secwatch.observer — SEC 8-K summary
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Issuer:     Target Hospitality Corp. (TH)
CIK:        0001712189
Form:       8-K
Filed at:   2026-09-09T20:23:41+00:00
Accession:  0001104659-26-106345
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 upsized secondary offering of 14M shares at $18.50; $30M buyback
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1712189/000110465926106345/0001104659-26-106345-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1712189/000110465926106345/tm2623414d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-106345

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