What happens if an odd reverse split is issued if you have a round number of shares?

Question

For example, if you have 100 shares and a 2:3 split is issued, which would translate to 66.67 shares .

A more practical example would be a small lot of 5 shares undergoing a 1:3 split. 1.67 shares?

What would happen here and in similar situations? Thanks for your help.

Answer 1

In most cases, reverse splits usually occur when share prices are depressed. So the companies usually round the no. of shares(up or down) to the closest whole number. In very rare cases u will see the company making a cash payment in lieu of partial shares.