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StocksMediumUpdated×2•Originally published 21 April 2026•Updated 23 April 2026•

1 min read

Target Hospitality Closes Secondary Offering of 8.05 Million Shares

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Key Facts

1Target Hospitality announced the launch of a secondary offering of 7,000,000 shares of its common stock.

about 1 month ago

Version History

Version 2about 1 month ago

What changed: Updated the story to reflect the official closing of the offering and the increase in final share count to 8.05 million due to the full exercise of the over-allotment option.

Version 1about 1 month ago

What changed: Updated the story to reflect that the offering has been priced and identified MFA Global S as an additional selling stockholder.

Target Hospitality Corp. (Nasdaq: TH) has officially closed its secondary offering of common stock as of April 23, 2026. The final offering size increased to 8,050,000 shares following the full exercise of the underwriters' over-allotment option. The shares were sold by existing stockholders, including Arrow Holdings S.à r.l. and MFA Global S, with the company receiving no proceeds from the transaction. This completion marks a significant liquidity event for the major shareholders involved. Market participants are now focusing on the stock's performance following the increase in public float. The full exercise of the greenshoe option suggests a successful absorption of the additional supply by institutional investors.