1606 CORP. (CBDW) Form 8-K — Jul 24, 2026
$CBDWForm 8-KItems 1.01, 2.03, 5.02, 9.01Filed Jul 24, 2026, 5:00 PM ET0001477932-26-004503Original filing
1606 Corp. entered into an Addendum to an Amended and Restated Promissory Note with former CEO Gregory Lambrecht, extending the maturity date to December 31, 2026. The outstanding principal balance of the note as of March 31, 2026, was approximately $2.04 million. The amendment significantly alters the conversion terms, allowing the holder to convert principal and accrued interest into common stock at a 50% discount to the closing bid price on the date of conversion.
Key figures
- Debt Amount
- $2,037,184.36
- Maturity Date
- December 31, 2026
- Ownership limit
- 9.99%
- Conversion discount
- 50%
AI analysis
Red flags3 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.