{"schema_version":"secwatch.filing_event.v1","accession":"0001477932-25-005716","form_type":"8-K","ticker":"CBDW","cik":"0001877461","company_name":"1606 CORP.","filed_at":"2025-08-12T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.482277+00:00","generated_at":"2026-05-17T14:53:17.362053+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"1606 Corp. amends promissory note; principal raised to $1.74M, adds 25% discount conversion","bullets":["Principal increased to $1,739,550 from $1,528,550, an increase of $211,000.","Holder can convert principal and accrued interest at 25% discount to closing bid price.","Conversion subject to 4.99% beneficial ownership limitation.","Note issued to former CEO Gregory Lambrecht; adds immediate dilution risk."],"urls":{"canonical":"https://secwatch.observer/filing/0001477932-25-005716","json":"https://secwatch.observer/filing/0001477932-25-005716.json","markdown":"https://secwatch.observer/filing/0001477932-25-005716.md","text":"https://secwatch.observer/filing/0001477932-25-005716.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1877461/000147793225005716/0001477932-25-005716-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1877461/000147793225005716/cbdw_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T14:53:17.362053+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}