Recent Updates — CBDW
1606 Corp. issued a press release updating stakeholders on its East Texas energy and data center project following site visits by prospective financing groups, data center operators, power offtakers, and engineering firms. The company is evaluating multiple transaction structures, including outright acquisition, joint ventures, strategic partnerships, and financing alternatives for the existing biomass generation facility. No specific path has been selected yet. 1606 Corp. operates in the energy infrastructure and artificial intelligence sectors.
On September 28, 2026, 1606 Corp. and Sim Agro Inc. mutually terminated their Agreement and Plan of Stock Exchange dated May 2, 2026, abandoning the proposed acquisition of a 51% stake in Sim Agro. The transaction was never consummated; no shares were issued, no consideration was paid, and no termination fees were incurred. The parties rescinded pre-closing documents, including a $422,322 promissory note (Debt Note), rendering them void ab initio. Sim Agro remains solely responsible for ENMAS EPC Power Projects Limited indebtedness and related liabilities, agreeing to indemnify 1606 against such claims. This filing discloses the collapse of a strategic merger deal in the energy infrastructure sector.
On September 16, 2026, 1606 Corp. announced it entered into 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 the Company’s contractual rights and interests relating to an approximately 132-acre biomass power and data center development property located in Lufkin, Texas. The LOI is non-exclusive, does not create any legally binding obligation to consummate a transaction, and expires on December 31, 2026 unless extended. Prime Tex intends to conduct due diligence on the Project, which includes an existing biomass power generation facility and related infrastructure that 1606 has been evaluating for redevelopment in connection with data center applications. The Company remains free to continue evaluating other strategic alternatives involving the Project while discussions proceed. 1606 Corp. operates in the energy infrastructure sector, focusing on opportunities at the intersection of energy infrastructure, artificial intelligence, and data center development.
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.
On August 25, 2026, 1606 Corp. issued a press release updating its planned acquisition of the approximately 132-acre East Texas (Lufkin) power campus, which features an existing 55 MW biomass generation facility. The company engaged MDM Group LLC to identify prospective off-takers and strategic partners for AI and high-performance computing operations while also hiring a services provider to support plant recommissioning. The acquisition closing is scheduled on or before October 31, 2026, but remains subject to securing financing that has not yet been obtained. Substantial non-refundable amounts paid under the purchase agreement will be forfeited if the deal fails. 1606 Corp. operates in the infrastructure and energy sector, focusing on developing powered land and data center opportunities.
On August 11, 2026, 1606 Corp. announced a strategic agreement with MDM Group LLC to market its planned approximately 132-acre East Texas (Lufkin) power campus. The facility features approximately 55 MW of behind-the-meter generation and an existing industrial site targeted for AI infrastructure development. MDM Group will identify prospective buyers, capacity off-takers, and joint venture partners under a success-fee-only arrangement with no upfront retainer. The company is evaluating pathways including long-term leases, strategic joint ventures, and additional financing. The Purchase and Sale Agreement extends through October 31, 2026. Pending litigation regarding tax and insurance suits is set for trial on August 17, 2026. 1606 Corp. operates in the energy and digital infrastructure sector, focusing on acquiring and developing power assets to support AI and high-performance computing demands.