Target Hospitality announces $119M secondary offering by TDR Capital-controlled selling stockholders at $17.00/share

Target Hospitality Corp.

Selling stockholders (entities controlled by TDR Capital LLP) to sell 7M shares at $17.00; gross proceeds ~$119M.
Company will not receive any proceeds from the offering.
Underwriters have 30-day option to purchase up to additional 1,050,000 shares.
Closing expected May 29, 2026; Morgan Stanley and Deutsche Bank are book-runners.

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