Since the net value of leveraged ETF products LINK3S and THETA3L are lower than 0.05 USDT, it triggers the Share Merging Mechanism. As such, MXC will merge the shares of LINK3S and THETA3L at 15:00 (UTC+8), July 17.
The 10 shares of LINK3S and THETA3S will be merged into 1 share respectively. Consequently, the net value per share of LINK3S and THETA3S 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.
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The MXC team
July 17, 2020