{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-26-040657","form_type":"8-K","ticker":null,"cik":"0001371451","company_name":"HIGHWATER ETHANOL LLC","filed_at":"2026-06-04T15:19:09+00:00","discovered_at":"2026-06-04T15:20:00.445244+00:00","generated_at":"2026-06-04T15:20:18.971873+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Highwater Ethanol sells $14.3M of 2025 45Z tax credits to N.D. bank; buyer gets ROFR on future credits","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-040657","json":"https://secwatch.observer/filing/0001628280-26-040657.json","markdown":"https://secwatch.observer/filing/0001628280-26-040657.md","text":"https://secwatch.observer/filing/0001628280-26-040657.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1371451/000162828026040657/0001628280-26-040657-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1371451/000162828026040657/highwater-20260529.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T15:20:18.971873+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7fa62600820c8c3acde2d15aab289d00112d44ea","claim":"HIGHWATER ETHANOL LLC entered into Tax Credit Purchase Agreement with a North Dakota banking corporation valued at $14,307,388 (effective 2026-05-29).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1371451/000162828026040657/0001628280-26-040657-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"a North Dakota banking corporation"},{"label":"Value","value":"$14,307,388"},{"label":"Effective","value":"2026-05-29"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}