THE WOODLANDS, Texas, May 6, 2021 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality", "Target" or the "Company") (NASDAQ: TH ), the largest provider of vertically-integrated specialty hospitality accommodations with premium food management and value-added hospitality services in the U.S., today announced that as a result of the SEC's staff's recent guidance change on April 12, 2021 for all Special Purpose Acquisition Companies ("SPACs") regarding the accounting and reporting for their warrants (the "SEC Guidance Change"), it will amend and restate its previously issued Annual Report on Form 10-K for the year ended December 31, 2020. The restatement pertains to the accounting treatment for private placement warrants (the "Private Warrants") that were outstanding at the time of the merger with Platinum Eagle Acquisition Corp. ("Platinum Eagle") on March 15, 2019 ("Business Combination").