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Target Hospitality Corp. – ‘10-K’ for 12/31/23 – ‘EX-32.2’

On:  Wednesday, 3/13/24, at 2:55pm ET   ·   For:  12/31/23   ·   Accession #:  1558370-24-3101   ·   File #:  1-38343

Previous ‘10-K’:  ‘10-K’ on 3/10/23 for 12/31/22   ·   Latest ‘10-K’:  This Filing   ·   30 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/13/24  Target Hospitality Corp.          10-K       12/31/23  125:16M                                    Toppan Merrill Bridge/FA

Annual Report   —   Form 10-K   —   SEA’34

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   3.53M 
 2: EX-19       Report Furnished to Security Holders                HTML    110K 
 3: EX-23.1     Consent of Expert or Counsel                        HTML     35K 
 8: EX-97       Clawback Policy re: Recovery of Erroneously         HTML     58K 
                Awarded Compensation                                             
 4: EX-31.1     Certification -- §302 - SOA'02                      HTML     41K 
 5: EX-31.2     Certification -- §302 - SOA'02                      HTML     41K 
 6: EX-32.1     Certification -- §906 - SOA'02                      HTML     37K 
 7: EX-32.2     Certification -- §906 - SOA'02                      HTML     37K 
14: R1          Document and Entity Information                     HTML    109K 
15: R2          Consolidated Balance Sheets                         HTML    161K 
16: R3          Consolidated Balance Sheets (Parenthetical)         HTML     48K 
17: R4          Consolidated Statements of Comprehensive Income     HTML    143K 
                (Loss)                                                           
18: R5          Consolidated Statements of Changes in               HTML    103K 
                Stockholders' Equity                                             
19: R6          Consolidated Statements of Cash Flows               HTML    165K 
20: R7          Organization and Nature of Operations, Basis of     HTML    125K 
                Presentation, and Summary of Significant                         
                Accounting Policies                                              
21: R8          Revenue                                             HTML    118K 
22: R9          Specialty Rental Assets, Net                        HTML     51K 
23: R10         Other Property, Plant and Equipment, Net            HTML     57K 
24: R11         Goodwill and Other Intangible Assets, net           HTML    111K 
25: R12         Other Non-Current Assets                            HTML     47K 
26: R13         Accrued Liabilities                                 HTML     48K 
27: R14         Debt                                                HTML    139K 
28: R15         Warrant Liabilities                                 HTML     48K 
29: R16         Income Taxes                                        HTML    152K 
30: R17         Fair Value of Financial Instruments                 HTML     86K 
31: R18         Commitments and Contingencies                       HTML     38K 
32: R19         Leases                                              HTML    118K 
33: R20         Rental Income                                       HTML     44K 
34: R21         Related Parties                                     HTML     43K 
35: R22         Earnings (Loss) per Share                           HTML     89K 
36: R23         Stockholders' Equity                                HTML     50K 
37: R24         Stock-Based Compensation                            HTML    143K 
38: R25         Retirement Plans                                    HTML     40K 
39: R26         Business Segments                                   HTML    163K 
40: R27         Subsequent Events                                   HTML     38K 
41: R28         Organization and Nature of Operations, Basis of     HTML    189K 
                Presentation, and Summary of Significant                         
                Accounting Policies (Policies)                                   
42: R29         Organization and Nature of Operations, Basis of     HTML     75K 
                Presentation, and Summary of Significant                         
                Accounting Policies (Tables)                                     
43: R30         Revenue (Tables)                                    HTML    109K 
44: R31         Specialty Rental Assets, Net (Tables)               HTML     47K 
45: R32         Other Property, Plant and Equipment, Net (Tables)   HTML     52K 
46: R33         Goodwill and Other Intangible Assets, net (Tables)  HTML    115K 
47: R34         Other Non-Current Assets (Tables)                   HTML     46K 
48: R35         Accrued Liabilities (Tables)                        HTML     48K 
49: R36         Debt (Tables)                                       HTML    111K 
50: R37         Warrant Liabilities (Tables)                        HTML     44K 
51: R38         Income Taxes (Tables)                               HTML    151K 
52: R39         Fair Value of Financial Instruments (Tables)        HTML     87K 
53: R40         Leases (Tables)                                     HTML    140K 
54: R41         Rental Income (Tables)                              HTML     41K 
55: R42         Earnings (Loss) per Share (Tables)                  HTML     84K 
56: R43         Stock-Based Compensation (Tables)                   HTML    111K 
