Target Hospitality closes 14 million-share offering at $18.50, repurchases 1,693,599 shares

Verifying
  • 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.
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