Since the net value of leveraged ETF products GARI3L are lower than 0.1 USDT and trigger the Share Merging Mechanism. As such, MEXC will merge the shares of GARI3L at 2022-07-04 16:55 PM (UTC).
The 10 share of GARI3L will be merged into 1 share. Consequently, the net value per share of GARI3L 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,
5 July 2022