Since the net value of leveraged ETF product SNFT3L is lower than 0.1 USDT and trigger the Share Merging Mechanism. As such, MEXC will merge the shares of SNFT3L at 2022-12-07 02:20 AM (UTC).
The 10 share of SNFT3L will be merged into 1 share. Consequently, the net value per share of SNFT3L 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,
7 December 2022