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Target Hospitality Corp.TH

Class A THCIK 0001712189

Cash in trust

$330M

$330,379,238

Trust per share

—

Redemption value

IPO

Jan 2018

—

Combination deadline

—

Not disclosed

Filings on record

744

Latest Oct 23, 2026

Business combination

Target
Not disclosed in an indexed filing
Announced
Nov 13, 2018
Closed
Mar 21, 2019

Overview

Target Hospitality Corp. is a special purpose acquisition company incorporated in Delaware and registered with the SEC under CIK 0001712189. It completed its initial public offering in Jan 2018 and listing on Nasdaq. Class A shares trade under the ticker TH on Nasdaq. The vehicle is sponsored by Platinum Eagle through Platinum Eagle Acquisition LLC. The mandate targets generalist. Business combination closed; the company trades under a new ticker.

“we intend to acquire.”
The mandate, as stated in the IPO prospectus

Reading the filings

Arithmetic on what Target Hospitality Corp. has disclosed, written the way a desk would read it. These are observations, not a rating. Nothing here scores the vehicle or implies a view on it.

  • Warrant coverage

    Each unit carried one-third warrant per unit. Warrants are dilution deferred: they cost the holder nothing until exercised, and they overhang the post-combination share count. Thinner coverage is generally a sign of a stronger book at pricing.

  • Underwriting

    BofA Securities led the offering. It has been named on 69 SPAC IPOs, book-running 52 of them, and 52.3% of its resolved vehicles closed a deal. The syndicate has no control over whether a sponsor finds a target, but the quality of the book at pricing shapes who ends up holding the units.

How busy it has been

Filings per month since the first one. A vehicle that has gone quiet with a deadline ahead is a different proposition from one that is still working.

301502017-072026-10

744 filings in all. 26 in the last three months, against a busiest month of 30.

News on Target Hospitality Corp.

