TTSH TILE SHOP HOLDINGS, INC. - 10-Q - (2025-11-04)

TILE SHOP HOLDINGS, INC. (TTSH) Q3 2025 TL;DR

Major Strategic Event: Plan to “Go Dark” The Board approved a transaction to delist stock from Nasdaq and suspend SEC reporting to achieve estimated annual savings of $2.4 million. This requires stockholder approval in December 2025 and will be executed via a reverse/forward stock split. Shareholders owning below a minimum threshold (2,000-4,000 shares) will be cashed out at $6.60 per share, costing an estimated $8.6 million.

Financial Performance Deterioration (9 Months Ended 9/30/2025) The company experienced a significant revers

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