secwatch.observer — SEC 8-K summary
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Issuer:     MINERALRITE Corp (RITE)
CIK:        0001096296
Form:       8-K
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0001539497-26-001343
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Abstract Concepts to acquire 6.9M preferred shares from NMC; voting capped at 45%
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- Abstract Concepts 1618 LLC to buy 6.9M Series NMC preferred shares and 6.9M warrants from NMC, Inc.
- Post-transaction, Abstract expected to own ~37% of RITE common stock on an as-converted basis.
- Company and Abstract enter Shareholder Control Limitation Agreement capping Abstract's voting power at 45%.
- Abstract prohibited from seeking control, including board representation or management influence.
- No new securities issued by MineralRite; terms privately negotiated and not disclosed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1096296/000153949726001343/0001539497-26-001343-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1096296/000153949726001343/n4863_x22-8k.htm
  HTML page:      https://secwatch.observer/filing/0001539497-26-001343

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