Tile Shop Holdings, Inc. announced the results of a special meeting held on December 3, 2025.
The company approved a reverse stock split at a ratio of 1-for-3,000 followed by a forward stock split of 3,000-for-1.
The board of directors intends to delist and deregister the company from Nasdaq after the stock splits.
Stock Split Ratios
Approved reverse stock split at a ratio of 1-for-3,000 and forward stock split of 3,000-for-1.
Cash Payment
Stockholders with fewer than 3,000 shares pre-split will receive $6.60 cash per share.
Delisting Plan
Company plans to delist and deregister to save costs and focus on growth initiatives.
Expected Annual Savings
Anticipates over $2.4 million in annual savings post-deregistration and delisting.
- The stock split decision aims to streamline operations and reduce costs for Tile Shop Holdings, Inc.
- Delisting from Nasdaq and deregistration under the Securities Exchange Act of 1934 will give the company more flexibility in managing its operations and investments.
Tile Shop Holdings, Inc. takes strategic steps with the approval of stock splits and the plan to delist from Nasdaq, aiming for long-term growth and shareholder value.