Last 90 days

SEC filing history

Free tier: filings older than 24 hours
  • 4

    Statement of changes in beneficial ownership

    Accession 0001104659-26-118462

    Oct 23, 2026

    2d ago

    View on EDGAR ↗
  • 4

    Statement of changes in beneficial ownership

    Accession 0000950142-26-002685

    Oct 5, 2026

    20d ago

    View on EDGAR ↗
  • SCHEDULE 13D/A

    SCHEDULE 13D/A filing

    Accession 0000950142-26-002684

    Oct 5, 2026

    20d ago

    View on EDGAR ↗
  • 144

    144 filing

    Accession 0000950142-26-002665

    Oct 1, 2026

    24d ago

    View on EDGAR ↗
  • 144

    144 filing

    Accession 0000950142-26-002664

    Oct 1, 2026

    24d ago

    View on EDGAR ↗
  • 4

    Statement of changes in beneficial ownership

    Accession 0001104659-26-111947

    Sep 29, 2026

    26d ago

    View on EDGAR ↗
  • 4/A

    OWNERSHIP DOCUMENT

    Accession 0001104659-26-111946

    Sep 29, 2026

    26d ago

    View on EDGAR ↗
  • 4/A

    OWNERSHIP DOCUMENT

    Accession 0001104659-26-111944

    Sep 29, 2026

    26d ago

    View on EDGAR ↗
  • 4

    Statement of changes in beneficial ownership

    Accession 0000950142-26-002614

    Sep 28, 2026

    27d ago

    View on EDGAR ↗
  • SCHEDULE 13D/A

    SCHEDULE 13D/A filing

    Accession 0000950142-26-002613

    Sep 28, 2026

    27d ago

    View on EDGAR ↗
  • 4

    Statement of changes in beneficial ownership

    Accession 0001712189-26-000061

    Sep 18, 2026

    1mo ago

    View on EDGAR ↗
  • 4

    Statement of changes in beneficial ownership

    Accession 0001712189-26-000059

    Sep 16, 2026

    1mo ago

    View on EDGAR ↗
  • 4

    Statement of changes in beneficial ownership

    Accession 0000950142-26-002545

    Sep 14, 2026

    1mo ago

    View on EDGAR ↗
  • SCHEDULE 13D/A

    SCHEDULE 13D/A filing

    Accession 0000950142-26-002544

    Sep 14, 2026

    1mo ago

    View on EDGAR ↗
  • 8-K

    Other events

    Items 8.01, 9.01 · Accession 0001104659-26-106345

    Sep 9, 2026

    1mo ago

    View on EDGAR ↗
  • 424B7

    424B7

    Accession 0001104659-26-106339

    Sep 9, 2026

    1mo ago

    View on EDGAR ↗
  • 424B7

    424B7

    Accession 0001104659-26-105963

    Sep 8, 2026

    1mo ago

    View on EDGAR ↗
  • 8-K

    Regulation FD disclosure

    Item 7.01 · Accession 0001104659-26-104096

    Sep 1, 2026

    1mo ago

    View on EDGAR ↗
  • 8-K

    Regulation FD disclosure; Other events

    Items 7.01, 8.01, 9.01 · Accession 0001104659-26-101033

    Aug 26, 2026

    2mo ago

    View on EDGAR ↗
  • 10-Q

    Quarterly report

    Accession 0001104659-26-093264

    Aug 10, 2026

    2mo ago

    View on EDGAR ↗
  • 8-K

    Current report

    Items 2.02, 9.01 · Accession 0001104659-26-093011

    Aug 10, 2026

    2mo ago

    View on EDGAR ↗
  • 4

    Statement of changes in beneficial ownership

    Accession 0001712189-26-000057

    Aug 6, 2026

    2mo ago

    View on EDGAR ↗
  • 4

    Statement of changes in beneficial ownership

    Accession 0001712189-26-000056

    Aug 6, 2026

    2mo ago

    View on EDGAR ↗
  • 3

    Initial statement of beneficial ownership

    Accession 0001712189-26-000055

    Aug 6, 2026

    2mo ago

    View on EDGAR ↗
  • 3

    Initial statement of beneficial ownership

    Accession 0001712189-26-000054

    Aug 6, 2026

    2mo ago

    View on EDGAR ↗
  • 8-K

    Current report

    Items 5.02, 9.01 · Accession 0001104659-26-090700

    Aug 5, 2026

    2mo ago

    View on EDGAR ↗
  • 8-K

    Entry into a material definitive agreement; Other events

    Items 1.01, 2.03, 8.01, 9.01 · Accession 0001104659-26-087099

    Jul 27, 2026

    3mo ago

    View on EDGAR ↗
  • SCHEDULE 13G/A

    Amended beneficial ownership report (passive)

    Accession 0001214659-26-008233

    Jul 6, 2026

    3mo ago

    View on EDGAR ↗
  • 4

    Statement of changes in beneficial ownership

    Accession 0000950142-26-001842

    Jun 22, 2026

    4mo ago

    View on EDGAR ↗
  • SCHEDULE 13D/A

    SCHEDULE 13D/A filing

    Accession 0000950142-26-001841

    Jun 22, 2026

    4mo ago

    View on EDGAR ↗

Pro

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Target Hospitality Corp.: questions answered

What is Target Hospitality Corp. (TH)?

Target Hospitality Corp. is a special purpose acquisition company incorporated in Delaware and registered with the SEC under CIK 0001712189. It completed its initial public offering in Jan 2018 and listing on Nasdaq. Class A shares trade under the ticker TH on Nasdaq. The vehicle is sponsored by Platinum Eagle through Platinum Eagle Acquisition LLC. The mandate targets generalist. Business combination closed; the company trades under a new ticker.

How much does Target Hospitality Corp. hold in trust?

Approximately $330,379,238, as at the most recent filing on record. Trust balances move: shareholders redeem at extension votes and at the combination vote, and sponsors pay contributions in to extend. Treat the figure as a point-in-time disclosure, not a running balance.

When must Target Hospitality Corp. complete a merger?

