1606 Corp. Enters Material Definitive Agreement
Ticker: CBDW · Form: 8-K · Filed: Aug 12, 2025 · CIK: 1877461
Sentiment: neutral
Topics: material-agreement, financial-obligation
TL;DR
1606 Corp. just signed a big deal, creating a new financial obligation. Details to follow.
AI Summary
On August 6, 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 Form 8-K to report this significant event. Further details regarding the agreement and its financial implications are expected to be disclosed.
Why It Matters
This filing indicates a significant new financial commitment or obligation for 1606 Corp., which could impact its financial health and future operations.
Risk Assessment
Risk Level: medium — Entering into a material definitive agreement and creating a direct financial obligation can introduce new risks related to the terms of the agreement and the company's ability to meet its obligations.
Key Players & Entities
- 1606 Corp. (company) — Registrant
- August 6, 2025 (date) — Date of earliest event reported
- Nevada (jurisdiction) — State of Incorporation
- Phoenix, AZ (location) — Principal executive offices
- 000-56467 (document_id) — Commission File Number
- 86-1497346 (identifier) — I.R.S. Employer Identification Number
FAQ
What type of material definitive agreement did 1606 Corp. enter into?
The filing states that 1606 Corp. entered into a material definitive agreement, but the specific type of agreement is not detailed in the provided text.
What is the nature of the direct financial obligation created?
The filing indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, but the specifics of this obligation are not provided in the excerpt.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on August 6, 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.
What is 1606 Corp.'s state of incorporation?
1606 Corp. is incorporated in Nevada.
Filing Stats: 618 words · 2 min read · ~2 pages · Grade level 9.9 · Accepted 2025-08-12 16:10:36
Key Financial Figures
- $1,220,550 — missory Note in the principal amount of $1,220,550. Due to additional amounts loaned by M
- $1,528,550 — missory Note in the principal amount of $1,528,550 (the " Note "). On August 6, 2025, the
- $1,739,550 — e principal of the Note is increased to $1,739,550. In addition, subject to a beneficial o
Filing Documents
- cbdw_8k.htm (8-K) — 26KB
- cbdw_ex41.htm (EX-4.1) — 2KB
- cbdw_ex41img1.jpg (GRAPHIC) — 224KB
- cbdw_ex41img2.jpg (GRAPHIC) — 118KB
- 0001477932-25-005716.txt ( ) — 605KB
- cbdw-20250806.xsd (EX-101.SCH) — 5KB
- cbdw-20250806_lab.xml (EX-101.LAB) — 13KB
- cbdw-20250806_cal.xml (EX-101.CAL) — 1KB
- cbdw-20250806_pre.xml (EX-101.PRE) — 8KB
- cbdw-20250806_def.xml (EX-101.DEF) — 2KB
- cbdw_8k_htm.xml (XML) — 4KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement On November 1, 2024, 1606 Corp., a Nevada corporation (the " Company "), issued to Gregory Lambrecht, the Company's former Chief Executive Officer and director, an Amended and Restated Promissory Note in the principal amount of $1,220,550. Due to additional amounts loaned by Mr. Lambrecht to the Company, on March 31, 2025, the Company issued to Mr. Lambrecht an Amended and Restated Promissory Note in the principal amount of $1,528,550 (the " Note "). On August 6, 2025, the Company and Mr. Lambrecht entered into an Addendum to the Note. Pursuant to the Addendum, the principal of the Note is increased to $1,739,550. In addition, subject to a beneficial ownership limitation of 4.99%, all accrued and unpaid interest and principal of the Note is convertible, at the option of Mr. Lambrecht, into shares of the Company's Common Stock at a discount of 25% of the closing bid price of the Common Stock on the date of conversion. The foregoing summary of the Addendum does not purport to be complete statements of the terms and conditions under the Addendum, of which are qualified in their entirety by the full terms and conditions of the Addendum, which is filed hereto as Exhibit 4.1. Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant The information set forth under Item 1.01 of this Current Report on Form 8-K is hereby incorporated by reference into this Item 2.03.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 4.1 Addendum to Amended and Restated Promissory Note Issued to Gregory Lambrecht 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. 1606 Corp. Date: August 12, 2025 By: /s/ Austen Lambrecht Austen Lambrecht, Chief Executive Officer 3