Summary by Futu AI
On February 7, 2024, Invitae Corporation (stock symbol: NVTA) announced that its shares are once again eligible for Continuous Net Settlement (CNS) at the National Securities Clearing Corporation (NSCC). This update follows a previous arrangement, detailed in OCC Information Memo #54070, where settlement of NVTA options exercise/assignment activity was limited to broker to broker settlement as of February 6, 2024. With the eligibility for CNS reinstated, all exercise and assignment activity for NVTA options from February 7, 2024, will be processed through NSCC, streamlining the settlement process. The deliverable for NVTA options will continue to be the underlying 100 Invitae Corporation Common Shares. The Options Clearing Corporation (OCC) has issued this update and reminds investors to independently verify all information relevant to investment decisions. Adjustments to options and futures are made on a case-by-case basis and are subject to change with new information or changes to the terms of corporate events.