No combination deadline appears in the filings we have indexed. The date is stated in the charter and repeated in each quarterly report; where our parser could not establish it with confidence we leave it blank rather than infer one.

What happens if Target Hospitality Corp. does not find a target in time?

The charter requires the vehicle to redeem 100% of the public shares and return the trust, pro rata, to public shareholders. That is the mechanism working as designed rather than a default. Founder shares and warrants are worthless in that outcome, which is why the sponsor's incentive is to get a deal done or to buy more time. Across the market, deadline lapsed without a deal; trust returned to public shareholders.

Can I redeem shares in Target Hospitality Corp., and at what price?

Public shareholders may elect to redeem in connection with a combination vote and at each extension vote, at the pro-rata trust value on the relevant record date. Redemption is a right attached to the public shares only; warrants and rights carry no claim on the trust. The mechanics and the deadline for electing are set out in the proxy statement for the vote in question.

What tickers does Target Hospitality Corp. trade under?

Class A shares trade as TH on Nasdaq. Units trade first and separate into their component securities roughly 52 days after the IPO; only the Class A shares carry the redemption right against the trust.

Is the trust value the same as the share price for Target Hospitality Corp.?

No. Trust per share is a disclosed, contractual figure: what a redeeming holder receives. The market price is whatever the shares change hands at, which can sit above the trust when a deal is well received or below it when the market doubts one will close. We do not have a current quote for this vehicle, so no spread is shown.

How much dilution do Target Hospitality Corp.'s founder shares and warrants create?

Each unit also carried one-third warrant per unit, which is dilution deferred until exercise. Both are disclosed in the prospectus and both survive into the combined company, which is why a de-SPAC at $10 is not economically the same as an IPO at $10.

Who sponsors Target Hospitality Corp., and what is their track record?

Platinum Eagle Acquisition LLC is the sponsor entity, part of the Platinum Eagle franchise. This is the only vehicle we have attributed to that sponsor.

Which banks underwrote the Target Hospitality Corp. IPO?

BofA Securities, Deutsche Bank, I-Bankers Securities. Syndicate membership and role are read from the prospectus cover and the underwriting section.

Is Target Hospitality Corp. tradeable, and where?

Yes. TH returned a live quote of $13.79 on Nasdaq. Quotes here are delayed and refreshed on a schedule rather than streamed, so treat the figure as indicative and confirm on your own venue. Units and warrants trade under their own symbols and are quoted separately.

Is Target Hospitality Corp. a good investment?

That is not a question this site answers. Target Hospitality Corp. is covered here as reference data: what the company filed, when it filed it, and what the numbers in those filings say. The Edge, FOMO and Potential scores on this page are derived measures with a published formula, not ratings of investment merit: they describe the setup, and every component is shown so you can take them apart. We publish no price targets and no recommendations, and nothing here should be read as advice. The figures are a starting point for your own work, and each one carries the accession number of the filing it came from.

Where does this Target Hospitality Corp. data come from?

Filings Target Hospitality Corp. submitted to the SEC under CIK 0001712189: the registration statement and final prospectus for the structure, quarterly and annual reports for the trust, current reports and proxy statements for deals, votes and extensions. Trust economics are taken from the registrant's own XBRL tags rather than parsed from prose, which is why they are exact. Every filing in the history above is listed with its accession number, which identifies the document uniquely on EDGAR; Pro accounts open it directly from the row.

Compiled by the SPACListing research desk

Last reconciled Oct 25, 2026

Every figure on this page is read from documents the registrants filed with the U.S. Securities and Exchange Commission, principally the IPO prospectus (Form 424B4), quarterly and annual reports, current reports and proxy statements, the registrant's own XBRL tags for trust economics. Nothing is sourced from press coverage, from the companies themselves, or from a third-party aggregator. Where a filing does not disclose something, the field is left blank rather than estimated.

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The context around this vehicle: who else the sponsor has launched, which banks priced it, and where it sits in the wider market.