{"schema_version":"secwatch.filing_event.v1","accession":"0001477932-26-004503","form_type":"8-K","ticker":"CBDW","cik":"0001877461","company_name":"1606 CORP.","filed_at":"2026-07-24T21:00:39+00:00","discovered_at":"2026-07-24T21:02:00.296510+00:00","generated_at":"2026-07-24T21:02:28.670055+00:00","sec_items":["1.01","2.03","5.02","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"1606 Corp. amends promissory note with 50% discount conversion; director resigns","bullets":["Extended maturity of $2.04M promissory note to Dec 31, 2026; conversion price set at 50% discount to closing bid price.","Holder (former CEO Gregory Lambrecht) can convert principal and accrued interest into common stock, subject to 9.99% beneficial ownership cap.","Director Venu Aravamudan resigned effective July 21, 2026; no disagreement with company; board reduced to two members, vacancy unfilled."],"urls":{"canonical":"https://secwatch.observer/filing/0001477932-26-004503","json":"https://secwatch.observer/filing/0001477932-26-004503.json","markdown":"https://secwatch.observer/filing/0001477932-26-004503.md","text":"https://secwatch.observer/filing/0001477932-26-004503.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1877461/000147793226004503/0001477932-26-004503-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1877461/000147793226004503/cbdw_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-07-24T21:02:28.670055+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}