Target Hospitality announces upsized secondary offering of 14M shares at $18.50; $30M buyback

Target Hospitality Corp.

Selling stockholders (TDR Capital entities) to sell 14M shares at $18.50, gross proceeds ~$259M; company receives none.
Company to repurchase ~$30M of shares from underwriters concurrently, funded by cash and ABL borrowings.
Offering upsized from 12M shares; underwriters have 30-day option for additional 2.1M shares.
Closing expected Sept 10, 2026; Morgan Stanley, Deutsche Bank, J.P. Morgan lead.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.