---
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"
generated_at: "2026-10-12T14:36:51.312697+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# MineralRite repurchases 3.9M Series NMC preferred, caps $269M sinking fund; avoids ~2B common share dilution

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 5.07, 7.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001539497-26-002634
- JSON: https://secwatch.observer/filing/0001539497-26-002634.json
- Plain text: https://secwatch.observer/filing/0001539497-26-002634.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.