Since the net value of leveraged ETF products THETA3S and SUSHI3L are lower than 0.05 USDT, it triggers the Share Merging Mechanism. As such, MXC will merge the shares of THETA3S and SUSHI3L at 11:30 (UTC+8), September 18.
The 10 shares of THETA3S and SUSHI3L will be merged into 1 share respectively. Consequently, the net value per share of THETA3S and SUSHI3L will be up 10 times, while the user's holding amount will be down to 1/10. In this connection, the user’s total asset will stay the same after the merging.
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The MXC team
September 18, 2020