T-REX to Launch First-Ever U.S. 2X Inverse DRAM ETF (RAMZ) on July 28

MIAMI--(BUSINESS WIRE)--T-REX, a joint venture between REX Shares ("REX") and Tuttle Capital Management ("TCM"), today announced the upcoming launch of the T-REX 2X Inverse DRAM Daily Target ETF (RAMZ), the first-ever -2x Inverse ETF in the U.S. tied to the Roundhill Memory ETF (Ticker: DRAM). The launch extends T-REX's record of first-to-market exposures, which includes the first 2x and -2x ETFs on Tesla (TSLT) and Nvidia (NVDX). RAMZ is expected to begin trading on July 28, 2026.

The T-REX 2X Inverse 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 bearish views on, or tactically position around, the memory semiconductor sector powering the AI infrastructure buildout. With the launch of RAMZ, T-REX now offers leveraged exposure to DRAM on both sides of the trade: 2x long through RAM and 2x inverse through RAMZ, giving traders a two-sided toolkit for the memory semiconductor names, including Samsung Electronics, SK Hynix, and Micron Technology, at the center of the AI infrastructure buildout. The pair joins a T-REX lineup built on Memory stock exposures, including 2x long SanDisk (SNDU) and 2x long SK Hynix (HYNX).

The launch of RAMZ expands the T-REX suite to more than 40 leveraged and inverse products, a lineup defined by first-to-market exposures.

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 SK Hynix ADR (HYNX), 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 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 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 inverse leveraged (-2X) investment results, understand the risks associated with the use of leverage and shorting, 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 decreases 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 rises by more than 50% in one trading day.

A prospectus and Statement of Additional Information has been filed with the SEC. The information in the prospectus (or Statement of Additional Information) is not complete and may be changed. We may not sell these securities until the registration statement filed with the Securities and Exchange Commission is effective. This prospectus (or Statement of Additional Information) is not an offer to sell these securities and is not soliciting an offer to buy these securities in any state where the offer or sale is not permitted.

Investing in the Fund is not equivalent to investing directly in DRAM or to taking a short position in DRAM.

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

This ETF does not invest directly in the referenced asset and has a higher degree of risk since it is seeking to track the inverse performance of 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 inverse 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 inverse 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 inverse 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 an increase 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 gain in DRAM, not including the costs of financing leverage and other operating expenses.

Inverse Exposure Risk. The Fund seeks daily inverse leveraged investment results, which means the Fund is designed to rise when DRAM falls and to fall when DRAM rises, on a daily basis. Unlike a direct short position, the Fund’s inverse exposure resets daily, and shareholders may lose money when DRAM rises, an outcome that is opposite from traditional funds.

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.

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 or to taking a short position in DRAM.

Industry Concentration Risk. The Fund will be concentrated in the industries to which the companies held by the Roundhill Memory ETF are assigned. Those companies are currently 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.