---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-25-007743"
form_type: "8-K"
ticker: "CBDW"
cik: "0001877461"
company_name: "1606 CORP."
filed_at: "2025-10-24T23:59:59+00:00"
generated_at: "2026-05-17T02:22:19.027376+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# 1606 Corp. increases note principal to $1.83M from ex-CEO Lambrecht; adds 25% discount conversion

## Summary
- October 21, 2025 addendum raises promissory note principal to $1,829,550 from $1,528,550.
- All accrued interest and principal convertible at 25% discount to closing bid price, subject to 4.99% limit.
- Note originally issued in November 2024; amended again in March 2025 for $1,528,550.
- Addendum creates a direct financial obligation under Item 2.03; full terms in Exhibit 4.1.

## SEC filing metadata
- accession: 0001477932-25-007743
- form_type: 8-K
- ticker: CBDW
- cik: 0001877461
- company_name: 1606 CORP.
- filed_at: 2025-10-24T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1877461/000147793225007743/0001477932-25-007743-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1877461/000147793225007743/cbdw_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-25-007743
- JSON: https://secwatch.observer/filing/0001477932-25-007743.json
- Plain text: https://secwatch.observer/filing/0001477932-25-007743.txt

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