57: R44         Business Segments (Tables)                          HTML    160K 
58: R45         Organization and Nature of Operations, Basis of     HTML     36K 
                Presentation, and Summary of Significant                         
                Accounting Policies (Details)                                    
59: R46         Organization and Nature of Operations, Basis of     HTML     47K 
                Presentation, and Summary of Significant                         
                Accounting Policies - Receivables and Allowances                 
                for Doubtful Accounts (Details)                                  
60: R47         Organization and Nature of Operations, Basis of     HTML     44K 
                Presentation, and Summary of Significant                         
                Accounting Policies - Prepaid Expenses and Other                 
                Assets (Details)                                                 
61: R48         Organization and Nature of Operations, Basis of     HTML     63K 
                Presentation, and Summary of Significant                         
                Accounting Policies - Concentrations of Credit                   
                Risk (Details)                                                   
62: R49         Organization and Nature of Operations, Basis of     HTML     39K 
                Presentation, and Summary of Significant                         
                Accounting Policies - Specialty Rental Assets                    
                (Details)                                                        
63: R50         Organization and Nature of Operations, Basis of     HTML     48K 
                Presentation, and Summary of Significant                         
                Accounting Policies - Other Property, Plant, and                 
                Equipment (Details)                                              
64: R51         Organization and Nature of Operations, Basis of     HTML     41K 
                Presentation, and Summary of Significant                         
                Accounting Policies - Intangible Assets Other Than               
                Goodwill (Details)                                               
65: R52         Organization and Nature of Operations, Basis of     HTML     36K 
                Presentation, and Summary of Significant                         
                Accounting Policies - Assets Held for Sale                       
                (Details)                                                        
66: R53         Organization and Nature of Operations, Basis of     HTML     38K 
                Presentation, and Summary of Significant                         
                Accounting Policies - Finance and Operating Leases               
                (Details)                                                        
67: R54         Organization and Nature of Operations, Basis of     HTML     43K 
                Presentation, and Summary of Significant                         
                Accounting Policies - Asset Retirement Obligations               
                (Details)                                                        
68: R55         Organization and Nature of Operations, Basis of     HTML     73K 
                Presentation, and Summary of Significant                         
                Accounting Policies - Impact of the Adoption of                  
                ASC 326 (Details)                                                
69: R56         Revenue (Details)                                   HTML     86K 
70: R57         Revenue - Disaggregation Revenue (Details)          HTML     59K 
71: R58         Revenue - Contract Assets and Liabilities           HTML     41K 
                (Details)                                                        
72: R59         Revenue - Revenue Expected to be Recognized         HTML     46K 
                (Details)                                                        
73: R60         Specialty Rental Assets, Net (Details)              HTML     67K 
74: R61         Other Property, Plant and Equipment, Net (Details)  HTML     70K 
75: R62         Goodwill and Other Intangible Assets, net -         HTML     38K 
                Goodwill (Details)                                               
76: R63         Goodwill and Other Intangible Assets, net -         HTML     75K 
                Intangible Assets (Details)                                      
77: R64         Goodwill and Other Intangible Assets, net - Future  HTML     50K 
                Amortization Expense (Details)                                   
78: R65         Other Non-Current Assets - Narrative (Details)      HTML     42K 
79: R66         Other Non-Current Assets - Other non-current        HTML     39K 
                assets (Details)                                                 
80: R67         Accrued Liabilities (Details)                       HTML     42K 
81: R68         Debt - Senior Secured Notes 2024 (Details)          HTML     62K 
82: R69         Debt - Notes Exchange Offer (Details)               HTML     74K 
83: R70         Debt - Senior Secured Notes 2025 (Details)          HTML     94K 
84: R71         Debt - Finance Lease and Other Financing            HTML     43K 
                Obligations (Details)                                            
