Target Hospitality receives U.S. government notice to terminate STFRC contract; effective Aug 9, 2024

Target Hospitality Corp.

U.S. government intends to terminate South Texas Family Residential Center services agreement with Target's migrant programming partner in 60 days.
Target's STFRC Contract with partner will terminate concurrently on or about August 9, 2024.
Target retains ownership of the modular assets and can redeploy them to other segments.
Company plans to provide financial and operational updates reflecting the termination before June 30, 2024.

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