Monitor for potential downward pressure on stock price due to share overhang from the secondary offering, though the lack of company proceeds suggests this is shareholder liquidity rather than capital raising.
Price Chart
Executive Summary
Target Hospitality Corp. (TH) announced a secondary public offering of 7 million shares by existing shareholders Arrow Holdings and MFA Global, with an option for an additional 1.05 million shares. The company will not receive proceeds from this offering.
Key Facts
- Secondary offering of 7 million shares by existing shareholders
- Company will not receive any proceeds from the offering
- Selling shareholders granted underwriters option to purchase up to 1.05 million additional shares
- Offering priced at $14.00 per share, with gross proceeds of approximately $98 million to selling shareholders
- Morgan Stanley and Deutsche Bank are book-running managers for the offering
Financial Impact
Dilution of 7 million shares, with potential for additional 1.05 million shares. Gross proceeds of $98 million to selling shareholders.
Risk Factors
- Potential downward pressure on stock price from increased share supply
- Market perception of insider selling
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-046359 |
| Document: tm269315d1_8k.htm | 0001104659-26-046359 |
| Document: tm269315d1_ex99-2.htm | 0001104659-26-046359 |
| Document: tm269315d1_ex99-1.htm | 0001104659-26-046359 |
| Document: 0001104659-26-046359-index-headers.html | 0001104659-26-046359 |
| Document: 0001104659-26-046359-index.html | 0001104659-26-046359 |
| Document: 0001104659-26-046359.txt | 0001104659-26-046359 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | SC 13D/A | $14.09 | awaiting T+1 | — | $14.06 (+0.21%) |
Oct 5, 2026 21d ago | SC 13D/A | $18.54 $18.26 | ▲ +1.51% | ▲ +1.27% | $14.06 (+24.16%) |
Sep 18, 2026 5w ago | Insider Cluster | $21.28 $21.19 | ▼ −0.42% | ▼ −0.41% | $14.06 (−33.93%) |
Sep 1, 2026 8w ago | 8-K | $18.07 $18.39 | ▲ +1.77% | ▲ +1.33% | $14.06 (−22.19%) |
Aug 26, 2026 8w ago | 8-K | $16.78 $18.96 | ▲ +12.99% | ▲ +12.34% | $14.06 (−16.21%) |
Aug 10, 2026 11w ago | 8-K | $16.07 $16.62 | ▲ +3.42% | ▲ +3.74% | $14.06 (−12.51%) |
Aug 5, 2026 11w ago | 8-K | $15.76 $16.00 | ▲ +1.52% | ▲ +1.68% | $14.06 (−10.79%) |
Aug 3, 2026 12w ago | Press Release | $15.79 $15.99 | ▲ +1.27% | ▼ −0.54% | $14.06 (−10.96%) |
May 28, 2026 21w ago | 8-K | $17.36 $17.17 | ▲ +1.09% | ▲ +1.35% | $14.06 (+19.01%) |
May 11, 2026 24w ago | 8-K | $18.08 $17.48 | ▼ −3.32% | ▼ −3.18% | $14.06 (−22.23%) |
US Market Status
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