Target Hospitality Launches Secondary Offering of 7 Million Shares

By Chris Stiles • Wednesday, April 22 10:31 • Permanent Link

Target Hospitality said April 21, 2026, that it has launched a secondary offering of 7,000,000 shares of common stock.

The shares are being sold by Arrow Holdings S.à r.l. and MFA Global S.à r.l., both controlled by TDR Capital LLP. Target Hospitality itself is not selling any shares and will receive no proceeds from the offering.

The underwriters also have a 30-day option to buy up to 1,050,000 additional shares.

Morgan Stanley and Deutsche Bank Securities are serving as book-running managers. Northland Securities, Oppenheimer, Stifel and TCBI Securities are co-managers.

The company did not disclose pricing in the release. Following these announcements, the company's shares moved 0.21%, and are now trading at a price of $9.69. If you want to know more, read the company's complete 8-K report here.

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