ERShares Announces XOVR Shareholder Protection Plan Ahead of the SpaceX IPO
PR Newswire
NEW YORK, June 5, 2026
XOVR ETF long-term shareholders have already benefited from approximately $50 million in unrealized appreciation reflected in the Fund's net asset value from SpaceX exposure.Key HighlightsXOVR long-term shareholders have already benefited from approximately $50 million in unrealized appreciation reflected in the Fund's net asset value from SpaceX exposure.ERShares is implementing a shareholder protection plan ahead of the SpaceX IPO to help reduce potentially disruptive short-term trading activity. For investor questions, please see the XOVR FAQ page and prospectus supplement.The Fund expects to use tools described in the fund's prospectus to mitigate potential adverse harm to the fund. These tools include the ability to reject certain Creation Units where acceptance may have an adverse effect on the Fund or on the rights of the Fund's beneficial owners, which has already gone into effect.Beginning on the day of the SpaceX IPO, a variable redemption/transaction fee, payable to the Fund, of up to a maximum of 2% may be imposed on redemptions.The creation and redemption processes apply to shareholders who purchase or redeem Creation Units and do not directly apply to shareholders who purchase or sell Shares in the Secondary Market. However, the impact of these processes may lead to discounts on secondary market trading compared to the NAV of the fund or other significant price impacts on secondary trades of the fund shares, beginning on the day of the SpaceX IPO.XOVR was the first ETF to pioneer the private-public crossover structure, combining publicly traded growth equities with select private-company exposure inside a single ETF.XOVR applies ERShares' VC Lens with a long-term horizon. SpaceX is a long-term conviction holding for the Fund and is accessed indirectly through a special purpose vehicle.NEW YORK, June 5, 2026 /PRNewswire/ -- ERShares today announced that the ERShares Private-Public Crossover ETF, ticker XOVR, has instituted a shareholder protection plan ahead of the SpaceX IPO. The plan is designed to help protect long-term shareholders and retail investors from disruptive short-term trading activity that could create costs, liquidity pressure, or potential dilution of value created through the Fund's SpaceX exposure.
