Target Hospitality announces launch of secondary offering
The secondary offering of 7,000,000 shares is being sold by selling stockholders, not the company.
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Largest U.S. provider of accommodations, culinary and hospitality services
targethospitality.comLast updated
In short: Target Hospitality expanded into AI infrastructure and data center services following significant contract wins and ownership shifts.
The secondary offering of 7,000,000 shares is being sold by selling stockholders, not the company.
The offering of 8.05 million shares at $14 each was fully subscribed, including the underwriters' option, with no proceeds to Target.
The offering of 7,000,000 shares will not provide proceeds to the company.
The contract is for constructing and servicing a data center campus in North Texas, with construction starting immediately and first occupancy in Q3 2026.
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TDR Capital–led holders report 45.98M Target Hospitality shares, or 46.2% of common stock, and detail a 1.34M-share in-kind distribution to limited partners in an amended...
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