{"filing":{"accession_number":"0001477932-26-004503","cik":"0001877461","ticker":"CBDW","company_name":"1606 CORP.","form":"8-K","filing_date":"2026-07-24","report_date":"2026-07-22","primary_document":"cbdw_8k.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1877461/000147793226004503/cbdw_8k.htm"},"events":[{"id":20529,"run_id":18471,"accession_number":"0001477932-26-004503","anchor_item_number":"2.03","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"summary":"The Company entered into an Addendum to an existing Promissory Note with Gregory Lambrecht (former CEO), materially amending the debt instrument's terms including extension of maturity to December 31, 2026, conversion provisions at a 50% discount to market price, and tacking-back provisions under Rule 144. The outstanding principal balance of $2,037,184.36 and the dilutive conversion features constitute a material modification of a direct financial obligation.","company_name":"1606 CORP.","ticker":"CBDW","filing_date":"2026-07-24","form":"8-K","submitted_at":null,"items":[{"id":19903,"accession_number":"0001477932-26-004503","item_number":"1.01","item_title":"Entry into a Material Definitive Agreement.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.75,"reasoning":"The Company entered into an Addendum to an existing Promissory Note with Gregory Lambrecht (former CEO), materially amending the debt instrument's terms including extension of maturity to December 31, 2026, conversion provisions at a 50% discount to market price, and tacking-back provisions under Rule 144. While this is technically an amendment to existing debt rather than a new issuance, the substantial restructuring of conversion rights and maturity terms constitutes a material modification of a direct financial obligation. The outstanding principal balance of $2,037,184.36 and the dilutive conversion features (50% discount) make this material to investors.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-24T21:03:41.369454+00:00","company_name":"","ticker":null,"filing_date":""},{"id":19904,"accession_number":"0001477932-26-004503","item_number":"2.03","item_title":"Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"Item 2.03 explicitly addresses creation of a direct financial obligation. The filing incorporates Item 1.01 by reference, which typically covers material acquisitions, dispositions, or related financing arrangements. The disclosure of a new direct financial obligation constitutes a debt issuance or credit facility event material to investors assessing the registrant's capital structure and financial obligations.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-24T21:03:41.369454+00:00","company_name":"","ticker":null,"filing_date":""}]},{"id":20530,"run_id":18471,"accession_number":"0001477932-26-004503","anchor_item_number":"5.02","event_type":"exec_departure","event_domain":"governance","is_material":true,"confidence":0.95,"summary":"Venu Aravamudan resigned as a member of the Board effective immediately on July 21, 2026. The Board accepted the resignation and reduced the authorized number of directors from three to two.","company_name":"1606 CORP.","ticker":"CBDW","filing_date":"2026-07-24","form":"8-K","submitted_at":null,"items":[{"id":19905,"accession_number":"0001477932-26-004503","item_number":"5.02","item_title":"Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.","event_type":"exec_departure","event_domain":"governance","is_material":true,"confidence":0.95,"reasoning":"Venu Aravamudan resigned as a member of the Board effective immediately on July 21, 2026. The Board accepted the resignation and reduced the authorized number of directors from three to two. This is a clear departure of a director with no disagreement disclosed, making it a straightforward executive departure event material to investors assessing board composition and governance.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-24T21:03:41.369454+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":19903,"accession_number":"0001477932-26-004503","item_number":"1.01","item_title":"Entry into a Material Definitive Agreement.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.75,"reasoning":"The Company entered into an Addendum to an existing Promissory Note with Gregory Lambrecht (former CEO), materially amending the debt instrument's terms including extension of maturity to December 31, 2026, conversion provisions at a 50% discount to market price, and tacking-back provisions under Rule 144. While this is technically an amendment to existing debt rather than a new issuance, the substantial restructuring of conversion rights and maturity terms constitutes a material modification of a direct financial obligation. The outstanding principal balance of $2,037,184.36 and the dilutive conversion features (50% discount) make this material to investors.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-24T21:03:41.369454+00:00","company_name":"1606 CORP.","ticker":"CBDW","filing_date":"2026-07-24"},{"id":19904,"accession_number":"0001477932-26-004503","item_number":"2.03","item_title":"Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"Item 2.03 explicitly addresses creation of a direct financial obligation. The filing incorporates Item 1.01 by reference, which typically covers material acquisitions, dispositions, or related financing arrangements. The disclosure of a new direct financial obligation constitutes a debt issuance or credit facility event material to investors assessing the registrant's capital structure and financial obligations.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-24T21:03:41.369454+00:00","company_name":"1606 CORP.","ticker":"CBDW","filing_date":"2026-07-24"},{"id":19905,"accession_number":"0001477932-26-004503","item_number":"5.02","item_title":"Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.","event_type":"exec_departure","event_domain":"governance","is_material":true,"confidence":0.95,"reasoning":"Venu Aravamudan resigned as a member of the Board effective immediately on July 21, 2026. The Board accepted the resignation and reduced the authorized number of directors from three to two. This is a clear departure of a director with no disagreement disclosed, making it a straightforward executive departure event material to investors assessing board composition and governance.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-24T21:03:41.369454+00:00","company_name":"1606 CORP.","ticker":"CBDW","filing_date":"2026-07-24"}]}