secwatch.observer — SEC 8-K summary
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Issuer:     Target Hospitality Corp. (TH)
CIK:        0001712189
Form:       8-K
Filed at:   2026-05-28T21:21:06+00:00
Accession:  0001104659-26-067647
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1712189/000110465926067647/0001104659-26-067647-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1712189/000110465926067647/tm2615480d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-067647

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer