{"schema_version":"secwatch.filing_event.v1","accession":"0001539497-26-002634","form_type":"8-K","ticker":"RITE","cik":"0001096296","company_name":"MINERALRITE Corp","filed_at":"2026-10-02T20:15:24+00:00","discovered_at":"2026-10-02T20:17:00.266666+00:00","generated_at":"2026-10-12T14:36:51.312697+00:00","sec_items":["1.01","2.03","3.02","5.07","7.01","8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"MineralRite repurchases 3.9M Series NMC preferred, caps $269M sinking fund; avoids ~2B common share dilution","bullets":["Repurchased 3,919,388 Series NMC $25 convertible preferred from Abstract Concepts 1618 LLC for $106,724,942, paid via a non-interest-bearing promissory note.","Note was fully satisfied and cancelled at closing Sept 30, 2026 through royalty repurchases of $1,641,254 and $246,188 plus warrant exercises; no cash changed hands.","Abstract and Commodity exercised 6,900,000 Series NMC and 53,500 Series D warrants; after the deal 9,880,612 Series NMC shares are outstanding, all held by Abstract at 500 common per share.","Sinking-fund obligation permanently capped at $269,049,058.76 (~$27.23/share), down from ~$375.8M potential and eliminating 5%/yr accretion worth about $13.5M annually.","Series C holders approved charter amendments 8,735-0 (81.8% of 10,679 outstanding) on Sept 28, 2026; Restated Certificate to set Series D at 60,000 and Series NMC at 10,000,000 authorized shares."],"urls":{"canonical":"https://secwatch.observer/filing/0001539497-26-002634","json":"https://secwatch.observer/filing/0001539497-26-002634.json","markdown":"https://secwatch.observer/filing/0001539497-26-002634.md","text":"https://secwatch.observer/filing/0001539497-26-002634.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1096296/000153949726002634/0001539497-26-002634-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1096296/000153949726002634/n4863_x28-8k.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-12T14:36:51.312697+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}