Target Hospitality selling shareholders price 7 million-share secondary offering at USD 17 each
Target Hospitality Corp.
Target Hospitality Corp. TH | 0.00 |
- Target Hospitality priced an underwritten secondary offering of 7,000,000 common shares at USD 17 per share.
- Gross proceeds of about USD 119 million go to selling stockholders Arrow Holdings and MFA Global, entities controlled by TDR Capital.
- Target Hospitality is not selling shares in the deal, will not receive any proceeds, and expects closing on May 29, 2026.
- Underwriters hold a 30-day option to buy up to 1,050,000 additional shares.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Target Hospitality Corp. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202605280729PR_NEWS_USPR_____DA70205) on May 28, 2026, and is solely responsible for the information contained therein.