85: R72         Debt - ABL Facility (Details)                       HTML     79K 
86: R73         Debt - Carrying Value of Debt Outstanding           HTML     65K 
                (Details)                                                        
87: R74         Debt - Components of interest expense (Details)     HTML     62K 
88: R75         Debt - Interest Expense and Deferred Financing      HTML     75K 
                Costs (Details)                                                  
89: R76         Debt - Schedule of maturities of long term debt     HTML     42K 
                and finance lease obligations (Details)                          
90: R77         Warrant Liabilities - Narrative (Details)           HTML     54K 
91: R78         Warrant Liabilities - Estimated fair value Private  HTML     36K 
                Warrants (Details)                                               
92: R79         Income Taxes (Details)                              HTML     50K 
93: R80         Income Taxes - Components of the provision for      HTML     48K 
                income taxes (Details)                                           
94: R81         Income Taxes - Income tax results differed from     HTML     55K 
                the amount computed by applying the U.S. statutory               
                income tax rate to income before income taxes                    
                (Details)                                                        
95: R82         Income Taxes - Components of the Companies          HTML     70K 
                deferred tax assets and liabilities (Details)                    
96: R83         Income Taxes - Valuation allowance has been         HTML     44K 
                established against the deferred tax assets                      
                (Details)                                                        
97: R84         Fair Value of Financial Instruments (Details)       HTML     76K 
98: R85         Leases (Details)                                    HTML     69K 
99: R86         Leases - Components of lease expense (Details)      HTML     54K 
100: R87         Leases - Supplemental cash flow information         HTML     45K  
                related to leases (Details)                                      
101: R88         Leases - Future maturities of finance and           HTML     63K  
                operating lease obligations (Details)                            
102: R89         Leases - Additional information (Details)           HTML     40K  
103: R90         Rental Income (Details)                             HTML     51K  
104: R91         Rental Income - Future minimum lease payments       HTML     42K  
                (Details)                                                        
105: R92         Related Parties (Details)                           HTML     57K  
106: R93         Earnings (Loss) per Share (Details)                 HTML    104K  
107: R94         Stockholders' Equity (Details)                      HTML    147K  
108: R95         Stock-Based Compensation (Details)                  HTML    361K  
109: R96         Stock-Based Compensation - Changes in stock         HTML     83K  
                options (Details)                                                
110: R97         Stock-Based Compensation - Assumptions (Details)    HTML     68K  
111: R98         Stock-Based Compensation - Stock-based              HTML     66K  
                Compensation Expense (Details)                                   
112: R99         Retirement Plans (Details)                          HTML     50K  
113: R100        Business Segments (Details)                         HTML     89K  
114: R101        Business Segments - Reconciliation of total         HTML     57K  
                segment adjusted gross profit to total combined                  
                income (Details)                                                 
115: R102        Business Segments - Reconciliation of total         HTML     57K  
                segment assets to total combined assets (Details)                
116: R103        Business Segments - Unallocated assets (Details)    HTML     61K  
117: R104        Business Segments - Customer Concentration          HTML     59K  
                (Details)                                                        
118: R105        Subsequent Events (Details)                         HTML     48K  
119: R106        Pay vs Performance Disclosure                       HTML     46K  
120: R107        Insider Trading Arrangements                        HTML     40K  
122: XML         IDEA XML File -- Filing Summary                      XML    238K  
125: XML         XBRL Instance -- th-20231231x10k_htm                 XML   3.78M  
121: EXCEL       IDEA Workbook of Financial Report Info              XLSX    275K  
10: EX-101.CAL  XBRL Calculations -- th-20231231_cal                 XML    278K 
11: EX-101.DEF  XBRL Definitions -- th-20231231_def                  XML   1.27M 
12: EX-101.LAB  XBRL Labels -- th-20231231_lab                       XML   1.94M 
13: EX-101.PRE  XBRL Presentations -- th-20231231_pre                XML   1.74M 
 9: EX-101.SCH  XBRL Schema -- th-20231231                           XSD    285K 
123: JSON        XBRL Instance as JSON Data -- MetaLinks              750±  1.15M  
124: ZIP         XBRL Zipped Folder -- 0001558370-24-003101-xbrl      Zip   1.31M  


