This mechanism allows investors to perform a 1:1 exchange between blockchain stock (traded on the ATS under the ticker FGRD-YLDS) and Class A common stock (listed on the NASDAQ under the ticker FIGR).
The client needs to submit an email application according to the template;
Moomoo US will process the exchange.
There are no fees charged for the exchange.
Please send the template below to cs@us.moomoo.com to notify Moomoo US of your intent to convert FGRD-YLDS. The email should include:
1. Client information
User ID (Found on the "Me" tab in the app)
Name of the client
2. Details of the exchange request
Convert Symbol: From FGRD-YLDS to FIGR
Number of Shares: e.g., 100 shares
Typically, the exchange is completed within a few business days. Please note that the timeline is subject to the issuer's (Figure) internal review, as well as UMB and DTCC processing cycles.
Position Freeze: Upon submission, your corresponding positions will be temporarily frozen and unavailable for trading.
Non-cancellable: Requests are non-cancellable by default.
Support: In the event of special circumstances, please contact Customer Service promptly.
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