1606 Corp advances Lufkin 55MW biomass acquisition; MDM marketing, recommissioning plan, closing by Oct 31

1606 CORP.

Engaged MDM Group LLC to market Lufkin site to off-takers, AI/HPC operators, strategic partners, or purchasers.
Engaged unnamed power-generation services company for operation/recommissioning of 55 MW biomass facility.
Acquisition closing targeted on/before Oct 31, 2026; extended multiple times; financing not yet secured.
Paid substantial non-refundable amounts under purchase agreement that will be forfeited if acquisition fails.
Filed latest quarterly report with SEC; maintains reporting obligations.

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