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.