1606 Corp. Announces Transition to OTCID Tier, Marking a Major Step for the Company
1606 Corp. (OTC:CBDW) has announced its upcoming transition from OTC Pink to OTC ID designation, effective July 1, 2025. This strategic move represents a significant advancement in the company's market visibility, transparency, and regulatory compliance. CEO Austen Lambrecht emphasized this transition as a milestone reflecting their commitment to building investor confidence.
The company has also successfully filed its Q1 2025 10-Q report, maintaining its track record of timely SEC filings since inception. 1606 Corp. views this upgrade as a stepping stone toward a potential future listing on senior exchanges like NASDAQ, aligning with their long-term growth strategy and focus on shareholder value creation.
1606 Corp. (OTC:CBDW) ha annunciato il prossimo passaggio da OTC Pink alla designazione OTC ID, con efficacia dal 1° luglio 2025. Questa mossa strategica rappresenta un importante progresso nella visibilità sul mercato, nella trasparenza e nella conformità regolamentare dell'azienda. Il CEO Austen Lambrecht ha sottolineato che questa transizione segna una pietra miliare che riflette il loro impegno a rafforzare la fiducia degli investitori.
L'azienda ha inoltre presentato con successo il proprio rapporto 10-Q del primo trimestre 2025, mantenendo la sua consuetudine di depositi tempestivi presso la SEC sin dalla sua fondazione. 1606 Corp. considera questo aggiornamento come un passo fondamentale verso una possibile futura quotazione su mercati senior come il NASDAQ, in linea con la loro strategia di crescita a lungo termine e l’attenzione alla creazione di valore per gli azionisti.
1606 Corp. (OTC:CBDW) ha anunciado su próxima transición de OTC Pink a la designación OTC ID, con efecto a partir del 1 de julio de 2025. Este movimiento estratégico representa un avance significativo en la visibilidad de la empresa en el mercado, la transparencia y el cumplimiento regulatorio. El CEO Austen Lambrecht destacó esta transición como un hito que refleja su compromiso con la confianza de los inversores.
La compañía también ha presentado con éxito su informe 10-Q del primer trimestre de 2025, manteniendo su historial de presentaciones puntuales ante la SEC desde su creación. 1606 Corp. ve esta mejora como un paso hacia una posible futura cotización en bolsas mayores como NASDAQ, alineándose con su estrategia de crecimiento a largo plazo y su enfoque en la creación de valor para los accionistas.
1606 Corp. (OTC:CBDW)는 2025년 7월 1일부터 OTC Pink에서 OTC ID 지정으로 전환할 예정이라고 발표했습니다. 이 전략적 조치는 회사의 시장 가시성, 투명성 및 규제 준수 측면에서 중요한 진전을 의미합니다. CEO 오스텐 램브레히트는 이번 전환이 투자자 신뢰 구축에 대한 회사의 의지를 반영하는 중요한 이정표라고 강조했습니다.
회사는 또한 2025년 1분기 10-Q 보고서를 성공적으로 제출하여 설립 이래 SEC에 신속하게 보고하는 기록을 유지하고 있습니다. 1606 Corp.는 이번 업그레이드를 NASDAQ과 같은 주요 거래소 상장 가능성을 향한 발판으로 보고 있으며, 장기 성장 전략과 주주 가치 창출에 집중하고 있습니다.
1606 Corp. (OTC:CBDW) a annoncé sa prochaine transition d'OTC Pink vers la désignation OTC ID, effective à partir du 1er juillet 2025. Ce mouvement stratégique représente une avancée significative en termes de visibilité sur le marché, de transparence et de conformité réglementaire pour l'entreprise. Le PDG Austen Lambrecht a souligné que cette transition marque une étape importante reflétant leur engagement à renforcer la confiance des investisseurs.
L'entreprise a également déposé avec succès son rapport 10-Q du premier trimestre 2025, maintenant ainsi son historique de dépôts ponctuels auprès de la SEC depuis sa création. 1606 Corp. considère cette évolution comme une étape vers une éventuelle future cotation sur des marchés majeurs tels que le NASDAQ, en accord avec leur stratégie de croissance à long terme et leur focalisation sur la création de valeur pour les actionnaires.
