1606 Corp. Engages Moody Capital Solutions as Placement Agent
Rhea-AI Summary
1606 Corp (NASDAQ:CBDW) engaged Moody Capital Solutions as its sole exclusive placement agent and financial advisor to advise on capital markets and financing matters through December 31, 2026. The engagement commenced on February 18, 2026 and includes customary cash and equity compensation plus expense reimbursement.
1606 Corp previously signed a PSA to acquire a 55-megawatt power generation facility and a 50,000 sq ft climate-controlled, data-center-ready site on ~132 acres in Texas to support data centers and AI infrastructure; the transaction remains subject to customary closing conditions.
Positive
- Signed PSA to acquire a 55-megawatt power generation facility
- Contracted for a 50,000 sq ft data-center-ready site on ~132 acres
- Engaged sole exclusive placement agent for capital markets access through 2026
Negative
- Acquisition remains subject to customary closing conditions
- Engagement compensation includes equity-based fees that may dilute shareholders
- Advisory mandate expires on December 31, 2026, limiting runway for financings
News Market Reaction – CBDW
On the day this news was published, CBDW declined 7.14%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
PHOENIX, AZ / ACCESS Newswire / March 18, 2026 / 1606 Corp. (the "Company") today announced that it has entered into an engagement agreement with Moody Capital Solutions, Inc. member FINRA/SIPC ("Moody Capital") to act as the Company's sole exclusive placement agent and/or financial advisor.
As previously disclosed, the Company has signed a PSA to acquire a 55-megawatt power generation facility and a 50,000 square-foot climate-controlled, data center-ready infrastructure site located on approximately 132 acres in Texas. The transaction is designed to support Data-Centers and AI-related infrastructure and remains subject to the execution of customary closing conditions.
Under the terms of the engagement, which commenced on February 18, 2026, Moody Capital will advise the Company on capital markets and financing matters through December 31, 2026.
"We believe this engagement positions the Company to efficiently access the capital markets as we advance our strategic initiatives," said Austen Lambrecht, Chief Executive Officer of 1606 Corp. "Moody Capital's capital markets and advisory expertise will support our corporate development and strategic planning objectives."
The engagement includes customary cash and equity-based compensation tied to the successful completion of financings, as well as reimbursement of certain out-of-pocket expenses.
About 1606 Corp.
1606 Corp. focuses on technology infrastructure and artificial intelligence applications. The Company is led by CEO Austen Lambrecht and a board of directors with extensive experience in enterprise technology, software development, and public company operations.
For more information, please visit cbdw.ai.
About Moody Capital Solutions
Moody Capital Solutions, Inc. is a registered broker-dealer and member of FINRA/SIPC providing investment banking and capital markets advisory services. For more information, visit www.moodycapital.com.
Forward-Looking Statements
This press release contains forward-looking statements. 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 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 does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
1606 Contact
Austen Lambrecht
CEO, 1606 Corp.
austen@1606corp.com
cbdw.ai
SOURCE: 1606 Corp.
View the original press release on ACCESS Newswire
FAQ
What did 1606 Corp (CBDW) announce about Moody Capital Solutions on March 18, 2026?
What assets is 1606 Corp (CBDW) planning to acquire under the signed PSA?
How will Moody Capital's engagement affect 1606 Corp (CBDW) financing plans?
Does the 1606 Corp (CBDW) acquisition have any remaining conditions?
What compensation terms did 1606 Corp (CBDW) disclose for Moody Capital Solutions?
