10-K Filing

Target Hospitality Corp. CIK: 1712189 FY 2018

Filing Information

Form Type	10-K
Accession Number	`0001144204-19-010762`
Period End Date	20181231
Filing Date	20190228
Fiscal Year	2018
Fiscal Period	FY
XBRL Instance	eagl-20181231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 43 Income Statement 10 Cash Flow Statement 49 Stockholders Equity 18

Balance Sheet 43 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$498.10K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$75.83K	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$573.93K	USD	Point-in-time
Total current assets	`AssetsCurrent`	-	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Deferred offering costs	`DeferredOfferingCosts`	$242.09K	USD	Point-in-time
Deferred offering costs	`DeferredOfferingCosts`	-	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Cash and investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	-	USD	Point-in-time
Cash and investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$330.38M	USD	Point-in-time
Total assets	`Assets`	$330.95M	USD	Point-in-time
Total assets	`Assets`	$242.09K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$225.89K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.06M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.06M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$225.89K	USD	Point-in-time
Deferred underwriting compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	-	USD	Point-in-time
Deferred underwriting compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$11.38M	USD	Point-in-time
Total liabilities	`Liabilities`	$225.89K	USD	Point-in-time
Total liabilities	`Liabilities`	$12.43M	USD	Point-in-time
Class A ordinary shares subject to possible redemption; 31,351,920 shares at approximately $10.00 per share at December 31, 2018	`TemporaryEquityCarryingAmountAttributableToParent`	$313.52M	USD	Point-in-time
Class A ordinary shares subject to possible redemption; 31,351,920 shares at approximately $10.00 per share at December 31, 2018	`TemporaryEquityCarryingAmountAttributableToParent`	-	USD	Point-in-time
Preferred shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$996.08K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$24.14K	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$4.00M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-8.81K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$16.19K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	-	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$330.95M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$242.09K	USD	Point-in-time

Income Statement 10 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	2 Qtrs
Revenue	`Revenues`	-	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.62M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$8.81K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-1.62M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-8.81K	USD	2 Qtrs
Other income - interest on Trust Account	`InvestmentIncomeInterest`	$5.63M	USD	Annual
Other income - interest on Trust Account	`InvestmentIncomeInterest`	-	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$4.01M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-8.81K	USD	2 Qtrs

