secwatch.observer — SEC 8-K summary
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Issuer:     1606 CORP. (CBDW)
CIK:        0001877461
Form:       8-K
Filed at:   2025-05-16T23:59:59+00:00
Accession:  0001477932-25-003925
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1877461/000147793225003925/0001477932-25-003925-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1877461/000147793225003925/cbdw_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-25-003925

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer