{"url_path":"/sec/cik-0001371451/8-k/2026-06-04/item-1-01","section_key":"item-1-01","section_title":"Item 1.01 Entry into a Material Definitive Agreement","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-04","source_url":"https://www.sec.gov/Archives/edgar/data/1371451/0001628280-26-040657-index.html","accession_number":"0001628280-26-040657","cik":"0001371451","ticker":null,"issuer_name":"HIGHWATER ETHANOL LLC","edgar_url":"https://www.sec.gov/Archives/edgar/data/1371451/0001628280-26-040657-index.html","primary_entity_key":"0001371451","primary_entity_name":"HIGHWATER ETHANOL LLC"},"word_count":197,"has_tables":true,"body_markdown":"Item 1.01 Entry into a Material Definitive Agreement\n\nOn May 29, 2026, Highwater Ethanol, LLC (the \"Company\") and a North Dakota banking corporation (the \"Buyer\") entered into a Tax Credit Purchase Agreement (the \"Agreement\") and closed on the sale of $14,307,388 worth of 2025 tax credits associated with U.S. federal clean fuel production incentives under Section 45Z of the Internal Revenue Code with respect to the Company's ethanol plant. The Agreement requires the Company to comply with certain conditions as set forth in the Agreement including confirmation of tax eligibility and compliance requirements and delivery of a bound tax credit insurance policy. In addition, the Buyer has a right of first refusal through January 31, 2027, on up to $14,000,000 per year of 2026-2029 45Z tax credits on the same terms as set forth in the Agreement. The Agreement may be terminated by mutual consent or by the non-defaulting party upon breach of the Agreement. The Agreement includes certain customary representations, warranties, covenants, and confidentiality provisions.\n\nThe foregoing summary of the Agreement does not purport to be complete and is subject to, and qualified in its entirety, by reference to the document filed as an exhibit hereto."}