Other Events. On August 19, 2026, the Company entered into a new multi-year lease and services agreement (the “Contract”) to provide comprehensive facility and hospitality services to assist the development of a data center in the Pecos region of West Texas (the “Community”). The Community will be designed to accommodate approximately 1,100 individuals, with initial occupancy in August 2026 and full completion of the Community anticipated in September 2026. The Contract has an anticipated fou…

Results of Operations and Financial Condition. ​ On August 10, 2026, Target Hospitality Corp. (the “ Company ”) issued a press release announcing its second quarter 2026 financial results. A copy of the Company’s August 10, 2026, press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference. The Company’s management will hold an investor audio conference call and webcast today, August 10, 2026, at 8:00 a.m. CT/9:00 a.m. ET, to discuss its second quarter 2026 resu…

Director — Margaret (Peggy) Smyth and Erich Sanchack: The Board of Directors appointed Margaret (Peggy) Smyth and Erich Sanchack as new members of the Board.

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth under

Entry into a Material Definitive Agreement. On July 24, 2026 (the “ Closing Date ”), in connection with the refinancing of its existing credit facility, Arrow Bidco, LLC (“ Arrow Bidco ”) and certain other subsidiaries of Target Hospitality Corp. (the “ Company ”) entered into an ABL Credit Agreement, dated as of July 24, 2026 (the “ ABL Credit Agreement ”), that provides for a senior secured asset based revolving credit facility in the aggregate principal amount of up to $660 million (the “…

Other Events. Underwriting Agreement On May 28, 2026, Target Hospitality Corp. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Morgan Stanley & Co. LLC and Deutsche Bank Securities Inc., as representatives of the several underwriters named therein (collectively, the “Underwriters”) and Arrow Holdings S.à r.l. and MFA Global S.à r.l. (collectively, the “Selling Stockholders”), entities controlled by TDR Capital LLP, acting in its capacity as investmen…

Results of Operations and Financial Condition. ​ On May 11, 2026, Target Hospitality Corp. (the “ Company ”) issued a press release announcing its first quarter 2026 financial results. A copy of the Company’s May 11, 2026, press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference. The Company’s accompanying investor presentation will be posted on the “Investors” section of the Company’s website (www.targethospitality.com). The Company’s management will hold a…

Director — Paul Hohnsbeen: Paul Hohnsbeen was appointed as a member of the Board and will serve on the Nominating and Corporate Governance Committee.

Other Events. Underwriting Agreement On April 21, 2026, Target Hospitality Corp. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Morgan Stanley & Co. LLC and Deutsche Bank Securities Inc., as representatives of the several underwriters named therein (collectively, the “Underwriters”) and Arrow Holdings S.à r.l. and MFA Global S.à r.l. (collectively, the “Selling Stockholders”), entities controlled by TDR Capital LLP, acting in its capacity as investm…

Results of Operations and Financial Condition. Public Offering On April 21, 2026, Target Hospitality Corp. (the “Company”) filed a preliminary prospectus supplement (the “Preliminary Prospectus Supplement”) to its shelf registration statement on Form S-3 (File No. 333-230795) pursuant to Rule 424(b)(7) under the Securities Act of 1933, as amended (the “Securities Act”), relating to an underwritten public offering of the Company’s common stock by certain of its stockholders. The Preliminary Pr…

The filing describes an amendment to the performance stock unit agreement, extending the performance period for certain metrics.

Results of Operations and Financial Condition. ​ On March 11, 2026, Target Hospitality Corp. (the “ Company ”) issued a press release announcing its fourth quarter and year-end 2025 financial results. A copy of the Company’s March 11, 2026, press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference. The Company’s accompanying investor presentation will be posted on the “Investors” section of the Company’s website (www.targethospitality.com). The Company’s mana…

The filing describes changes to equity award agreements and the grant of PSUs to certain executive officers.

Amendment to the Executive Performance Stock Unit Agreement to account for a take-private proposal's impact.

Chief Accounting Officer — Cyril J. Hahamski: Cyril J. Hahamski was appointed as Chief Accounting Officer, and Jason P. Vlacich continues to serve as the Chief Financial Officer.

