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News  ›  GlobeNewswire Inc.

Tile Shop Announces Effective Date for Stock Splits and Delisting from Nasdaq Capital Market

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Globe Newswire
Tile Shop Announces Effective Date for Stock Splits and Delisting from Nasdaq Capital Market

Tile Shop Holdings plans a 1-for-3,000 reverse stock split followed by a 3,000-for-1 forward stock split, intending to delist from Nasdaq to reduce public reporting costs and save approximately $2.4 million annually.

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TTSH   neutral

The company is strategically reducing public reporting costs and administrative expenses, which could benefit long-term operations, but the delisting might be perceived negatively by some investors