1606 Corp. Negotiates Financing to Finalize Acquisition of Power Brands

1606 Corp. announced on Wednesday that it is moving forward with its acquisition of Power Brands, as the company enters advanced discussions to secure the necessary financing for the transaction. The company confirmed that it is currently negotiating the capital structure required to finalize the deal, marking a significant step in its efforts to integrate the beverage brand into its operations.

Management stated that these ongoing financial talks represent a critical phase in the acquisition process. The company intends to utilize the capital to complete the purchase agreement and support the subsequent integration of Power Brands’ assets. While the firm continues to navigate the terms of the financing, it maintains that the acquisition remains a primary objective for its current growth strategy. 1606 Corp. did not disclose specific financial terms or a projected closing date for the transaction at this time.

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Date: June 3, 2026

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GOAI