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Tile Shop Announces Offering Of Common Stock By Selling Stockholders

Tile Shop Holdings, Inc. (NASDAQ: TTS) (the “Company”), a specialty retailer of manufactured and natural stone tiles, setting and maintenance materials, and related accessories, today announced that certain of its stockholders (the “Selling Stockholders”) have commenced an underwritten public offering of 4,000,000 shares of the Company’s common stock. The Selling Stockholders will grant the underwriters for the offering a 30-day option to purchase up to an additional 600,000 shares of common stock on the same terms and conditions to cover any over-allotments.

The Company will not sell any shares of common stock in the proposed offering. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

Citigroup and Robert W. Baird & Co. Incorporated will serve as joint book-running managers and representatives of the underwriters for the offering. Telsey Advisory Group LLC, Wedbush Securities Inc., Houlihan Lokey Capital, Inc., and Sidoti & Company, LLC will serve as co-managing underwriters for the offering.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission (the “SEC”) but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. Before you invest, you should read the prospectus in the registration statement (as may be amended) and other documents the Company has filed with the SEC for more complete information about the Company and this offering. You may get these documents for free by visiting the SEC’s web site at: www.sec.gov. Alternatively, copies of the preliminary and final prospectuses relating to the offering, when available, may be obtained from:

   

Citigroup Global Markets Inc.Attention:c/o Broadridge Financial Solutions1155 Long Island AvenueEdgewood, NY 11717Phone: (800) 831-9146

   

Robert W. Baird & Co. IncorporatedAttention: c/o Syndicate Department777 E. Wisconsin AvenueMilwaukee, WI 53202Phone: (800) 792-2473 syndicate@rwbaird.com

This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities in this offering, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful. The offering of these securities will be made only by means of a prospectus.

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