Tile Shop Announces Reverse Stock Split and Delisting from Nasdaq

Tile Shop Holdings announced the results of a special meeting where shareholders approved a reverse stock split at a ratio of 1-for-3,000, followed by a forward stock split. The company will delist from Nasdaq and deregister its common stock. Shareholders with fewer than 3,000 shares will receive $6.60 in cash per share, while those with more than 3,000 shares will not receive cash for fractional share interests.