Co-Manager on Target Hospitality Corp.’s $112.7MM Follow-On Offering

Oppenheimer & Co. Inc. acted as Co-Manager on Target Hospitality Corp.’s $112.7MM Follow-On Offering

Target Hospitality Corp. ("Target Hospitality" or the "Company") (Nasdaq: TH), one of North America's largest providers of vertically-integrated modular accommodations and value-added hospitality services, announced on April 23, 2026 that it has closed its previously announced underwritten, secondary offering (the "Offering") of 8,050,000 shares of its common stock, par value $0.0001 per share (the "Common Stock"), held by Arrow Holdings S.à r.l. and MFA Global S.à r.l. (collectively, the "Selling Stockholders"), entities controlled by TDR Capital LLP, acting in its capacity as investment fund manager, at a price to the public of $14.00 per share, including the full exercise by the underwriters of their option to purchase up to an additional 1,050,000 shares of Common Stock on the same terms and conditions. The Company did not sell any shares in the Offering and did not receive any of the proceeds from the Offering. 

The Offering was made pursuant to an effective shelf registration statement on Form S-3, including a base prospectus, that was initially filed with the Securities and Exchange Commission (the "SEC") on April 10, 2019 and subsequently declared effective by the SEC on May 16, 2019 and is available on the SEC's website at www.sec.gov. The Offering was made only by means of a prospectus supplement and the accompanying prospectus that forms a part of the registration statement. A final prospectus supplement and the accompanying prospectus relating to the Offering has been filed with the SEC and is available on the SEC's website.

Read the full press release here: Target Hospitality - Target Hospitality Announces Closing of Secondary Offering and Full Exercise of Underwriters' Option to Purchase Additional Shares

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