Tile Shop Holdings, Inc. has announced a significant corporate restructuring involving a series of stock splits and an impending delisting from The Nasdaq Capital Market. Following the approval from shareholders during a special meeting on December 3, 2025, the Board of Directors has confirmed the execution of a 1-for-3,000 reverse stock split, immediately followed by a 3,000-for-1 forward stock split. These changes are set to take effect on December 15, 2025, with the reverse stock split occurring at 5:01 p.m. and the forward split at 5:02 p.m.
Starting December 16, 2025, Tile Shop’s common stock will continue trading under the existing symbol “TTSH,” with a new CUSIP number assigned. Shareholders holding fewer than 3,000 shares prior to the reverse split will receive $6.60 in cash for each whole share, effectively nullifying their status as stockholders in the company. In contrast, those holding more than 3,000 shares, categorized as Continuing Stockholders, will not receive any cash for fractional shares but will see their holdings restored to the original amount following the forward split.
This move to implement the stock splits is part of a broader strategy for the company’s voluntary delisting and deregistration of its common stock under the Securities Exchange Act of 1934. The goal is to reduce the substantial costs associated with public reporting, with projected savings exceeding $2.4 million annually. The company plans to file a Form 25 Notification with the U.S. Securities and Exchange Commission (SEC) on December 17, aimed at withdrawing its common stock from listing and will subsequently file a Form 15 to deregister its shares around December 27.
Tile Shop emphasizes that this strategic shift will allow it to concentrate on growing its business and enhancing shareholder value in a more cost-effective manner. More information regarding the stock splits can be accessed in the company’s definitive proxy statement filed with the SEC on November 5, 2025.
Operating across 31 states and the District of Columbia, Tile Shop is well-known for its specialty retailing of a diverse range of tiles and related materials, boasting a current store count of 140. As a member of several industry associations, the company is recognized for offering high-quality products and exceptional customer service.
In line with standard practices for corporate announcements, Tile Shop’s management has issued forward-looking statements concerning the timing and implications of these changes. The company advises stakeholders to consider the inherent uncertainties tied to such projections, which may affect actual outcomes significantly.
