1606 CORP

Market Movers (8-K)

OID
1606 Corp. has amended its Promissory Note with Gregory Lambrecht, extending the maturity date and modifying conversion terms, including a 50% discount to common stock bid price.
Capital raise
OID
1606 Corp. announced an extension of its power generation and infrastructure project acquisition closing date to October 31, 2026, while continuing to advance financing discussions.
Delay expected
Capital raise
OID
1606 Corp. has amended its purchase agreement for Texas real property, extending the closing date to October 31, 2026, and paying an additional extension fee.
Delay expected
OID
1606 Corp. has entered into a definitive agreement to acquire a majority interest in Sim Agro Inc., a power-plant operations and energy-infrastructure company, to bolster its strategy in data center and AI infrastructure.
OID
1606 Corp. has amended its purchase agreement for Texas real estate, extending the closing date to May 22, 2026, in exchange for a $250,000 non-refundable fee.
Delay expected
Capital raise
OID
1606 Corp. announced the filing of its Annual Report on Form 10-K, highlighting its strategic shift towards data center infrastructure powered by captive energy assets and progress on a flagship acquisition.
Capital raise
Better than expected

Quarterly Earnings (10-Q)

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1606 Corp. reports a net loss of $1.07 million for Q1 2026 while shifting its strategic focus from AI chatbots to power generation and data center infrastructure.
Worse than expected
Delay expected
Capital raise
OID
1606 Corp. reports continued net losses and a going concern warning for Q3 2025, shifting fully to AI chatbot development after exiting CBD product sales.
Worse than expected
Capital raise
OID
1606 Corp. reported no revenue for the second quarter of 2025, with net losses continuing amidst significant liquidity concerns and internal control weaknesses.
Worse than expected
Capital raise
OID
1606 Corp. reported no revenue for Q1 2025 and a net loss of $208,339, as the company continues to focus on developing and commercializing its AI chatbot technology.
Worse than expected
Capital raise
OID
1606 Corp. reported a significant increase in net loss for the third quarter of 2024, driven by higher operating expenses, while focusing on the development and commercialization of its AI chatbot technology.
Worse than expected
Capital raise
OID
1606 Corp. reports a net loss of $625,629 for the six months ended June 30, 2024, despite a slight increase in revenue compared to the same period last year.
Worse than expected
Capital raise

Annual Reports (10-K)

OID
1606 Corp. pivots from AI chatbots to power infrastructure and data centers, announcing a major Texas acquisition while grappling with significant financing challenges and a going concern warning.
Delay expected
Worse than expected
Capital raise
OID
1606 Corp. reported a significant increase in net loss for 2024, driven by higher operating expenses, as the company transitions its focus to AI chatbot technology.
Worse than expected
Capital raise
OID
1606 Corp. shifts its business focus to AI chatbots for the CBD industry after discontinuing its hemp cigarette business, reporting a net loss of $1.58 million for 2023.
Worse than expected
Capital raise

New Public Companies (S-1)

OID
1606 Corp. filed an S-1 registration statement for the resale of 204.7 million common shares by GHS Investments LLC, highlighting its pivot to AI chatbots amidst ongoing financial losses and a going concern warning.
Worse than expected
Capital raise
Delay expected
OID
1606 Corp. has filed an amended registration statement for the resale of up to 29,876,884 shares of its common stock by a selling stockholder.
Worse than expected
Capital raise
OID
1606 Corp. has filed a registration statement for the resale of up to 29,876,884 shares of its common stock by the selling stockholder, GHS Investments LLC, following an equity financing agreement.
Worse than expected
Capital raise
OID
1606 Corp has filed an S-1 registration statement for the resale of up to 11,503,346 shares of its common stock by the selling stockholder, GHS Investments LLC.
Worse than expected
Capital raise

Schedule 13G - Passive Investments

OID
Greg Paul Lambrecht has filed a Schedule 13G disclosing beneficial ownership of 76,000,000 shares of 1606 Corp common stock.