1606 Corp. Extends Property Acquisition Closing to May 22

1606 Corp. and Jefferson Enterprise Energy, LLC entered into the First Amendment to their Purchase and Sale Agreement, extending the closing date for the acquisition of real property and related assets in Texas. The new closing date is May 22, 2026, pushed back from April 15, 2026. The total purchase price of $11,168,864 remains the same, however, the $250,000 previously deposited as earnest money is now a non-refundable extension fee and will not be credited towards the purchase price, representing an additional cost for 1606 Corp.