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. 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 is registering 204,700,902 shares of common stock for resale by GHS Investments LLC under an equity financing agreement. If fully issued, these shares would equal about 30% of common stock outstanding as of mid‑January 2026.
The company itself will not receive proceeds from GHS’s resales, but may raise up to $20 million over 24 months by selling shares to GHS at 80% of the market price, or 90% after any Nasdaq uplist, subject to volume and price limits. The filing highlights significant dilution risk, a sub‑penny OTC trading price, recurring operating losses, going‑concern uncertainty, and heavy voting control concentrated in super‑voting preferred shares held by former and current CEOs Gregory and Austen Lambrecht, which allows management to dominate stockholder decisions.
1606 Corp. is registering 204,700,902 shares of common stock for resale by GHS Investments LLC under an equity financing agreement. These shares, if issued, would equal about 30% of the company’s common stock outstanding as of January 15, 2026. As of January 12, 2026, 1606 Corp. had 472,401,803 common shares outstanding, and it expects 677,102,705 shares to be outstanding if all registered shares are issued.
The company will not receive proceeds from GHS’s resale, but can raise up to $20,000,000 by selling shares to GHS at 80% of the lowest traded price over a 10-day period, with pricing terms that change after any NASDAQ uplisting. A risk factor notes that at a recent Market Price of $0.0006, the additional 204,700,902 shares would represent only $98,256 of potential proceeds.
1606 Corp. has shifted from discontinued hemp cigarette products to AI chatbots for CBD retailers and public companies, yet reported minimal revenue and a net loss of $4,514,971 in 2024 and $802,966 for the nine months ended September 30, 2025, with substantial doubt about its ability to continue as a going concern. Former CEO Gregory Lambrecht and current CEO Austen Lambrecht control super-voting Series B Preferred Stock, giving them majority voting power. The stock trades on the OTC market as a penny stock, and the company warns of significant dilution, high risk and no expected dividends.
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.