secwatch.observer — SEC 8-K summary
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Issuer:     1606 CORP. (CBDW)
CIK:        0001877461
Form:       8-K
Filed at:   2025-10-24T23:59:59+00:00
Accession:  0001477932-25-007743
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1877461/000147793225007743/0001477932-25-007743-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1877461/000147793225007743/cbdw_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-25-007743

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