---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-23-000938"
form_type: "8-K"
ticker: "CBDW"
cik: "0001877461"
company_name: "1606 CORP."
filed_at: "2023-02-14T23:59:59+00:00"
generated_at: "2026-06-19T14:35:18.677994+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# 1606 Corp. enters up to $20M equity financing with GHS Investments at discounted market price

## Summary
- Equity Financing Agreement with GHS Investments LLC provides up to $20M over 24 months starting after S-1 effectiveness.
- GHS purchases shares at 80% of market price (10-day low); 90% after NASDAQ uplist with $2 floor.
- Company issued 400,000 commitment shares to GHS; maximum Put $750,000 per notice.
- Investor ownership capped at 4.99% of outstanding shares; no short sales allowed.
- Registration rights agreement requires Company to register shares for resale within 30-90 days of filing.

## SEC filing metadata
- accession: 0001477932-23-000938
- form_type: 8-K
- ticker: CBDW
- cik: 0001877461
- company_name: 1606 CORP.
- filed_at: 2023-02-14T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1877461/000147793223000938/0001477932-23-000938-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1877461/000147793223000938/onesix_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-23-000938
- JSON: https://secwatch.observer/filing/0001477932-23-000938.json
- Plain text: https://secwatch.observer/filing/0001477932-23-000938.txt

## Key facts
- Material Agreements
  1606 CORP. entered into Registration Rights Agreement with GHS Investments LLC valued at register for resale all Registrable Securities (effective 2023-02-08).
  - Action: entry
  - Counterparty: GHS Investments LLC
  - Value: register for resale all Registrable Securities
  - Effective: 2023-02-08
  source text: On February 6, 2023 the Registrant, 1606 Corporation., a Nevada corporation entered into an Equity Financing Agreement and on February 8, 2023 the Registrant entered into a Registration Rights with GHS Investments LLC, a Nevada limited liability company. Under the terms of the Equity Financing Agreement, GHS agreed to provide the Registrant with up to $20,000,000 over a 24-month period after the effectiveness of a registration statement on Form S-1 filed with the U.S.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1877461/000147793223000938/0001477932-23-000938-index.htm
- Material Agreements
  1606 CORP. entered into Equity Financing Agreement with GHS Investments LLC valued at up to $20,000,000 over a 24-month period (effective 2023-02-06).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: GHS Investments LLC
  - Value: up to $20,000,000 over a 24-month period
  - Effective: 2023-02-06
  source text: On February 6, 2023 the Registrant, 1606 Corporation., a Nevada corporation entered into an Equity Financing Agreement and on February 8, 2023 the Registrant entered into a Registration Rights with GHS Investments LLC, a Nevada limited liability company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1877461/000147793223000938/0001477932-23-000938-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.