Since the net value of leveraged ETF product SXP3L, SUSHI3L, CRV3L and FLM3L are lower than 0.05 USDT respectively, they trigger the Share Merging Mechanism. As such, MXC will merge the shares of SXP3L, SUSHI3L, CRV3L and FLM3L at 21:00 (UTC+8), October 5.
The 10 shares of SXP3L, SUSHI3L, CRV3L and FLM3L will be merged into 1 share respectively. Consequently, the net value per share of SXP3L, SUSHI3L, CRV3L and FLM3L will be up 10 times respectively, 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
October 5, 2020