$CBDW 1606 Corp. Engages Moody Capital Solutions as Placement Agent
https://www.accessnewswire.com/newsroom/en/co...nt-1148769
PHOENIX, AZ / ACCESS Newswire / March 18, 2026 / 1606 Corp. (the "Company"
today announced that it has entered into an engagement agreement with Moody Capital Solutions, Inc. member FINRA/SIPC ("Moody Capital" to act as the Company's sole exclusive placement agent and/or financial advisor.
As previously disclosed, the Company has signed a PSA to acquire a 55-megawatt power generation facility and a 50,000 square-foot climate-controlled, data center-ready infrastructure site located on approximately 132 acres in Texas. The transaction is designed to support Data-Centers and AI-related infrastructure and remains subject to the execution of customary closing conditions.
Under the terms of the engagement, which commenced on February 18, 2026, Moody Capital will advise the Company on capital markets and financing matters through December 31, 2026.
"We believe this engagement positions the Company to efficiently access the capital markets as we advance our strategic initiatives," said Austen Lambrecht, Chief Executive Officer of 1606 Corp. "Moody Capital's capital markets and advisory expertise will support our corporate development and strategic planning objectives."
The engagement includes customary cash and equity-based compensation tied to the successful completion of financings, as well as reimbursement of certain out-of-pocket expenses.
https://www.accessnewswire.com/newsroom/en/co...nt-1148769
PHOENIX, AZ / ACCESS Newswire / March 18, 2026 / 1606 Corp. (the "Company"
today announced that it has entered into an engagement agreement with Moody Capital Solutions, Inc. member FINRA/SIPC ("Moody Capital" to act as the Company's sole exclusive placement agent and/or financial advisor. As previously disclosed, the Company has signed a PSA to acquire a 55-megawatt power generation facility and a 50,000 square-foot climate-controlled, data center-ready infrastructure site located on approximately 132 acres in Texas. The transaction is designed to support Data-Centers and AI-related infrastructure and remains subject to the execution of customary closing conditions.
Under the terms of the engagement, which commenced on February 18, 2026, Moody Capital will advise the Company on capital markets and financing matters through December 31, 2026.
"We believe this engagement positions the Company to efficiently access the capital markets as we advance our strategic initiatives," said Austen Lambrecht, Chief Executive Officer of 1606 Corp. "Moody Capital's capital markets and advisory expertise will support our corporate development and strategic planning objectives."
The engagement includes customary cash and equity-based compensation tied to the successful completion of financings, as well as reimbursement of certain out-of-pocket expenses.
