Target Hospitality Investors Sell 13M Shares, Firm to Buy Back $30M
The Woodlands, Texas – September 12, 2026 -- Target Hospitality Corp. (Nasdaq: TH) launched an underwritten secondary offering of 13,000,000 shares of common stock on behalf of its controlling investor group, while simultaneously committing to repurchase up to $30,000,000 of stock from the deal's underwriters.
TDR Capital-linked entities sell 13 million shares in secondary offering
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 acting as investment fund manager. Target Hospitality is not issuing any new shares and will not receive proceeds from the offering. Underwriters have been granted a 30-day option to purchase up to an additional 1,950,000 shares.