Form 8-K Filing by 1606 Corp.
1606 Corp. announced on September 16, 2026, that it has entered into a non-binding Letter of Intent (LOI) with Prime Tex Group, USA. The LOI concerns Prime Tex's potential acquisition or assignment of the Company's rights related to a 132-acre biomass power and data center development property in Lufkin, Texas. The LOI is non-binding, non-exclusive, and does not create any legal obligations. Any transaction is contingent upon due diligence, further negotiation, and the execution of definitive agreements. The LOI expires on December 31, 2026, unless extended. The company is not restricted from exploring other strategic alternatives for the project. The press release includes forward-looking statements, with a cautionary note that the safe harbor for such statements may not be available due to the company's "penny stock" status.