1606 Corp. Enters Material Definitive Agreement
Ticker: CBDW · Form: 8-K · Filed: May 5, 2025 · CIK: 1877461
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation
TL;DR
1606 Corp. signed a big deal with a new financial obligation. Details to follow.
AI Summary
On May 2, 2025, 1606 Corp. entered into a material definitive agreement, creating a direct financial obligation. The company, incorporated in Nevada with its principal executive offices in Phoenix, AZ, filed this 8-K report on May 5, 2025. Specific details of the agreement and the financial obligation are not provided in this excerpt.
Why It Matters
This filing indicates 1606 Corp. has entered into a significant contract that creates a financial obligation, which could impact its financial health and future operations.
Risk Assessment
Risk Level: medium — Entering into a material definitive agreement and creating a financial obligation can introduce financial risks and uncertainties for the company.
Key Players & Entities
- 1606 Corp. (company) — Registrant
- May 2, 2025 (date) — Date of earliest event reported
- May 5, 2025 (date) — Filing date
- Nevada (jurisdiction) — State of incorporation
- Phoenix, AZ (location) — Principal executive offices
- 602-481-1544 (phone_number) — Registrant's telephone number
FAQ
What is the nature of the material definitive agreement entered into by 1606 Corp.?
The filing states that 1606 Corp. entered into a material definitive agreement, but the specific details of this agreement are not provided in the excerpt.
What type of financial obligation has 1606 Corp. created?
The filing indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, but the specifics are not detailed in this excerpt.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on May 2, 2025.
When did 1606 Corp. file this 8-K report?
1606 Corp. filed this 8-K report on May 5, 2025.
Where are 1606 Corp.'s principal executive offices located?
1606 Corp.'s principal executive offices are located at 2425 E. Camelback Rd, Suite 150, Phoenix, AZ 85016.
Filing Details
This Form 8-K (Form 8-K) was filed with the SEC on May 5, 2025 regarding 1606 CORP. (CBDW).