{"schema_version":"secwatch.filing_event.v1","accession":"0001712189-24-000079","form_type":"8-K","ticker":"TH","cik":"0001712189","company_name":"Target Hospitality Corp.","filed_at":"2024-06-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.701543+00:00","generated_at":"2026-06-01T01:04:05.730005+00:00","sec_items":["7.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Target Hospitality revises 2024 outlook after U.S. ends STFRC contract; revenue guidance cut to $375-385M","bullets":["U.S. government terminated South Texas Family Residential Center contract, effective Aug 9, 2024; contract contributed ~$55.9M revenue in 2023.","Revised 2024 outlook: revenue $375-385M, Adjusted EBITDA $184-190M, capex $25-30M.","Anticipates zero net debt by year-end 2024 and >$350M total available liquidity; as of May 31, had $147M cash and $322M liquidity.","Pecos Children's Center contract renewal expected in Nov 2024, but company excludes incremental variable revenue from guidance.","TDR proposal at $10.80/share remains under review by Special Committee; no decision announced."],"urls":{"canonical":"https://secwatch.observer/filing/0001712189-24-000079","json":"https://secwatch.observer/filing/0001712189-24-000079.json","markdown":"https://secwatch.observer/filing/0001712189-24-000079.md","text":"https://secwatch.observer/filing/0001712189-24-000079.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1712189/000171218924000079/0001712189-24-000079-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1712189/000171218924000079/th8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T01:04:05.730005+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}