GraniteShares 2x Long LCID Daily ETF (Nasdaq: LCDL) Fund Delisting – Negative NAV

GraniteShares Advisors LLC ("GraniteShares") announces that, following market movements in Lucid Group Inc. (LCID), the GraniteShares 2x Long LCID Daily ETF (Nasdaq: LCDL) (the "Fund") closed out its entire LCID position today at a loss that caused its net asset value to become negative. As a result, GraniteShares will initiate the delisting of the Fund from NASDAQ Stock Market LLC.