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1606 Corp. issued an Amended and Restated Promissory Note to former CEO Gregory Lambrecht for principal of $1,885,050, effective and maturing December 31, 2025, bearing 10% annual interest and convertible into common stock at a 25% discount to the closing bid price, subject to a 9.99% beneficial ownership limitation. This replaces a prior note and creates a direct financial obligation.
Event Type
Disclosure
Mandatory
Variant
8-K
. Entry into a Material Definitive Agreement. On November 1, 2024, 1606 Corp., a Nevada corporation (the “ Company ”), issued to Gregory Lambrecht, the Company’
. Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 4.1 Amended and Restated Promissory Note Issued to Gregory Lambrecht dated
Material Agreement
Debt / Financing