ITEM 2.01.COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS.

On September 30, 2022, the Company's wholly-owned subsidiary, Mainsee 1434. VV GmbH, completed the previously-announced Transaction with the Seller pursuant to the Purchase Agreement. The purchase price for the Transaction was €270 million, inclusive of working capital.

HIT owns, among other things, 100% of a timber processing and value-add pallet production facility in Torgau, Germany (the "HIT Facility") and a wood processing facility in Dahlen, Germany that produces garden products. The Hit Facility is a fully integrated wood processing facility and its production capabilities include wood pallets, lumber, biofuels (briquettes and pellets), garden products and bio-electricity. The HIT Facility currently has an annual capacity of up to 17 million pallets and the ability to process up to 410 MMfbm of lumber per year. It includes five biomass-fueled power plants, with the ability to generate up to 15MW of electricity.

ITEM 7.01.REGULATION F-D DISCLOSURE.

A copy of the press release announcing completion of the Transaction is furnished as Exhibit 99.1 to this Current Report Form 8­K and is incorporated by reference herein. The information in such press release shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01.Financial Statements and Exhibits.

(a) Financial Statements of Businesses Acquired

The financial statements required by Item 9.01(a) of Form 8-K are not included in this Current Report on Form 8-K. The Company intends to file these financial statements by an amendment within the timeframe permitted by Item 9.01(a).

(b) Pro Forma Financial Information

The pro forma financial information required by Item 9.01(b) of Form 8-K are not included in this Current Report on Form 8-K. The Company intends to file this pro forma financial information by an amendment within the timeframe permitted by Item 9.01(b).



(d) Exhibits

Exhibit No. Description
99.1          Press release dated September 30, 2022.
104         Cover Page Interactive Data File (embedded within the Inline XBRL
            Document).

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