Short answer
Target Hospitality Corp. (TH) filed an 8-K current report with the SEC on September 9, 2026 reporting Item 8.01 (Other Events), Item EX-99.1 (Exhibit EX-99.2). TDR-controlled selling stockholders offering 14M shares at $18.50, creating substantial secondary-market supply.
Target Hospitality Corp. 8-K event analysis
AI summary of each reported item and its exhibits
Item 8.01 · Other Events
- TDR-controlled selling stockholders offering 14M shares at $18.50, creating substantial secondary-market supply
- Underwriters hold a 30-day option for 2.1M additional shares, potentially increasing selling pressure
- Company receives no offering proceeds, limiting direct balance-sheet benefit
- Company plans approximately $30M stock repurchase, funded with cash and ABL borrowings
- Repurchased shares become treasury stock, partially offsetting the offering’s potential dilution and increasing leverage risk
Item EX-99.1 · Exhibit EX-99.2
- TDR Capital affiliates launching secondary sale of 12,000,000 shares; Target Hospitality receives no offering proceeds
- Underwriters hold a 30-day option for 1,800,000 additional shares, potentially increasing selling pressure
- Company plans up to $30,000,000 concurrent repurchase, offsetting part of the secondary-sale share supply
- Repurchase funded with cash on hand and ABL Credit Facility borrowings, increasing leverage and liquidity needs
- Repurchased shares become treasury stock, potentially reducing net shares outstanding depending on offering allocation
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
Other Target Hospitality Corp. 8-K filings
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