Welcome to our dedicated page for Target Hospitality SEC filings (Ticker: TH), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Target Hospitality Corp. filings document the public-company record for a Nasdaq-listed provider of modular accommodations and hospitality services. Its 8-K reports disclose operating results, investor presentations, Regulation FD business updates, contract announcements and material corporate events connected to its workforce communities and service offerings.
TH filings also cover common stock registration and capital-structure matters, including prospectus supplements and underwriting agreements for secondary offerings by selling stockholders. Proxy materials describe annual meeting proposals, board composition, committee service, executive compensation and equity incentive matters, while governance-related 8-K filings record director appointments and amendments to performance stock unit arrangements under the company incentive plan.
Target Hospitality Corp. director Paul Hohnsbeen filed an initial Form 3 reporting his ownership in the company. The filing states that no securities are beneficially owned, with 0 shares of common stock reported as owned as of May 5, 2026.
Target Hospitality Corp. appointed Paul Hohnsbeen, age 70, to its Board of Directors effective May 5, 2026, with his term running until the company’s 2027 Annual Meeting of Stockholders. He will serve as an independent director and join the Nominating and Corporate Governance Committee.
Hohnsbeen is a senior digital infrastructure and real estate executive with more than three decades of experience, including leadership roles at Aligned Data Centers, Equinix and several global financial institutions. He will receive the same compensation as other non-employee directors and enter into the company’s standard director and officer indemnification agreement.
TDR Capital–affiliated investors and related entities report large ownership and planned sales of Target Hospitality Corp. common stock. They collectively beneficially own 56,576,003 shares, representing 56.8% of the company’s common stock.
The group, including Sapphire Holding, Arrow Holdings and MFA entities, states an intention to sell or dispose of some or substantially all of their holdings over time through marketed offerings, open‑market and private transactions, or distributions. As part of this strategy, Arrow Holdings and MFA Global agreed to sell 8,050,000 shares in an underwritten secondary offering at $13.265 per share, which closed on April 23, 2026.
Target Hospitality Corp. disclosed that entities affiliated with TDR Capital participated in a secondary share sale. On April 23, 2026, MFA Global S.a r.l. (in liquidation) and Arrow Holdings S.a r.l. sold an aggregate 8,050,000 shares of common stock in an underwritten public offering at $13.265 per share.
After the transaction, the reporting group shows 56,576,003 shares of common stock held indirectly. Various TDR-related entities and individuals are described as potential beneficial owners through layered holding structures, while each TDR person formally disclaims beneficial ownership beyond any pecuniary interest.
Target Hospitality Corp. registered 7,000,000 shares of Common Stock for resale by affiliates of investment funds managed by TDR Capital LLP, with an underwriters’ option to purchase up to 1,050,000 additional shares. The offering is a resale by the selling stockholders; the Company will receive no proceeds.
The public offering price is $14.00 per share, implying proceeds to the selling stockholders of $92,855,000 before exercise of the option. Shares outstanding were 99,560,575 as of April 20, 2026, and the Company’s Nasdaq symbol is TH.
Target Hospitality Corp. disclosed that existing shareholders Arrow Holdings S.à r.l. and MFA Global S.à r.l. entered into an underwriting agreement to sell 7,000,000 shares of common stock in a registered secondary offering at $14.00 per share. The selling stockholders also granted underwriters a 30-day option to purchase up to 1,050,000 additional shares. Total gross proceeds to the selling stockholders are approximately $98,000,000, and the company will not receive any proceeds from this transaction.
Target Hospitality Corp. registered 7,000,000 shares of common stock for resale by affiliates of investment funds managed by TDR Capital; the underwriters have a 30-day option to purchase up to 1,050,000 additional shares. The company will receive no proceeds from these sales.
The prospectus supplement states 99,560,575 shares outstanding as of April 20, 2026 and that 8,487,178 shares are reserved for issuance upon exercise of outstanding options. The filing includes preliminary unaudited Q1 2026 ranges: total revenue $70,500–$72,500 thousand and Adjusted EBITDA $8,000–$9,000 thousand.
Target Hospitality Corp. furnished preliminary unaudited estimates for the three months ended March 31, 2026, in connection with a secondary public offering by certain stockholders. The company expects total revenue of $70.5–$72.5 million, compared with $69.9 million in the same period of 2025.
Despite slightly higher revenue, profitability appears weaker. Estimated net loss is $14.7–$14.1 million versus a $6.5 million net loss a year earlier. Estimated EBITDA is $3.3–$4.3 million versus $16.6 million, and estimated Adjusted EBITDA is $8–$9 million versus $21.6 million. Management stresses these figures are preliminary and unaudited and may change after closing procedures are completed.
Target Hospitality Corp. is asking stockholders to vote at its virtual 2026 annual meeting on four proposals, including electing six directors, ratifying Ernst & Young LLP as auditor, an advisory say-on-pay vote, and a third amendment to the 2019 incentive award plan.
The proxy highlights 2025 results: $320.6 million total revenue, $53.2 million Adjusted EBITDA, $66 million Discretionary Cash Flow, approximately $740 million in new multi-year awards since February 2025, and $0 net debt as of December 31, 2025. It also outlines strong board independence, committee structures, stock ownership guidelines, and detailed director and executive roles and compensation philosophy.