1606 Corp. (OTC:CBDW) hat den bevorstehenden Wechsel von OTC Pink zur OTC ID-Klassifizierung zum 1. Juli 2025 angekündigt. Dieser strategische Schritt stellt einen bedeutenden Fortschritt in der Marktpräsenz, Transparenz und regulatorischen Compliance des Unternehmens dar. CEO Austen Lambrecht betonte, dass dieser Übergang einen Meilenstein darstellt, der ihr Engagement zur Stärkung des Investorenvertrauens widerspiegelt.
Das Unternehmen hat zudem erfolgreich seinen 10-Q-Bericht für das erste Quartal 2025 eingereicht und hält damit seine Tradition fristgerechter SEC-Einreichungen seit Gründung aufrecht. 1606 Corp. betrachtet dieses Upgrade als wichtigen Schritt auf dem Weg zu einer möglichen zukünftigen Notierung an etablierten Börsen wie der NASDAQ, im Einklang mit ihrer langfristigen Wachstumsstrategie und dem Fokus auf Wertschöpfung für die Aktionäre.
- Upgrade from OTC Pink to OTC ID designation indicates improved market visibility and compliance
- Company has maintained consistent SEC filing compliance since inception
- Potential future uplisting to major exchanges like NASDAQ
- Timely filing of Q1 2025 10-Q report demonstrates operational efficiency
- Still operating in lower-tier OTC markets, indicating limited market presence
- No specific financial metrics or growth indicators provided in the announcement
PHOENIX, ARIZONA / ACCESS Newswire / May 20, 2025 / 1606 Corp. (OTC:CBDW) (the "Company") is pleased to announce that, effective July 1, 2025, the Company will be moving from the OTC Pink to the OTC ID designation within the OTC Markets platform. This upgrade represents a meaningful advancement in the Company's transparency, regulatory compliance, and overall market visibility as it continues to position itself for long-term growth.
Over the past year, 1606 Corp. has made significant strides operationally, strategically, and financially that aligns with the Company's long-term goals and shareholder value strategy. We believe this also puts the Company in position for a future listing on a senior exchange such as NASDAQ or another national market that best serves the interests of its shareholders.
"This transition to OTCID is a milestone that reflects our deep commitment to transparency, credibility, and building long-term investor confidence," said Austen Lambrecht, CEO of 1606 Corp. "It's an important step forward, but it's also just the beginning. We are focused on scaling our business in a sustainable way that supports our vision for the future."
As 1606 Corp. continues to expand its footprint and strengthen its operations, the shift to OTCID underscores the Company's evolving leadership and its clear focus on long-term value creation.
Successful 10-Q Filling
We are pleased to announce that we have timely filed our Quarterly Report on Form 10-Q for the first quarter of the year 2025. This filing reflects our ongoing commitment to transparency and regulatory compliance, providing detailed insights into our financial performance and operational activities. We are proud to have remained current with all SEC filings since our inception.
About 1606 Corp.
1606 Corp. stands at the forefront of technological innovation, particularly in AI Chatbots. Our mission is to revolutionize customer service, addressing the most significant challenges faced by consumers in the digital marketplace. We are dedicated to transforming the IR industry through cutting-edge AI centric solutions, ensuring a seamless and efficient customer experience. As a visionary enterprise, 1606 Corp. equips businesses with the advanced tools they need to excel in the competitive digital landscape. Our commitment to innovation and quality positions us as a leader in the field, driving the industry forward and setting new benchmarks for success and customer satisfaction.
For more information, please visit cbdw.ai.
Industry Information
The global AI market, valued at
Forward-Looking Statements
This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. These factors include, but are not limited to reliance on unaudited statements, the Company's need for additional funding, the impact of competitive products and services and pricing, the demand for the Company's products and services, and other risks that are detailed from time-to-time in the Company's filings with the United States SEC. The foregoing list of factors is not exhaustive. Readers should carefully consider the foregoing factors and the other risks and uncertainties discussed in the Company's most recent reports on Forms 10-K and 10-Q, particularly the "Risk Factors" sections of those reports, and in other documents the Company has filed, or will file, with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company assumes no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
Company Contact:
Austen Lambrecht
CEO, 1606 Corp.
austen@1606corp.com
cbdw.ai
SOURCE: 1606 Corp.
View the original press release on ACCESS Newswire
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