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$4.01M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-8.81K	USD	2 Qtrs
Formation expense paid by sponsor	`FormationExpensePaidBySponsor`	-	USD	Annual
Formation expense paid by sponsor	`FormationExpensePaidBySponsor`	$8.81K	USD	2 Qtrs
Trust income reinvested in Trust Account	`InvestmentIncomeInterest`	$5.63M	USD	Annual
Trust income reinvested in Trust Account	`InvestmentIncomeInterest`	-	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$75.83K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.06M	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	-	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-638.11K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	2 Qtrs
Principal deposited in Trust Account	`PaymentsToInvestInDecommissioningFund`	-	USD	2 Qtrs
Principal deposited in Trust Account	`PaymentsToInvestInDecommissioningFund`	$325.00M	USD	Annual
Investment income released from Trust Account for working capital purposes	`ProceedsFromInvestmentIncomeTrustAccount`	-	USD	2 Qtrs
Investment income released from Trust Account for working capital purposes	`ProceedsFromInvestmentIncomeTrustAccount`	$250.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-324.75M	USD	Annual
Proceeds from private placement of warrants	`ProceedsFromIssuanceOfPrivatePlacement`	$8.00M	USD	Point-in-time
Proceeds from private placement of warrants	`ProceedsFromIssuanceOfPrivatePlacement`	-	USD	2 Qtrs
Proceeds from private placement of warrants	`ProceedsFromIssuanceOfPrivatePlacement`	$8.00M	USD	Annual
Proceeds from sale of Class A ordinary shares	`ProceedsFromIssuanceOfCommonStock`	$325.00M	USD	Annual
Proceeds from sale of Class A ordinary shares	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Payment of underwriters' discount	`PaymentOfUnderwritersDiscount`	$6.50M	USD	Annual
Payment of underwriters' discount	`PaymentOfUnderwritersDiscount`	$6.50M	USD	Point-in-time
Payment of underwriters' discount	`PaymentOfUnderwritersDiscount`	-	USD	2 Qtrs
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	$613.79K	USD	Annual
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	-	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$325.89M	USD	Annual
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$498.10K	USD	Annual
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	2 Qtrs
Cash and equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$498.10K	USD	Point-in-time
Cash and equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$498.10K	USD	Point-in-time
Cash and equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Deferred underwriting compensation	`DeferredUnderwritingCompensation`	$11.38M	USD	Annual
Deferred underwriting compensation	`DeferredUnderwritingCompensation`	-	USD	2 Qtrs
Deferred underwriting compensation	`DeferredUnderwritingCompensation`	$11.38M	USD	Point-in-time
Class A ordinary shares subject to possible redemption	`StockIssued1`	-	USD	2 Qtrs
Class A ordinary shares subject to possible redemption	`StockIssued1`	$313.52M	USD	Annual
Deferred offering costs included in accounts payable and accrued expenses	`DeferredOfferingCostIncludedInAccountsPayableAndAccruedExpenses`	-	USD	Annual
Deferred offering costs included in accounts payable and accrued expenses	`DeferredOfferingCostIncludedInAccountsPayableAndAccruedExpenses`	$222.09K	USD	2 Qtrs
Formation and offering costs paid by sponsor in exchange for founder shares	`FormationAndOfferingCostsPaidBySponsor`	$-25.00K	USD	2 Qtrs
Formation and offering costs paid by sponsor in exchange for founder shares	`FormationAndOfferingCostsPaidBySponsor`	-	USD	Annual
Deferred offering costs charged to additional paid-in-capital upon completion of the Public Offering	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	-	USD	2 Qtrs
Deferred offering costs charged to additional paid-in-capital upon completion of the Public Offering	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	$242.09K	USD	Annual

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Shares Issued, Price Per Share	`SharesIssuedPricePerShare`	$10.00	USD	Point-in-time
Private Placement Warrants Issued	`PrivatePlacementWarrantsIssued`	5.33M	shares	Point-in-time
Class of Warrant or Right, Exercise Price of Warrants or Rights	`ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1`	$1.50	USD	Point-in-time
Begining Balances	`StockholdersEquity`	$16.19K	USD	Point-in-time
Begining Balances	`StockholdersEquity`	$5.00M	USD	Point-in-time
Begining Balances	`StockholdersEquity`	-	USD	Point-in-time
Issuance of ordinary shares to initial shareholders at $0.002 per share	`StockIssuedDuringPeriodToInitialShareholdersValue`	$25.00K	USD	2 Qtrs
Sale of Units to the public on January 17, 2018 at $10.00 per unit	`StockIssuedDuringPeriodValueNewIssues`	$325.00M	USD	Annual
Underwriters' discount and offering expenses	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$18.51M	USD	Annual
Sale of 5,333,334 Private Placement Warrants on January 17, 2018 at $1.50 per warrant	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$8.00M	USD	Point-in-time
Sale of 5,333,334 Private Placement Warrants on January 17, 2018 at $1.50 per warrant	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$8.00M	USD	Annual
Forfeiture of Class B shares by Initial Shareholders	`StockRepurchasedAndRetiredDuringPeriodValue`	-	USD	Annual
Class A ordinary shares subject to possible redemption	`StockRedeemedOrCalledDuringPeriodValue`	$313.52M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$4.01M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-8.81K	USD	2 Qtrs
Ending Balances	`StockholdersEquity`	$16.19K	USD	Point-in-time
Ending Balances	`StockholdersEquity`	$5.00M	USD	Point-in-time
Ending Balances	`StockholdersEquity`	-	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.