Every 8-K that 1606 Corp (CBDW) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow CBDW and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CBDW filings page.
1606 Corp. (CBDW) reports progress on its planned acquisition and redevelopment of an approximately 132-acre biomass power facility and data center site in Lufkin, Texas. The strategy targets AI and high-performance computing data center end users using the site’s existing ~55 MW biomass generation and power infrastructure.
The company has engaged MDM Group LLC to market the project to hyperscale operators, AI compute companies, infrastructure investors and other potential off-takers, partners or purchasers, including options such as off-take agreements, joint ventures, or a sale or assignment of 1606’s contractual interest. In parallel, 1606 hired an experienced power-generation services firm, which has delivered a detailed operations and maintenance plan to support plant recommissioning and future operations.
1606 remains current with SEC reporting and continues to work toward closing the Lufkin acquisition under an existing purchase agreement that currently provides for a closing on or before October 31, 2026. Closing has been extended multiple times and still depends on securing financing. The company discloses that it has paid substantial non-refundable amounts under the purchase agreement that are not credited to the purchase price and will be forfeited if the acquisition does not close.
1606 Corp. entered into a strategic agreement with MDM Group LLC to market and commercialize its planned acquisition of an approximately 132-acre power campus in East Texas, which includes about 55 MW of behind-the-meter generation and an existing industrial facility intended for AI, cloud, and high-performance computing deployments. MDM Group will identify and introduce prospective buyers, long-term capacity off-takers, and joint venture partners from its network of AI infrastructure developers, hyperscale operators, institutional investors, and enterprise compute companies.
The engagement is a success-fee-only arrangement with no upfront or monthly advisory fees and is limited to commercial real estate and infrastructure advisory services, not securities or capital raising. 1606 is evaluating multiple commercialization pathways, including long-term AI and HPC capacity leases, strategic joint ventures for data center development, and additional infrastructure financing following acquisition. The company’s Purchase and Sale Agreement for the Lufkin facility currently extends through October 31, 2026, allowing time to complete financing, advance due diligence, and consider strategic opportunities, while acknowledging risks such as financing uncertainty, transaction closing risk, and pending litigation and title matters affecting the property.
1606 Corp amended a promissory note held by former Chief Executive Officer and director Gregory Lambrecht and reported a board change. An addendum to the Amended and Restated Promissory Note relates to outstanding principal of $2,037,184.36 as of March 31, 2026 and extends the maturity date to December 31, 2026. All accrued principal and interest are now convertible, at the holder’s option, into common stock at a conversion price set at a 50% discount to the closing bid on the conversion date, subject to a beneficial ownership cap that limits the holder to no more than 9.99% of outstanding common stock and in no event 10% or more, with increases effective only after 61 days’ written notice. The company also disclosed that director Venu Aravamudan resigned effective July 21, 2026; the board accepted his resignation and fixed the authorized board size at two directors, leaving the resulting vacancy unfilled.
1606 Corp. is advancing its planned acquisition of a power generation and infrastructure project in Angelina County, Texas by amending its Purchase and Sale Agreement with Jefferson Enterprise Energy. The amendment extends the targeted closing date to October 31, 2026 and required an extension payment.
Management reports active discussions with institutional investors, family offices, and energy-focused financing groups and has received multiple term sheets and proposed structures, though no binding financing commitments are in place. The project spans about 132 acres and includes an existing power plant, utility infrastructure, rail access, industrial improvements, and a 50,000-square-foot warehouse, which the company views as a platform for future data center and AI-related development.
Forward-looking risk factors highlight the need for additional funding, timely payment of the remaining $112,000 extension fee balance due on or before June 30, 2026, successful financing for the acquisition, resolution of pending tax and insurance litigation currently set for trial on August 17, 2026, and the seller’s ability to clear title, all of which could affect whether the transaction closes by October 31, 2026.
1606 Corp. entered a Second Amendment to its Purchase and Sale Agreement with Jefferson Enterprise Energy for real property and related assets in Angelina County, Texas. The amendment extends the deal’s closing date from May 22, 2026 to October 31, 2026 while keeping the total purchase price at $11,168,864.
