Target Hospitality Launches Offering of Common Shares by Selling Stockholders

05:12 PM EDT, 09/08/2026 (MT Newswires) -- Target Hospitality (TH) said late Tuesday it launched a secondary offering of 13 million common shares by the selling stockholders. The selling stockholders also granted the underwriters a 30-day overallotment option to buy up to an additional 1.95 million common shares, according to a statement. The company said it will not receive any proceeds from the offering. Upon the completion of the offering, the company will repurchase up to $30 million of its common stock from the underwriters using cash on hand and borrowings under a credit facility, according to the company.