1606 CORP. 8-K

What Happened

• On February 17, 2026, 1606 Corp. (ticker: CBDW), a Nevada corporation, filed an 8-K under Regulation FD and issued a press release announcing that it has entered into a non‑binding term sheet for the proposed acquisition of a power generation facility, a climate‑controlled data‑center ready facility, and related property located in Lufkin, Texas.
• The company described the press release as summary information and stated the furnishing is not an admission as to the materiality of any information; no purchase price or binding terms were disclosed in the filing.

Key Details

• Filing date: February 17, 2026 (8-K, Item 7.01 Regulation FD Disclosure).
• Target assets: power generation facility, climate‑controlled data‑center ready facility, and related property in Lufkin, Texas.
• Agreement status: non‑binding term sheet (proposed acquisition; not a completed transaction).
• Disclosure: press release attached as Exhibit 99.1; no financial terms, closing timeline, or definitive agreement disclosed.

Why It Matters

• For investors, this signals a possible strategic move into power generation and data‑center infrastructure, which could affect future revenue or capital needs if the deal proceeds.
• Because the agreement is non‑binding and no financial terms were provided, there is currently no confirmed impact on 1606 Corp.’s financials. Investors should watch for further SEC filings or press releases that disclose definitive agreements, material terms, or any required financing.