TechFlow news — FTX has released an announcement regarding the delisting of TWTR spot markets and contracts. The merger of Twitter, Inc. is expected to become effective around the time the market opens on October 28, 2022. The transaction is anticipated to close at a price of $54.20 per share. Once the merger becomes effective, trading of TWTR will be suspended.
- Assuming terms remain unchanged, within one hour after the effectiveness of the Twitter, Inc. merger:
- All TWTR/USD orders will be canceled, and trading on the TWTR/USD market will be suspended.
- TWTR spot lending positions will be automatically closed at $54.20, and spot lending for TWTR will no longer be supported.
- Users' TWTR balances will be converted into U.S. dollars at a price of $54.20 per share.
- All TWTR-1230 orders will be canceled, and trading of the TWTR-1230 contract will cease.
- The TWTR-1230 contract will be settled and delivered at $54.20.
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