ETF Opportunities Trust – T-REX 2X Long ASTS Daily Target ETF is a non-diversified, actively managed exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 200% of the daily performance of AST SpaceMobile, Inc. common stock (NASDAQ: ASTS). The fund, which trades under the ticker ASUP, provides leveraged single-stock exposure through financial instruments, including swap agreements and other derivatives, and may also hold cash, cash equivalents and fixed-income securities for collateral, liquidity and portfolio-management purposes. It is designed principally for sophisticated, actively monitoring traders seeking tactical exposure to AST SpaceMobile and does not seek to achieve its objective over periods longer than one trading day; daily rebalancing and compounding can cause returns over longer periods to differ materially from twice the cumulative performance of ASTS. The fund is concentrated in the industry assigned to AST SpaceMobile, currently technology and communications equipment, and is subject to leverage, derivatives, counterparty, liquidity, rebalancing, daily-correlation and issuer-specific risks. ETF Opportunities Trust sponsors the U.S.-domiciled fund, while Tuttle Capital Management, LLC serves as investment adviser; the T-REX product line is offered through the strategic collaboration of REX Shares and Tuttle Capital Management, and Foreside Fund Services, LLC acts as distributor. The fund was launched in May 2026 on Cboe as part of an expansion of the T-REX leveraged and inverse single-stock ETF platform; its launch alongside the T-REX 2X Long LITE Daily Target ETF broadened the suite to include more than 40 products offering tactical exposure to individual equities and other reference assets.