On September 8, 2026, 1606 Corp. announced it executed a non-binding Letter of Intent with EthosEnergy Power Operations (West), LLC to provide operations and maintenance services for its approximately 55 MW biomass power facility in Lufkin, Texas. This agreement follows the company's engagement of EthosEnergy to support the planned recommissioning of the asset upon completion of its proposed acquisition under an existing purchase and sale agreement scheduled no later than October 31, 2026. The filing also clarified that management has not determined to pursue any specific corporate actions, including a reverse stock split, at this time. 1606 Corp. operates in the infrastructure sector, focusing on acquiring and developing energy assets and powered real estate to support AI data centers and high-performance computing.
