---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-26-002719"
form_type: "8-K"
ticker: "CBDW"
cik: "0001877461"
company_name: "1606 CORP."
filed_at: "2026-05-04T23:59:59+00:00"
generated_at: "2026-05-15T00:02:12.035804+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# 1606 Corp. signs definitive agreement to acquire 51% of Sim Agro Inc. for stock and assumed debt

## Summary
- Acquiring 51% of Sim Agro; consideration: 150M shares at closing plus 100M shares or $2.1M cash in Jan 2027.
- Will assume ~$2.32M trade payable, restructured via $422K promissory note (10%, 18 mo) and 25M shares to ENMAS.
- Dr. Karthik Raghavan, Sim Agro sole stockholder, to join 1606 board and become employee at closing.
- Transaction supports captive power/data center infrastructure for AI; separate TX property PSA closing May 22.
- Closing conditions include FINRA approval, no governmental prohibition, no material adverse effect, within 120 days.

## SEC filing metadata
- accession: 0001477932-26-002719
- form_type: 8-K
- ticker: CBDW
- cik: 0001877461
- company_name: 1606 CORP.
- filed_at: 2026-05-04T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1877461/000147793226002719/0001477932-26-002719-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1877461/000147793226002719/cbdw_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-26-002719
- JSON: https://secwatch.observer/filing/0001477932-26-002719.json
- Plain text: https://secwatch.observer/filing/0001477932-26-002719.txt

## Source-grounded claims
- claim_id: b74a6d489cb6469c98cc02b1c2eedac159d34514
  claim: 1606 CORP. entered into Agreement and Plan of Stock Exchange with Sim Agro Inc. (effective 2026-05-02).
  evidence_excerpt: On May 2, 2026, 1606 Corp., a Nevada corporation (the “ Company ”), and Sim Agro Inc., a Texas corporation (“ Sim Agro ”), entered into an Agreement and Plan of Stock Exchange (the “ Agreement ”), pursuant to which the Company will acquire a majority interest in Sim Agro through a strategic stock exchange transaction.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1877461/000147793226002719/0001477932-26-002719-index.htm

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