Target Hospitality Stock Lock-Up Covering 61 Days Ends November 8, 2026

Target Hospitality Corp. common stock is subject to a lock-up agreement ending November 8, 2026, covering 61 days from September 8, 2026, according to MarketScreener. The restriction applies to selling stockholders, executive officers and directors.

Target Hospitality's 61-Day Lock-Up Terms

The selling stockholders, executive officers and directors agreed not to sell or transfer any common stock, or securities convertible into, exchangeable for, exercisable for or repayable with common stock, for 60 days after the prospectus date without first obtaining written consent from Morgan Stanley & Co. LLC, Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC. The agreement carries certain limited exceptions.

Target Hospitality provides vertically integrated specialty rental and value-added hospitality services, including catering and food services, maintenance, housekeeping, grounds-keeping, security, health and recreation facilities, community design and construction, workforce community management, concierge services and laundry services. Its segments include HFS-South, Government, WHS and All Other. HFS-South operations consist primarily of specialty rental and hospitality services for customers in the natural resources and development industry, located primarily in Texas and New Mexico. Government segment operations consist primarily of specialty rental and hospitality services for customers with government contracts located in Texas.

Target Hospitality's Contract Backlog and Credit Facility

According to akta.pro company records, Target Hospitality operates 31 sites with more than 16,000 rooms and holds over $2.0 billion in multi-year contracts, including approximately $1.8 billion in its Workforce Hospitality Solutions segment. The records list a $750 million, 48-month AI Infrastructure Community contract for approximately 3,370 beds and a $550 million minimum contract with a top-five hyperscaler for 4,000 rooms in North Texas, a five-year term extendable to 2035. The records also show a $660 million post-IPO debt round in July 2026 led by Deutsche Bank and First National Bank of Omaha.

Target Hospitality's Secondary Offerings Before the Lock-Up

Target Hospitality repurchased about $30 million of shares in its September 8 secondary offering, while the sponsor sold $259 million, according to Insider Trading & Hedge Fund Data. The company carries a 0.6x net leverage ratio and a $1.4 billion backlog of multi-year contracts. In May 2026, Target Hospitality announced a multi-year contract with a top-five hyperscaler for a 1,100-person accommodations community in Pecos, Texas, expected to generate about $250 million through August 2030 with less than $15 million in new capital, AInvest reported.

What Happens After November 8

The lock-up agreement ends on November 8, 2026, the date the restriction lapses for the covered holders.