Target Hospitality Commences 13M Common Stock Offering; Co. Plans To Repurchase $30M Shares From Underwriters
Target Hospitality Corp. ("Target Hospitality" or the "Company") (NASDAQ:TH), one of North America's largest providers of vertically integrated modular accommodations and value-added hospitality
Target Hospitality is selling new shares to raise money and then buying some back from the banks helping with the sale. This means the company wants cash but also thinks its stock price is fair enough to buy some back.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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