Target Hospitality Announces Closing of Upsized Secondary Offering and Concurrent Stock Repurchase and Full Exercise of Underwriters' Option to Purchase Additional Shares
Target Hospitality Corp. announced the closing of its upsized underwritten secondary offering of 14,000,000 shares of common stock held by Arrow Holdings, along with a concurrent stock repurchase and the full exercise of the underwriters' option to purchase additional shares. The offering was previously announced and has now been completed.
Why it matters — The closing of the secondary offering and related stock repurchase affects Target Hospitality's share structure and liquidity, which is relevant for investors tracking the company's stock.