Fund 1 Investments, LLC's Schedule 13D Filing for Tile Shop Holdings, Inc.

Fund 1 Investments, LLC filed a Schedule 13D with the SEC, disclosing its ownership of 12,859,012 shares of common stock in Tile Shop Holdings, Inc., representing approximately 28.8% of the outstanding shares. The filing indicates that the shares were purchased based on the belief that they were undervalued and represented an attractive investment opportunity. Fund 1 Investments may engage in discussions with the company's board and management regarding the company's corporate governance, strategic opportunities, and a proposed deregistration plan. The filing also notes that Fund 1 Investments has entered into cash-settled total return swap agreements providing economic exposure to an additional 902,113 notional shares. The Reporting Person does not have any present plans or proposals that would result in significant changes to the company's structure or operations.