1606 CORP. (CBDW) — Current Report

AI-Powered SEC Filing Analysis

Latest Current Report Filed: 2026-04-16

Key Insights

1606 Corp. (CBDW) has entered into a first amendment to extend the closing date of its purchase of certain real property and related assets in Texas from April 15, 2026 to May 22, 2026.
The total purchase price of $11,168,864 remains unchanged, but the $250,000 earnest money deposit will now be considered a non-refundable extension fee.
From April 13, 2026 through closing, 1606 Corp. must provide information to the seller to verify its financial ability to complete the transaction.

Want the newest filings?

This analysis covers the filing from 2026-04-16. New 10-K, 10-Q and 8-K filings are analyzed the moment they are released — exclusively in the app.

Download on the App Store Open in app →

Earlier Current Report filings

Filed: 2026-03-31

1606 Corp. (CBDW) filed its annual report on Form 10-K, indicating the company is operating as an emerging growth company.
The filing does not mention any material agreements, leadership changes, or earnings surprises, suggesting a relatively routine update.
Without any specifics on financial performance or other key business updates, the overall significance of this filing appears to be limited.

Filed: 2026-03-23

The company has issued a new amended and restated promissory note to its former CEO Gregory Lambrecht, increasing the principal amount from $1,220,550 to $1,885,050 due to additional loans made by Mr. Lambrecht.
The note is convertible into the company's common stock at a 25% discount to the closing bid price, subject to a 9.99% beneficial ownership limitation.
The issuance of the amended note represents a direct financial obligation and creates a potential dilution risk for existing shareholders.

Filed: 2026-03-18

1606 Corp. (CBDW) has entered into an exclusive engagement agreement with Moody Capital Solutions, Inc. to act as the company's sole placement agent and/or financial advisor.
This move suggests the company may be seeking to raise capital or explore strategic alternatives, which could have implications for the company's future growth and financial position.
As an emerging growth company, investors should monitor any updates on the company's capital raising efforts and the potential impact on the business.

Filed: 2026-03-17

1606 Corp. has executed a purchase and sale agreement to acquire a 132-acre property in Lufkin, Texas that includes an existing power generation facility and infrastructure suitable for large-scale data center development. This acquisition indicates the company's strategic expansion into the data center industry.
The press release provides limited details about the potential financial impact or timeline of the acquisition. Investors would benefit from more information on the expected costs, integration plan, and potential revenue/profitability contribution from the new data center facility.
As an emerging growth company, 1606 Corp. has elected not to use the extended transition period for complying with new or revised financial accounting standards. This suggests the company is focused on timely financial reporting and transparency.

Filed: 2026-02-17

1606 Corp. has entered into a non-binding term sheet to acquire a power generation facility, climate-controlled data-center ready facility, and related property in Lufkin, Texas, indicating potential business expansion and diversification.
The filing indicates that 1606 Corp. is an emerging growth company, which may provide insights into its financial reporting and growth stage.
The press release filing suggests that 1606 Corp. is proactively communicating with investors about this potential acquisition, which could be viewed positively by the market.

Other reports for 1606 CORP.

Annual Report

Important Information

AI-generated analysis is for informational purposes only. Always read original SEC filings and consult with qualified professionals before making investment decisions.