launch 2x and -2x ETFs on Tesla (TSLT) and Nvidia (NVDX), to pioneering 2x leveraged exposure to the SpaceX IPO (SPAX), T-REX continues to set the pace in ETF innovation. With more than 40 products already trading, the suite is constantly expanding to meet evolving investor demand for tactical, high-impact exposures. For more information, visit rexshares.com.

About REX Shares
REX Shares offers a suite of exchange-traded products built for both active traders and long-term investors, spanning income, crypto, thematic, and leveraged strategies. Whether making short-term trades, generating income from volatility, or investing in digital assets and emerging themes like drones, REX empowers investors to act on strong market views.

For more information, please visit rexshares.com.

About Roundhill Investments
Founded in 2018, Roundhill Investments is an SEC-registered investment advisor focused on innovative exchange-traded funds. Roundhill's suite of ETFs offers unique and differentiated exposures across thematic equity, options income, and trading vehicles. Roundhill offers a depth of ETF knowledge and experience, as the team has collectively launched more than 100+ ETFs including several first-to-market products.

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.

Important Information

Investing in the Fund is not equivalent to investing directly in DRAM.

For full fund information, holdings, and risk disclosures, visit rexshares.com/ram.

Investing in the fund involves significant risk and is for sophisticated investors. The Fund is not suitable for all investors. The Fund is designed to be utilized only by knowledgeable investors who understand the potential consequences of seeking daily leveraged (2X) investment results, understand the risks associated with the use of leverage and are willing to monitor their portfolios frequently. The Fund is not intended to be used by, and is not appropriate for, investors who do not intend to actively monitor and manage their portfolios. For periods longer than a single day, the Fund will lose money if DRAM's performance is flat, and it is possible that the Fund will lose money even if DRAM'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 DRAM falls by more than 50% in one trading day.

This ETF does not invest directly in the referenced asset and has a higher degree of risk since it is seeking to track a single asset.

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 Fund will achieve its investment objective. Investing involves risk, including possible loss of principal.

Important Risks

Investing in a T-REX 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 T-REX 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.

Effects of Compounding and Market Volatility Risk. The Fund has a daily leveraged investment objective and the Fund's performance for periods greater than a trading day will be the result of each day's returns compounded over the period, which is very likely to differ from 200% of DRAM's performance, before fees and expenses. Compounding affects all investments, but has a more significant impact on funds that are leveraged and that rebalance daily and becomes more pronounced as volatility and holding periods increase.

Leverage Risk. The Fund obtains investment exposure in excess of its net assets by utilizing leverage and may lose more money in market conditions that are adverse to its investment objective than a fund that does not utilize leverage. An investment in the Fund is exposed to the risk that a decline in the daily performance of DRAM will be magnified. This means that an investment in the Fund will be reduced by an amount equal to 2% for every 1% daily decline in DRAM, not including the costs of financing leverage and other operating expenses.

Derivatives Risk. Derivatives are financial instruments that derive value from the underlying reference asset or assets. Investing in derivatives may be considered aggressive and may expose the Fund to greater risks, and may result in larger losses or small gains, than investing directly in the reference assets, which may prevent the Fund from achieving its investment objective.

Swap Agreements. Swap agreements are entered into primarily with major global financial institutions for a specified period which may range from one day to more than one year. In a standard swap transaction, two parties agree to exchange the return (or differentials in rates of return) earned or realized on particular predetermined reference or underlying securities or instruments. The gross return to be exchanged or swapped between the parties is calculated based on a notional amount or the return on or change in value of a particular dollar amount invested in a reference asset. Swap agreements are generally traded over-the-counter, and therefore, may not receive regulatory protection, which may expose investors to significant losses.

DRAM Investing Risk. Issuer-specific attributes may cause an investment held by the Fund to be more volatile than the market generally. The value of an individual security or particular type of security may be more volatile than the market as a whole and may perform differently from the value of the market as a whole. Roundhill Memory ETF develops, manufactures, and sells data storage devices and solutions using NAND flash technology in the United States, Europe, the Middle East, Africa, Asia, and internationally. In addition to the risks associated generally with operating companies, DRAM faces risks unique to its operations including, among others, rapid changes in technology product cycles, competition from competitors with lower production costs, dependence on patent and intellectual property rights, and the ability to attract, hire and retain key employees or qualified personnel.

Indirect Investment Risk. Roundhill Memory ETF is not affiliated with the Trust, the Adviser, or any affiliates thereof and is not involved with this offering in any way. Investing in the Fund is not equivalent to investing in DRAM.

Industry Concentration Risk. The Fund will be concentrated in the industry to which Roundhill Memory ETF is assigned. As of the date of this prospectus, DRAM is assigned to the technology sector and the computer hardware industry.

Non-Diversification Risk. The Fund is classified as "non-diversified" under the Investment Company Act of 1940, as amended. This means it has the ability to invest a relatively high percentage of its assets in the securities of a small number of issuers or in financial instruments with a single counterparty or a few counterparties.

New Fund Risk. As of the date of this press release, the Fund has no operating history and currently has fewer assets than larger funds.

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