1606 CORP. amended Second Amendment to Purchase and Sale Agreement with Jefferson Enterprise Energy, LLC valued at $11,168,864 (effective 2026-05-27).
“On May 27, 2026, 1606 Corp., a Nevada corporation (the " Company "), and Jefferson Enterprise Energy, LLC, a Texas limited liability company (" Seller "), entered into the Second Amendment to Purchase and Sale Agreement (the " Second Amendment "), further amending that certain Purchase and Sale Agreement effective as of March 12, 2026 (as previously amended by the First Amendment dated April 13, 2026, the " Agreement "), relating to the Company's purchase of certain real property and related assets located in Angelina County, Texas.”
Material Agreements
1606 CORP. entered into Agreement and Plan of Stock Exchange with Sim Agro Inc. (effective 2026-05-02).
“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.”
Material Agreements
1606 CORP. amended First Amendment to Purchase and Sale Agreement with Jefferson Enterprise Energy, LLC (effective 2026-04-13).
“On April 13, 2026, 1606 Corp., a Nevada corporation (the " Company "), and Jefferson Enterprise Energy, LLC, a Texas limited liability company (" Seller "), entered into the First Amendment to Purchase and Sale Agreement (the " First Amendment "), amending that certain Purchase and Sale Agreement effective as of March 12, 2026 (the " Agreement "), relating to the Company's purchase of certain real property and related assets located in Angelina County, Texas.”
Debt Financings
1606 CORP. incurred convertible notes of $1,885,050 with Gregory Lambrecht maturing December 31, 2025.
“on March 17, 2026 the board of directors of the Company approved the issuance to Mr. Lambrecht (the “ Holder ”) an Amended and Restated Promissory Note in the principal amount of $1,885,050 (the “ Note ”). The Note is issued effective December 31, 2025, matures December 31, 2025”
Material Agreements
1606 CORP. entered into Purchase and Sale Agreement with Jefferson Enterprise Energy, LLC valued at $11,168,864 (effective 2026-03-12).
“On March 12, 2026, 1606 Corp., a Nevada corporation (the " Company "), entered into a Purchase and Sale Agreement (the " Agreement ") with Jefferson Enterprise Energy, LLC, a Texas limited liability company (" Seller "), pursuant to which the Company agreed to purchase certain real property located in Angelina County, Texas, including land, improvements, equipment, permits, warranties and related documents (collectively, the " Property "). The total purchase price for the Property is $11,168,864, consisting of (i) $7,000,000 in cash payable at closing and (ii) the Company's assumption of a mechanic's and materialman's lien recorded as Instrument No. 2025-00458298 in the Official Public Records of Angelina County, Texas (the " Sim Agro Lien ").”
Austen Lambrecht was appointed as Chief Executive Officer, Chief Financial Officer, and Chairman of the Board at 1606 CORP..
“Effective May 28, 2024, the Board of Directors of the Company (with Austen Lambrecht abstaining) appointed Austen Lambrecht, age 26, as Chief Executive Officer (Principal Executive Officer), Chief Financial Officer (Principal Financial and Accounting Officer), and Chairman of the Board of the Company.”
Gregory Lambrecht resigned as Chief Executive Officer, Chief Financial Officer, and Chairman of the Board at 1606 CORP..
“Effective May 28, 2024, Gregory Lambrecht resigned as the Chief Executive Officer, Chief Financial Officer, and Chairman of the Board of 1606 Corp., a Nevada corporation (the “ Company ”).”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.