CEO Austen Lambrecht gains voting control via Series B preferred stock gift from father

1606 CORP.

Gregory Lambrecht gifted 60 shares of Series B Preferred Stock to his son Austen Lambrecht, the current CEO.
Austen now owns all 90 outstanding Series B Preferred shares, giving him voting control of the company.
Series B shares have voting rights equal to 10 times the combined votes of common and other preferred stock.
The change in control occurred on June 14, 2024.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.