secwatch.observer — SEC 8-K summary
======================================

Issuer:     1606 CORP. (CBDW)
CIK:        0001877461
Form:       8-K
Filed at:   2026-06-02T16:28:32+00:00
Accession:  0001477932-26-003576
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

1606 Corp. extends closing for Angelina County property purchase to Oct 31, 2026; pays $312K fee
--------------------------------------------------------------------------------

- Total purchase price unchanged at $11,168,864 for real property in Angelina County, Texas.
- Extension fee of $312,000 includes $75,000 operational offset and $237,000 tax contribution.
- Existing $250,000 earnest money remains fully earned and non-refundable.
- Agreement terminates if tax litigation settlement not reached by June 12, 2026; extension fee refunded.
- Second Amendment signed May 27, 2026; original closing was due May 22, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1877461/000147793226003576/0001477932-26-003576-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1877461/000147793226003576/cbdw_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-26-003576

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