Since the net value of leveraged ETF product COMP3L is lower than 0.05 USDT, they trigger the Share Merging Mechanism. As such, MXC will merge the shares of CRV3L, RLC3L, YFI3L, ETC3L, COMP3L, and KNC3L at 10:30 (UTC+8), September 22.
The 10 shares of CRV3L, RLC3L, YFI3L, ETC3L, COMP3L, and KNC3L will be merged into 1 share respectively. Consequently, the net value per share of CRV3L, RLC3L, YFI3L, ETC3L, COMP3L, and KNC3L will be up 10 times respectively, while the user's holding amount will be down to 1/10 respectively. In this connection, the user’s total asset will stay the same after the merging.
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The MXC team
September 22, 2020