Highwater Ethanol sells $14.3M of 2025 45Z tax credits to N.D. bank; buyer gets ROFR on future credits

HIGHWATER ETHANOL LLC

Sold $14,307,388 of 2025 Section 45Z clean fuel production tax credits to a North Dakota banking corporation (buyer undisclosed).
Purchase Price paid in cash on May 29, 2026; price ratio not disclosed.
Buyer granted right of first refusal on up to $14M/year of 2026-2029 45Z credits on same terms.
Conditions included binding tax credit insurance policy, PWA compliance, and verified emissions rate.
Agreement may be terminated by mutual consent or by non-defaulting party on breach.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

HIGHWATER ETHANOL LLC entered into Tax Credit Purchase Agreement with a North Dakota banking corporation valued at $14,307,388 (effective 2026-05-29).

Action: entry
Counterparty: a North Dakota banking corporation
Value: $14,307,388
Effective: 2026-05-29

Exact text from the filing

On 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.

View on SEC.gov

802 material agreements filed in the last 30 days. Browse all material agreements →

Source: SEC EDGAR

accession 0001628280-26-040657

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.