secwatch.observer — SEC 8-K summary
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Issuer:     1606 CORP. (CBDW)
CIK:        0001877461
Form:       8-K
Filed at:   2023-02-14T23:59:59+00:00
Accession:  0001477932-23-000938
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1877461/000147793223000938/0001477932-23-000938-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1877461/000147793223000938/onesix_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-23-000938

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