1606 Corp.: provides update on East Texas energy and data center project

What happened

• 1606 Corp. filed a Form 8-K reporting that on Oct 6, 2026 the company issued a press release providing an update on its East Texas energy and data center project following a 1-week period of meetings and site visits with multiple groups.
• The press release described site visits by representatives of prospective financing groups, data center operators, potential power offtakers, and engineering and infrastructure groups and summarized discussions held during those visits.

Key details

• Discussions addressed several potential transaction structures, including acquisition of the property and project rights; financing of the acquisition and recommissioning of the existing biomass generation facility; power offtake arrangements; and potential joint venture structures for development and operation of data center infrastructure at the site.
• The company stated it is evaluating multiple paths for the project, including potential outright acquisition structures, financing alternatives, strategic partnerships, joint ventures and power offtake arrangements, and that no particular alternative has been selected.
• The press release contains forward-looking statements and notes that, because the company’s common stock is considered a “penny stock,” the safe harbor for forward-looking statements under the Private Securities Litigation Reform Act of 1995 is not available.

Why it may matter

• Item 7.01 (regulation FD disclosure) was reported; this item covers public disclosure of the press release and summary information about the project, including the parties that visited the site, topics discussed, and the range of potential transaction structures under consideration.
• The filing does not show why the insider traded or why the company acted.