For this extension, 1606 Corp. will pay a $312,000 Extension Fee within one business day after May 27, 2026. This consists of a $75,000 Operational Offset Amount, which is fully earned and generally non-refundable, and a $237,000 Tax Contribution to be applied to ad valorem tax litigation affecting the property, credited against the purchase price if the deal closes.
The previously paid $250,000 in earnest money remains fully earned by the seller and non-refundable. However, if the seller has not entered into a written payment plan or settlement with taxing authorities regarding the tax suit by June 12, 2026, the agreement automatically terminates and the seller must refund the entire Extension Fee to 1606 Corp.
1606 Corp. has signed a definitive agreement to acquire a majority controlling interest in Sim Agro Inc., a global power-plant operations and energy-infrastructure company. The deal is intended to support 1606’s strategy to build captive power and data center infrastructure for artificial intelligence and high-performance computing.
Sim Agro is expected to operate 1606’s growing power and energy assets, starting with a Texas power-generation and data infrastructure property under contract on approximately 132 acres with a 50,000 sq ft warehouse. In connection with the transaction, an existing lien associated with Sim Agro is expected to be satisfied and removed after closing conditions and promissory note repayment, which management says would effectively reduce the net acquisition cost of the Texas facility by about $4.2 million.
Sim Agro brings a global team across multiple regions, more than 40 years of combined power-generation experience, and about $2.5 million in inventory, providing immediate operating capacity. Upon closing, 1606 plans to appoint Sim Agro’s Dr. Karthik Raghavan to its Board and enter into an employment contract with him as it builds a vertically integrated platform focused on captive power generation, data-center-ready real estate, and energy solutions for AI and high-density computing.
1606 Corp. amended its agreement to buy real property and related assets in Angelina County, Texas from Jefferson Enterprise Energy, LLC. The First Amendment moves the closing date from April 15, 2026 to May 22, 2026 while keeping the total purchase price at $11,168,864. The Company’s prior $250,000 earnest money deposit is now fully earned by the seller as a non-refundable extension fee and will not be credited against the price, even if the deal does not close. From April 13, 2026 until closing, 1606 Corp. must provide information, on seller’s written request, to verify its financial ability to complete the acquisition.
1606 Corp. filed its Annual Report on Form 10-K, highlighting a strategic pivot toward power-backed data center infrastructure. The company signed a Purchase and Sale Agreement for a 132-acre site with a power generation asset and a 50,000 square foot data center-ready facility, forming the basis of a scalable platform.
Management is pursuing a non-binding Letter of Intent with Sim Agro Inc. to support power plant operations and has engaged Moody for capital markets and financing support. The company emphasizes its fully reporting status and believes its captive power model and AI-focused data center strategy, if executed successfully, could create long-term shareholder value, while cautioning that outcomes may differ materially from expectations.
1606 Corp. entered into a revised financing arrangement with its former CEO and director, Gregory Lambrecht. On March 17, 2026, the board approved issuing him an Amended and Restated Promissory Note with a principal amount of $1,885,050, reflecting additional loans he provided.
The note is effective as of December 31, 2025 and also matures on December 31, 2025. At Mr. Lambrecht’s option and subject to a 9.99% beneficial ownership cap, the note can be converted into common stock at a 25% discount to the closing bid price on the conversion date.
1606 Corp. has engaged Moody Capital Solutions as its sole exclusive placement agent and financial advisor. The engagement, which began on February 18, 2026 and runs through December 31, 2026, focuses on capital markets and financing support.
The company has previously signed a purchase and sale agreement to acquire a 55-megawatt power generation facility and a 50,000 square-foot climate-controlled, data center–ready site on about 132 acres in Texas, aimed at supporting data centers and AI-related infrastructure, subject to customary closing conditions.
