Tile Shop board OKs 'going dark' via reverse split; small holders cashed out at $6.60/sh

TILE SHOP HOLDINGS, INC.

Reverse stock split ratio between 1-for-2,000 and 1-for-4,000; small holders receive $6.60 cash per share.
Estimated 726,000 shares (16% of outstanding) cashed out; total cost ~$4.8M plus ~$523k expenses.
Company expects annual savings of ~$2.4M after delisting and deregistration from SEC.
Special stockholder vote set for December 2025; directors/execs owning 36.9% plan to vote 'FOR'.
Fairness opinion from GuideCap Partners; cash-out price is a premium to Oct 2, 2025 closing price.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.