Welcome to our dedicated page for 1606 SEC filings (Ticker: CBDW), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
1606 Corp.'s SEC filings document 8-K material events for a Nevada corporation, including definitive agreements, amendments to asset purchase arrangements, convertible promissory note obligations, capital-structure disclosures, governance matters, and operating and financial results.
The filings provide formal records of material agreements, direct financial obligations, common-stock conversion provisions, beneficial-ownership limitations, regulatory disclosures, and public-company reporting matters tied to CBDW's AI-focused technology and infrastructure strategy.
1606 Corp. reports that Greg Paul Lambrecht beneficially owns 76,000,000 shares of Common Stock, representing 8.6% of the class. The filing states 883,850,971 shares outstanding as of April 23, 2026, and indicates sole voting and dispositive power over the reported shares.
1606 Corp. files a post-effective amendment to register for resale 204,700,902 shares of common stock by selling stockholder GHS Investments LLC. The prospectus states these shares represent approximately 21% of issued and outstanding common stock as of March 22, 2026.
The resale registration is a secondary offering; the company will not receive proceeds from these resales. The filing also discloses plans and pending items: a Financing Agreement with GHS (discounted purchase mechanics and commitment shares), a proposed Texas property acquisition priced at $11,168,864 (including $7,000,000 cash at closing and a $250,000 nonrefundable earnest deposit), an outstanding investment commitment letter, and an ongoing strategic shift toward power generation and data center infrastructure. Closing and financing for the Texas acquisition are subject to customary conditions and the company has not secured full financing.
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. reported no revenue for the year ended December 31, 2025 and a net loss of $1,295,041, narrower than the prior year’s loss as operating expenses fell to $485,738 from $4,138,157. The company had no cash at year-end, total assets of $16,058, and current liabilities of $3,238,370, including significant derivative liabilities and related-party convertible debt, leading auditors to highlight substantial doubt about its ability to continue as a going concern.
The business is pivoting from AI chatbots toward power infrastructure and data center assets. In March 2026, 1606 signed a $11,168,864 Purchase and Sale Agreement for a 55‑megawatt power plant and 50,000‑square‑foot warehouse in Texas, requiring $7,000,000 cash at closing and assumption of a lien, backed partly by a nonrefundable $250,000 deposit. Financing for the acquisition is not yet secured. A non-binding LOI with Sim Agro contemplates Sim Agro taking control and operating the facility, and a $6,000,000 investment commitment letter from ENMAS is intended to support the shift, but both remain subject to completion.
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.