---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-26-000833"
form_type: "8-K"
ticker: "CBDW"
cik: "0001877461"
company_name: "1606 CORP."
filed_at: "2026-02-17T23:59:59+00:00"
generated_at: "2026-05-16T02:32:37.567990+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# 1606 Corp. signs non-binding term sheet to acquire Texas 55 MW power/ data-center facility for $11.67M

## Summary
- Total consideration $11.67M: $7.5M cash plus assumption of $4.17M debt; $500K earnest money upon definitive agreement.
- Asset includes 132 acres, 55 MW power generation facility, and 50,000 sq ft data-center ready warehouse in Lufkin, TX.
- Expected close on or before March 11, 2026, subject to negotiation of definitive agreements and customary conditions.
- Company also discloses ongoing negotiations to acquire Sim Agro, a power-plant operations firm, to run the asset.
- CEO states acquisition is a step toward building scalable power infrastructure and pursuing higher exchange listing.

## SEC filing metadata
- accession: 0001477932-26-000833
- form_type: 8-K
- ticker: CBDW
- cik: 0001877461
- company_name: 1606 CORP.
- filed_at: 2026-02-17T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1877461/000147793226000833/0001477932-26-000833-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1877461/000147793226000833/cbdw_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-26-000833
- JSON: https://secwatch.observer/filing/0001477932-26-000833.json
- Plain text: https://secwatch.observer/filing/0001477932-26-000833.txt

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