SEC Comment Letter 0000000000-24-012138 to 1606 CORP. (CBDW) (CIK 0001877461) (CBDW)
1606 CORP. (CBDW) (CIK 0001877461)
Date: Oct. 31, 2024 · CIK: 0001877461 · Accession: 0000000000-24-012138
AI Filing Summary & Sentiment
File numbers found in text: 024-12466
Letter
October 31, 2024 Austen Lambrecht Chief Executive Officer 1606 Corp. 2425 E. Camelback Rd Suite 150 Phoenix, AZ 85016 Re:1606 Corp. Amendment No. 1 to Offering Statement on Form 1-A Filed October 18, 2024 File No. 024-12466 Dear Austen Lambrecht: We have reviewed your amended offering statement and have the following comment. Please respond to this letter by amending your offering statement and providing the requested information. If you do not believe a comment applies to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your offering statement and the information you provide in response to this letter, we may have additional comments. Unless we note otherwise, any references to prior comments are to comments in our August 15, 2024 letter. Amendment No. 1 to Offering Statement on Form 1-A Notes to the Financial Statements For the years ended December 31, 2023 and 2022 Note 7 - Commitments and Contingencies Employment Agreements, page F-26 1.We note your response to prior comment 3 confirming that Greg Lambrecht’s salary was accrued and unpaid, and not waived. As such, please clarify your disclosure stating that he agreed to waive his right to payment of any amounts due but unpaid under his employment contract.
October 31, 2024 Page 2 Please contact Melissa Walsh at 202-551-3224 or Stephen Krikorian at 202-551-3488 if you have questions regarding comments on the financial statements and related matters. Please contact Aliya Ishmukhamedova at 202-551-7519 or Jeff Kauten at 202-551- 3447 with any other questions. Sincerely, Division of Corporation Finance Office of Technology cc:Brian Higley, Esq.
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October 31, 2024
Austen Lambrecht
Chief Executive Officer
1606 Corp.
2425 E. Camelback Rd Suite 150
Phoenix, AZ 85016
Re:1606 Corp.
Amendment No. 1 to Offering Statement on Form 1-A
Filed October 18, 2024
File No. 024-12466
Dear Austen Lambrecht:
We have reviewed your amended offering statement and have the following comment.
Please respond to this letter by amending your offering statement and providing the
requested information. If you do not believe a comment applies to your facts and
circumstances or do not believe an amendment is appropriate, please tell us why in your
response.
After reviewing any amendment to your offering statement and the information you
provide in response to this letter, we may have additional comments. Unless we note
otherwise, any references to prior comments are to comments in our August 15, 2024 letter.
Amendment No. 1 to Offering Statement on Form 1-A
Notes to the Financial Statements
For the years ended December 31, 2023 and 2022
Note 7 - Commitments and Contingencies
Employment Agreements, page F-26
1.We note your response to prior comment 3 confirming that Greg Lambrecht’s salary
was accrued and unpaid, and not waived. As such, please clarify your disclosure
stating that he agreed to waive his right to payment of any amounts due but unpaid
under his employment contract.
October 31, 2024
Page 2
Please contact Melissa Walsh at 202-551-3224 or Stephen Krikorian at 202-551-3488
if you have questions regarding comments on the financial statements and related
matters. Please contact Aliya Ishmukhamedova at 202-551-7519 or Jeff Kauten at 202-551-
3447 with any other questions.
Sincerely,
Division of Corporation Finance
Office of Technology
cc:Brian Higley, Esq.