1606 CORP

Market Movers (8-K)

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1606 Corp. reports significant interest and site visits for its East Texas energy and data center project, with multiple parties evaluating various transaction structures.
Capital raise
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1606 Corp. and Sim Agro Inc. have mutually terminated their Agreement and Plan of Stock Exchange, abandoning the previously announced acquisition.
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1606 Corp. announced a non-binding Letter of Intent with Prime Tex Group, USA, to evaluate a potential acquisition of rights to a 132-acre biomass power and data center development property in Lufkin, Texas.
Delay expected
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1606 Corp. has executed a non-binding Letter of Intent with EthosEnergy O&M for operations and maintenance of its 55 MW Lufkin power facility, contingent on acquisition completion.
Delay expected
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1606 Corp. provides an update on its Lufkin power campus acquisition, detailing progress in commercialization efforts, plant recommissioning planning, and ongoing acquisition efforts, while acknowledging the critical need for secured financing.
Delay expected
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1606 Corp. has entered into a strategic agreement with MDM Group LLC to market its 132-acre East Texas power campus to AI infrastructure operators and strategic buyers.

Quarterly Earnings (10-Q)

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1606 Corp. reports no revenue for the quarter ended June 30, 2026, with significant net losses and ongoing going concern issues, despite a strategic shift towards power infrastructure.
Worse than expected
Delay expected
Capital raise
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1606 Corp. reports a net loss of $1.07 million for Q1 2026 while shifting its strategic focus from AI chatbots to power generation and data center infrastructure.
Worse than expected
Delay expected
Capital raise
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1606 Corp. reports continued net losses and a going concern warning for Q3 2025, shifting fully to AI chatbot development after exiting CBD product sales.
Worse than expected
Capital raise
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1606 Corp. reported no revenue for the second quarter of 2025, with net losses continuing amidst significant liquidity concerns and internal control weaknesses.
Worse than expected
Capital raise
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1606 Corp. reported no revenue for Q1 2025 and a net loss of $208,339, as the company continues to focus on developing and commercializing its AI chatbot technology.
Worse than expected
Capital raise
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1606 Corp. reported a significant increase in net loss for the third quarter of 2024, driven by higher operating expenses, while focusing on the development and commercialization of its AI chatbot technology.
Worse than expected
Capital raise

Annual Reports (10-K)

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1606 Corp. pivots from AI chatbots to power infrastructure and data centers, announcing a major Texas acquisition while grappling with significant financing challenges and a going concern warning.
Delay expected
Worse than expected
Capital raise
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1606 Corp. reported a significant increase in net loss for 2024, driven by higher operating expenses, as the company transitions its focus to AI chatbot technology.
Worse than expected
Capital raise
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1606 Corp. shifts its business focus to AI chatbots for the CBD industry after discontinuing its hemp cigarette business, reporting a net loss of $1.58 million for 2023.
Worse than expected
Capital raise

New Public Companies (S-1)

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1606 Corp. filed an S-1 registration statement for the resale of 204.7 million common shares by GHS Investments LLC, highlighting its pivot to AI chatbots amidst ongoing financial losses and a going concern warning.
Worse than expected
Capital raise
Delay expected
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1606 Corp. has filed an amended registration statement for the resale of up to 29,876,884 shares of its common stock by a selling stockholder.
Worse than expected
Capital raise
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1606 Corp. has filed a registration statement for the resale of up to 29,876,884 shares of its common stock by the selling stockholder, GHS Investments LLC, following an equity financing agreement.
Worse than expected
Capital raise
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1606 Corp has filed an S-1 registration statement for the resale of up to 11,503,346 shares of its common stock by the selling stockholder, GHS Investments LLC.
Worse than expected
Capital raise

Schedule 13G - Passive Investments

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Greg Paul Lambrecht has filed a Schedule 13G disclosing beneficial ownership of 76,000,000 shares of 1606 Corp common stock.