Akros Technologies announces a change to the ad-hoc rebalancing schedule of the Akros U.S. Space Tech Index in connection with the new listing of Space Exploration Technologies Corp. ("SpaceX").
1. Background and Rationale
SpaceX is to be added to the Akros U.S. Space Tech Index pursuant to the Fast Entry provision. As the trading volume expected from the resulting rebalancing is anticipated to be substantial, the Index Committee, at its meeting held on June 10, 2026, resolved to change the ad-hoc rebalancing schedule in order to minimize market impact and protect investors, pursuant to Section 6.3 (Rebalancing Schedule Adjustment) of the Akros Equity Index Methodology.
In accordance with that provision, this change gives rise to no conflict of interest with investors and is made for the purpose of efficient index administration in consideration of potential tracking error and prevailing liquidity conditions. The change has undergone our internal compliance review, including an assessment of conformity with the IOSCO Principles for Financial Benchmarks.
2. Details of the Change
- Trigger: The Fast Entry rule will be triggered as of the close of June 12, 2026 (D+0, U.S. market), the listing date of SpaceX.
- Implementation: The additions and deletions under this ad-hoc rebalancing will not be implemented in full at a single point in time, but will be implemented progressively in tranches over the following three trading days:
| Tranche | Implementation Date (U.S. market) |
|---|---|
| D+0 | Friday, June 12, 2026 |
| D+1 | Monday, June 15, 2026 |
| D+2 | Tuesday, June 16, 2026 |
3. Contact
Any inquiries regarding this notice may be directed to akros@index.engineering.