SinglePoint, Inc. (OTCPK:SING) agreed to spin-off 1606 CORP. to the shareholders of SinglePoint, Inc. on January 7, 2021. The distribution ratio for the transaction is 1:1. As of March 26, 2021, SinglePoint Inc has effected a 1-for-75 reverse split of its issued and outstanding shares of common stock. Shares of SinglePoint's common stock will begin trading on a split-adjusted basis under the ticker symbol "SINGD" on the OTC on March 26, 2021 for a period of 20 trading days, after which the ticker symbol will revert to "SING". Upon successful completion of the spin-off, Greg Lambrecht will become Chief Executive Officer of 1606 CORP. Mr. Lambrecht is currently the Chief Executive Officer of SinglePoint and supports all of its businesses. It is planned that Wil Ralston (President) will move to Chief Executive Officer of SinglePoint and the current Chief Financial Officer , Corey Lambrecht, will move to President and the Company will bring in a new Chief Financial Officer