Since the net value of leveraged ETF product SUSHI3L and OKB3L is lower than 0.05 USDT respectively, it triggers the Share Merging Mechanism. As such, MXC will merge the shares of SUSHI3L and OKB3L at 19:30 (UTC+8), September 5.
The 10 shares of SUSHI3L and OKB3L will be merged into 1 share respectively. Consequently, the net value per share of SUSHI3L and OKB3L will be up 10 times, while the 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
September 5, 2020