‘EX-32.2’   —   Certification — §906 – SOA’02


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EXHIBIT 32.2

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350

(ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002)

In connection with the periodic report of Target Hospitality Corp. (the “Company”) on Form 10-K for the year ended December 31, 2023 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Jason P. Vlacich, Chief Financial Officer and Chief Accounting Officer of the Company, hereby certify as of the date hereof, solely for the purposes of Title 18, Chapter 63, Section 1350 of the United States Code, that to the best of my knowledge:

(1)the Report fully complies with the requirements of Section 13(a) or 15(d), as applicable, of the Securities Exchange Act of 1934, and
(2)the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company at the dates and for the periods indicated.

Date: March 13, 2024

By:

/s/ Jason P. Vlacich

Jason P. Vlacich

Chief Financial Officer and Chief Accounting Officer



Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:3/13/248-K
For Period end:12/31/23
 List all Filings 


30 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

11/03/23  Target Hospitality Corp.          8-K:1,2,5,810/31/23   15:1.7M                                   Toppan Merrill/FA
10/13/23  Target Hospitality Corp.          8-K:1,8,9  10/12/23   13:1.7M                                   Toppan Merrill/FA
 8/11/23  Target Hospitality Corp.          8-K:1,9     8/10/23   12:257K
 3/10/23  Target Hospitality Corp.          10-K       12/31/22  122:16M                                    Toppan Merrill Bridge/FA
 2/02/23  Target Hospitality Corp.          8-K:1,9     2/01/23   12:1.7M                                   Toppan Merrill/FA
 7/12/22  Target Hospitality Corp.          8-K:5,9     7/12/22   12:269K
 5/25/22  Target Hospitality Corp.          8-K:5,9     5/24/22   12:265K
 5/23/22  Target Hospitality Corp.          8-K:5,8,9   5/19/22   13:282K
 3/11/22  Target Hospitality Corp.          10-K       12/31/21  135:15M                                    Toppan Merrill Bridge/FA
 2/28/22  Target Hospitality Corp.          8-K:5,9     2/24/22   15:571K                                   Toppan Merrill/FA
12/10/21  Target Hospitality Corp.          8-K:5,9    12/06/21   14:259K
 5/19/21  Target Hospitality Corp.          8-K:5       5/18/21   12:260K
 5/05/21  Target Hospitality Corp.          8-K:5,9     5/04/21   12:326K
 3/01/21  Target Hospitality Corp.          8-K:5,9     2/25/21   14:302K
10/02/20  Target Hospitality Corp.          8-K:5,8,9  10/01/20   13:250K
 8/10/20  Target Hospitality Corp.          10-Q        6/30/20  105:10M                                    Toppan Merrill Bridge/FA
 8/07/20  Target Hospitality Corp.          8-K:5,9     8/05/20    2:33K
 5/21/20  Target Hospitality Corp.          8-K:5,8,9   5/20/20    2:62K
 4/02/20  Target Hospitality Corp.          8-K:5,8,9   4/01/20   13:355K                                   Toppan Merrill/FA
 3/13/20  Target Hospitality Corp.          10-K       12/31/19  139:17M                                    Toppan Merrill Bridge/FA
 3/06/20  Target Hospitality Corp.          8-K:5,9     3/04/20   13:344K                                   Toppan Merrill/FA
 8/15/19  Target Hospitality Corp.          8-K/A:5,9   3/15/19    2:137K                                   Toppan Merrill/FA
 8/15/19  Target Hospitality Corp.          8-K:5,9     8/12/19    3:202K                                   Toppan Merrill/FA
 6/21/19  Target Hospitality Corp.          8-K:1,7,9   6/19/19    3:648K                                   Toppan Merrill/FA
 5/24/19  Target Hospitality Corp.          8-K:5,9     5/21/19    5:258K                                   Toppan Merrill/FA
 3/21/19  Target Hospitality Corp.          8-K:1,2,3   3/15/19   24:9.7M                                   Toppan Merrill/FA
 3/21/19  Target Hospitality Corp.          8-K:5,8,9   3/15/19   24:9.7M                                   Toppan Merrill/FA
 1/04/19  Target Hospitality Corp.          S-4/A                  8:12M                                    Toppan Merrill/FA
11/13/18  Target Hospitality Corp.          S-4                    4:5.7M                                   Toppan Merrill/FA
 1/18/18  Target Hospitality Corp.          8-K:1,3,5,8 1/11/18   19:1.5M                                   Toppan Merrill/FA
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Filing Submission 0001558370-24-003101   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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