---
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"
generated_at: "2026-05-17T14:53:17.362053+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# 1606 Corp. amends promissory note; principal raised to $1.74M, adds 25% discount conversion

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-25-005716
- JSON: https://secwatch.observer/filing/0001477932-25-005716.json
- Plain text: https://secwatch.observer/filing/0001477932-25-005716.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.