Tile Shop Announces Effective Date for Stock Splits and Nasdaq Delisting.

Tile Shop Holdings has announced the effective dates for its stock splits and delisting from the Nasdaq Capital Market. The company's board of directors approved a 1-for-3,000 reverse stock split, followed by a 3,000-for-1 forward stock split. The reverse stock split will take effect at 5:01 p.m. on December 15, and the forward stock split will take effect at 5:02 p.m. on the same day. The company will pay $6.60 in cash to stockholders who hold fewer than 3,000 shares before the reverse stock split.