1606 Corp. amended its purchase agreement for Texas real estate assets, extending the closing date to May 22, 2026, and forfeiting a $250,000 deposit as a non-refundable fee.
Key takeaways
The closing date for the asset purchase was extended from April 15, 2026, to May 22, 2026.
The $250,000 earnest money deposit is now a non-refundable extension fee and will not be credited against the purchase price.
The total purchase price of $11,168,864 for the Angelina County, Texas assets remains unchanged.
The company must provide financial verification to the seller upon written request until closing.
The amendment was executed on April 13, 2026, between 1606 Corp. and Jefferson Enterprise Energy, LLC.