1606 Corp. extends $20M equity line with GHS Investments through May 2027

1606 CORP.

Amendment dated May 14, 2025 extends termination to 24 months from that date, replacing original Feb 2023 term.
GHS commits to purchase up to $20M of common stock at 80% of Market Price (90% after NASDAQ listing, $2 floor).
Put amounts range from $10k to $750k; investor capped at 4.99% beneficial ownership.
400,000 commitment shares already issued; additional 250,000 shares per each of first 6 puts will be issued.
Pricing Period is 10 trading days; minimum 10 trading days between closings.

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.