It can also reverse split 1-7
Your 7 share is now 1 share
They do this to meet exchanges rules
If they want to stay on the exchange
This is for company whose stock price is crashing hard
Lol
say a company who use to trade at $7/share
went through hard time and is trading at $0.25
it is not meeting that $1 minimum requirement to stay on the exchange
it might do a 1-8 reverse split
to bring to stock price back above $1 so it don't get kick off the exchange