1606 Corp. has signed a Purchase and Sale Agreement to acquire a 132-acre, power-equipped property in Lufkin, Texas for approximately $11.2 million. The price includes $7 million in cash at closing and the assumption of an existing mechanic's and materialman's lien of about $4.2 million.
The site includes land, permits, equipment, development rights, an on-site power generation facility, and a 50,000-square-foot warehouse designed to support rapid deployment of data center infrastructure. Management sees the property as a platform for high-density computing, AI, and other power-intensive digital infrastructure.
The transaction is expected to close on April 15th, subject to customary closing conditions and due diligence. 1606 has already made a substantial nonrefundable earnest money deposit. The company is also in discussions with Sim Agro Inc. about a potential business combination, though no definitive agreement has been executed.
1606 Corp. agreed to buy a real estate and equipment package in Angelina County, Texas from Jefferson Enterprise Energy for a total purchase price of $11,168,864. The consideration includes $7,000,000 in cash at closing plus assumption of the Sim Agro mechanic’s and materialman’s lien.
The company deposited nonrefundable earnest money of $250,000, which will be credited to the price if the deal closes. Closing is scheduled for April 15, 2026, and the property is being acquired on an “AS-IS, WHERE-IS” basis with all faults, a key term reflected in the negotiated price.
1606 Corp. agreed a non-binding term sheet to acquire a 55 MW power generation facility, a 50,000 square foot data-center ready climate-controlled warehouse, and about 132 acres in Lufkin, Texas for approximately $11.67 million. The consideration includes $7.5 million in cash at closing and the assumption of about $4.17 million of existing power-plant debt, with a planned $500,000 earnest money deposit upon signing a definitive purchase agreement.
The transaction is expected to close on or before March 11, 2026, subject to definitive documentation and customary conditions, and would provide behind-the-meter captive power for AI and data-center infrastructure projects. 1606 positions this asset as a foundational power platform and is also negotiating an acquisition of Sim Agro Inc., which is expected to run power generation for the asset and 1606 Corp.
1606 Corp. reported that it has received a $6 million Investment Commitment Letter from ENMAS EPC Power Projects Limited. The company says this prospective funding is intended to support its strategic growth and expansion initiatives, signaling potential additional capital to back its business plans.
The news was shared via a press release furnished under Regulation FD, meaning it is being provided for informational purposes and is not treated as filed financial information. 1606 Corp. also notes that the press release should be read together with its other SEC filings and public disclosures for a fuller picture of its operations and plans.
1606 Corp. (CBDW) reported that it has signed a nonbinding Acquisition Term Sheet to be acquired by Sim Agro Inc., described as a leading privately held power and sustainable energy company with experience in energy generation and infrastructure for sectors including manufacturing and datacenters. The update was provided through a press release furnished to regulators. Because the term sheet is nonbinding, it signals interest in a potential transaction but does not guarantee that a definitive agreement or closing will occur. The company notes that the press release is summary information, should be read together with its other public filings, and is being furnished under disclosure rules so it is not deemed filed or incorporated by reference into other reports.
1606 Corp. (CBDW) entered into an addendum to a promissory note with former CEO Gregory Lambrecht. Effective October 21, 2025, the principal increased to $1,829,550. The note, which had been amended previously to $1,528,550 on March 31, 2025, now allows Mr. Lambrecht, at his option, to convert all accrued and unpaid interest and principal into common stock at a 25% discount to the closing bid price on the conversion date, subject to a 4.99% beneficial ownership limitation.
The company incorporated this agreement as a material definitive agreement and as a direct financial obligation. The addendum is filed as Exhibit 4.1.
1606 Corp. filed a current report to share that it will attend the 151st National Investment Banking Association (NIBA) Conference in Fort Lauderdale, Florida on September 16, 2025. The company disclosed this under a Regulation FD disclosure item to ensure all investors have access to the same information about its conference participation.
The report notes that the related press release is being furnished rather than filed, meaning it is not subject to certain liability provisions under U.S. securities laws and will not be automatically incorporated into other SEC filings. 1606 Corp. also explains that any information in the release should be read together with its other SEC filings and public announcements.