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 (CBDW) filed its Q3 2025 10‑Q, reporting $0 revenue and a net loss of $384,516 for the quarter. Management disclosed “substantial doubt” about continuing as a going concern. Cash was $998 at September 30, 2025, while operating cash use for the nine months was $349,281. The balance sheet shows a derivative liability of $1,706,892 tied to convertible financing and convertible notes, net, of $486,613 (gross $1,903,900 less discounts). Stockholders’ deficit widened to $(2,889,439).
Equity activity was significant: 88,709,285 common shares were issued year‑to‑date through preferred conversions, note conversions, and equity sales. Subsequent events added 54,857,142 shares on note conversion and 39,558,025 from preferred conversions. Common shares outstanding were 201,421,230 as of September 30, 2025, and 295,836,397 as of November 12, 2025. Internal controls were deemed not effective due to material weaknesses, and the company noted reliance on external financing to fund operations.
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.