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 the pricing of a public offering by certain of its stockholders (the “Selling Stockholders”) of 4,500,000 shares of the Company’s common stock. The shares of common stock will be sold at a public offering price of $15.00 per share. The Selling Stockholders have also granted the underwriters for the offering a 30-day option to purchase up to an additional 675,000 shares of common stock on the same terms and conditions to cover any over-allotments. The offering is expected to close on December 18, 2012.
The offering consists entirely of secondary shares to be sold by the Selling Stockholders. The Company is not selling any shares of common stock in the offering.
Citigroup and Robert W. Baird & Co. Incorporated are serving 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 are serving as co-managing underwriters for the offering.
The offering is being made pursuant to an effective registration statement and related prospectus. Before you invest, you should read the prospectus 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. Copies of the prospectus, when available, may also be obtained from:
|Citigroup Global Markets Inc. Attention: c/o Broadridge Financial Solutions 1155 Long Island Avenue Edgewood, NY 11717 Phone: (800) 831-9146||Robert W. Baird & Co. Incorporated Attention: c/o Syndicate Department 777 E. Wisconsin Avenue Milwaukee, WI 53202 Phone: (800) 792-2473 firstname.lastname@example.org|
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