Since the net value of leveraged ETF product FOOTBALL3S is lower than 0.1 USDT and trigger the Share Merging Mechanism. As such, MEXC will merge the shares of FOOTBALL3S at 2022-11-15 15:45 PM (UTC).
The 10 share of FOOTBALL3S will be merged into 1 share. Consequently, the net value per share of FOOTBALL3S will be up 10 times, while user's holding amount will be down to 1/10. In this connection, user's total asset will stay the same after the merging.
Learn more about leveraged ETF, please visit:
- What is "Share Merging Mechanism"
- Guide for Leverage ETF
- Leveraged ETF Lectures
- FAQ for Leveraged ETF
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The MEXC Team,
15 November 2022