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Tile Shop Holdings, Inc. and JWC Acquisition Corp Announce Closing of Business Combination


Tuesday, 21 Aug 2012 05:02pm EDT 

Tile Shop Holdings, Inc. and JWC Acquisition Corp jointly announced that the previously announced business combination between TS Holdings, JWCAC, and The Tile Shop, LLC (The Tile Shop) has closed. Pursuant to the Business Combination, through a series of transactions, JWCAC and The Tile Shop have been combined under TS Holdings, and all outstanding shares of JWCAC`s common stock (other than shares of JWCAC`s common stock held by stockholders who properly exercised their redemption rights) were exchanged for shares of TS Holdings` common stock. Beginning August 22, 2012, TS Holdings` common stock will be listed on the NASDAQ Global Market under the ticker symbol TTS, and all of JWCAC`s outstanding warrants to purchase shares of JWCAC`s common stock, which are now exercisable for an equal number of shares of TS Holdings` common stock on the existing terms and conditions of such warrants, will be traded on the Over-the-Counter Bulletin Board (OTCBB) under the symbol TTSAW. Shares of JWCAC`s common stock will cease trading on the OTCBB. 

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