other material
confidence high
sentiment neutral
materiality 0.55
Selling stockholders (TDR Capital) to sell 7M shares at $14.00 in secondary offering
Target Hospitality Corp.
- Underwriters: Morgan Stanley and Deutsche Bank; co-managers include Stifel & Texas Capital.
- Selling stockholders granted 30-day option for additional 1.05M shares.
- Company receives no proceeds from the offering; total gross proceeds ~$98M to sellers.
- Closing expected April 23, 2026, subject to customary conditions.