Target Hospitality closes 14 million-share offering at $18.50, repurchases 1,693,599 shares
AI Summary- Target Hospitality closed a secondary offering of shares held by two TDR Capital-controlled entities.
- 14,000,000 shares sold at $18.50 each, with underwriters exercising an additional 2,100,000-share option.
- Target Hospitality repurchased 1,693,599 shares and will hold them as treasury stock.