Form 497 Tidal Trust II
Filed pursuant to Rule 497(e)
Registration Nos. 333-264478; 811-23793

| HBDC | Hilton BDC Corporate Bond ETF |
| listed on The Nasdaq Stock Market, LLC |
June 5, 2026
Supplement to the Summary Prospectus,
Statutory Prospectus, and
Statement of Additional Information (the “SAI”),
each dated February 26, 2026
Effective immediately, Ben McCaig, Portfolio Manager for Tidal Investments LLC (the “Adviser”), a Tidal Financial Group company, the Fund’s investment adviser, no longer serves as a portfolio manager to the Fund, and all references to Mr. McCaig in the Summary Prospectus, Prospectus and SAI are hereby deleted in their entirety.
Please retain this Supplement for future reference.
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