-+ 0.00%
-+ 0.00%
-+ 0.00%
Target Hospitality selling shareholders launch secondary offering of 13,000,000 shares
Share
Listen to the news
Target Hospitality selling shareholders launch secondary offering of 13,000,000 shares
  • Target Hospitality launched an underwritten secondary offering of 13,000,000 common shares sold by Arrow Holdings S.à r.l. and MFA Global S.à r.l.
  • Selling stockholders granted underwriters a 30-day option to buy up to 1,950,000 additional shares.
  • Concurrent with the offering close, Target Hospitality plans to repurchase up to USD 30 million of offered shares from underwriters.
  • Repurchase price set at the underwriters’ purchase price from selling stockholders; shares to be held as treasury stock.
  • Funding expected from cash on hand, borrowings under its ABL credit facility.


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: DA43015) on September 08, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending