1606 Corp. extends power plant acquisition closing to Oct 31; financing talks continue

1606 CORP.

Amendment with Jefferson Enterprise Energy extends closing to October 31, 2026; extension payment made.
Multiple indications of interest and term sheets received; no financing commitment signed yet.
Target includes ~132 acres in Angelina County, TX with existing power generation, rail, and 50k sq ft warehouse.
Project progress includes engineering reviews, biomass upgrade planning, and data center/AI infrastructure evaluation.
CEO Lambrecht says company remains focused on completing transaction and will provide further updates.

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