This is a preliminary, non-binding expression of interest with no financial terms or definitive agreement. Traders should view this as a low-probability exploratory step. Monitor for any subsequent definitive agreement, expiration of the LOI on December 31, 2026, or updates on the company's ability to close its own PSA for the property by October 31, 2026.
Price Chart
Executive Summary
1606 Corp. announced a non-binding Letter of Intent with Prime Tex Group, USA, regarding Prime Tex's preliminary interest in evaluating a potential acquisition or assignment of 1606's contractual rights to a 132-acre biomass power and data center development property in Lufkin, Texas. The LOI is non-binding, non-exclusive, expires December 31, 2026, and does not obligate either party to proceed. This is a preliminary exploratory step with no definitive agreement or financial terms disclosed, and the company continues to evaluate other strategic alternatives for the project.
Key Facts
- 1606 Corp. entered a non-binding LOI with Prime Tex Group, USA, dated September 6, 2026.
- The LOI covers Prime Tex's preliminary interest in acquiring or being assigned 1606's contractual rights to a ~132-acre biomass power and data center development property in Lufkin, Texas.
- The LOI is non-binding, non-exclusive, and expires on December 31, 2026, unless extended.
- Any potential transaction is subject to due diligence, further negotiation, and execution of definitive agreements.
- 1606 Corp. remains free to evaluate other strategic alternatives for the project.
- The company's current PSA closing deadline for the property is October 31, 2026, and the acquisition is subject to financing and resolution of pending litigation.
- No financial terms, deal value, or pricing were disclosed in the filing.
Financial Impact
No financial figures disclosed. The LOI is non-binding and does not establish any transaction value.
Risk Factors
- The LOI is non-binding and can be terminated by either party at any time without liability.
- No assurance that due diligence will result in a definitive agreement or that any transaction will be completed.
- The company's own acquisition of the property under the PSA is subject to financing, pending litigation, and an October 31, 2026 closing deadline.
- The company's common stock is considered a penny stock, and the safe harbor for forward-looking statements is not available.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001477932-26-005633 |
| Document: cbdw_ex991.htm | 0001477932-26-005633 |
| Document: 0001477932-26-005633-index-headers.html | 0001477932-26-005633 |
| Document: 0001477932-26-005633-index.html | 0001477932-26-005633 |
| Document: 0001477932-26-005633.txt | 0001477932-26-005633 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 6, 2026 21d ago | 8-K | $0.000200 | awaiting T+60 | — | $0.00010000 (−50.00%) |
Oct 2, 2026 25d ago | 8-K | $0.000200 | awaiting T+60 | — | $0.00010000 (−50.00%) |
Sep 16, 2026 5w ago | 8-K | $0.000200 | awaiting T+60 | — | $0.00010000 (−50.00%) |
Aug 25, 2026 9w ago | 8-K | $0.000200 | awaiting T+60 | — | $0.00010000 (−50.00%) |
Aug 11, 2026 11w ago | 8-K | $0.000200 | awaiting T+60 | — | $0.00010000 (−50.00%) |
Jul 24, 2026 13w ago | 8-K | $0.000200 $0.000200 | · 0.00% | ▲ +4.47% | $0.00010000 (+50.00%) |
Jun 2, 2026 21w ago | 8-K | $0.001000 $0.000200 | ▼ −83.00% | ▼ −84.78% | $0.00010000 (−90.00%) |
May 4, 2026 25w ago | 8-K | $0.001000 $0.000200 | ▼ −80.00% | ▼ −83.56% | $0.00010000 (−90.00%) |
Apr 23, 2026 26w ago | EFFECT | $0.001000 $0.000300 | ▼ −70.00% | ▼ −75.89% | $0.00010000 (−90.00%) |
Mar 18, 2026 31w ago | 8-K | $0.001000 $0.000500 | ▼ −50.00% | ▼ −62.45% | $0.00010000 (−90.00%) |
US Market Status
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