What happens if partial shares are created during a reverse split?
Any fractional SOIs that are created in a reverse split can’t be traded, although they continue to exist in your account in case a future split causes them to become a full SOI that can be traded. For example, if 7 SOIs of a particular player are held and there is a 1:2 reverse split, those 7 SOIs will become 3.5 SOIs at twice the value (Reverse Splits do not change Total Value or Percentage of Ownership). 3 SOIs can be traded and if there is a future Split the half SOI will become a full SOI that can be traded.
Any fractional SOIs that are created in a reverse split can’t be traded they continue to exist in your account in case a future split causes them to become a full SOI that can be traded. For example, if 7 SOIs of a particular player are held and there is a 1:2 reverse split, those 7 SOIs will become 3.5 SOIs at twice the value (Reverse Splits do not change Total Value or Percentage of Ownership). 3 SOIs can be traded and if there is a future Split the half SOI will become a full SOI that can be traded.