Entry into a Material Definitive Agreement. On December 23, 2025, Arrow Bidco, LLC (“ Arrow Bidco ”) and certain other subsidiaries of Target Hospitality Corp. (the “ Company ”) entered into a sixth amendment (the “ Sixth Amendment ”), to the ABL Credit Agreement, dated as of March 15, 2019, (as amended, amended and restated, supplemented or otherwise modified from time to time prior to the date of the Sixth Amendment, the “ ABL Credit Agreement ”), by and among Arrow Bidco, the borrowers and…

Results of Operations and Financial Condition. ​ On November 6, 2025, Target Hospitality Corp. (the “ Company ”) issued a press release announcing its third quarter 2025 financial results. A copy of the Company’s November 6, 2025 press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference. The Company’s management will hold an investor audio conference call and webcast today, November 6, 2025, at 8:00 a.m. CT/9:00 a.m. ET, to discuss its third quarter 2025 resu…

Results of Operations and Financial Condition. ​ On August 7, 2025, Target Hospitality Corp. (the “ Company ”) issued a press release announcing its second quarter 2025 financial results. A copy of the Company’s August 7, 2025 press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference. The Company’s management will hold an investor audio conference call and webcast today, August 7, 2025, at 8:00 a.m. CT/9:00 a.m. ET, to discuss its second quarter 2025 results…

Results of Operations and Financial Condition. ​ On May 19, 2025, Target Hospitality Corp. (the “ Company ”) issued a press release announcing its first quarter 2025 financial results. A copy of the Company’s May 19, 2025 press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference. The Company’s management will hold an investor audio conference call and webcast today, May 19, 2025, at 8:00 a.m. CT/9:00 a.m. ET, to discuss its first quarter 2025 results and rela…

Results of Operations and Financial Condition. ​ On March 26, 2025, Target Hospitality Corp. (the “ Company ”) issued a press release announcing its fourth quarter and year end 2024 financial results. A copy of the Company’s March 26, 2025 press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference. The Company’s management will hold an investor audio conference call and webcast today, March 26, 2025, at 8:00 a.m. CT/9:00 a.m. ET, to discuss its fourth quarter…

Termination of a Material Definitive Agreement. Effective as of March 25, 2025 (the “ Redemption Date ”), Arrow Bidco, LLC (the “ Issuer ”), a wholly-owned indirect subsidiary of Target Hospitality Corp., redeemed all $181,446,000 in aggregate principal amount outstanding of its 10.75% Senior Secured Notes due 2025 (the “ Redemption ”) at a redemption price equal to 101.000% of the principal amount thereof plus accrued and unpaid interest to but not including the Redemption Date, and the inde…

The filing describes changes to equity award agreements and the approval of new performance stock unit (PSU) grants, which are routine compensation matters.

Entry into a Material Definitive Agreement. On February 24, 2025 and February 27, 2025, Arrow Bidco, LLC (“ Arrow Bidco ”) and certain other subsidiaries of Target Hospitality Corp. (the “ Company ”) entered into a fourth amendment (the “ Fourth Amendment ”) and a fifth amendment (the “ Fifth Amendment ”), respectively, to the ABL Credit Agreement, dated as of March 15, 2019, (as amended, amended and restated, supplemented or otherwise modified from time to time prior to the date of the Fourt…

Results of Operations and Financial Condition. ​ On November 12, 2024, Target Hospitality Corp. (the “ Company ”) issued a press release announcing its third quarter 2024 financial results. A copy of the Company’s November 12, 2024 press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference. The Company’s management will hold an investor audio conference call and webcast today, November 12, 2024, at 8:00 a.m. CT/9:00 a.m. ET, to discuss its third quarter 2024 r…

Results of Operations and Financial Condition. ​ On August 7, 2024, Target Hospitality Corp. (the “ Company ”) issued a press release announcing its second quarter 2024 financial results. A copy of the Company’s August 7, 2024 press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference. The Company’s management will hold an investor audio conference call and webcast today, August 7, 2024, at 8:00 a.m. CT/9:00 a.m. ET, to discuss its second quarter 2024 results…