Since the net value of leveraged ETF product IOST3S, OKB3S and LEND3S is lower than 0.05 USDT respectively, it triggers the Share Merging Mechanism. As such, MXC will merge the shares of IOST3S, OKB3S and LEND3S at 12:30 (UTC+8), September 13.
The 10 shares of IOST3S, OKB3S and LEND3S will be merged into 1 share respectively. Consequently, the net value per share of IOST3S, OKB3S and LEND3S 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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Enjoying your trade on MXC.
The MXC team
September 13, 2020