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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