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MINERALRITE Corp (RITE) Form 8-K — May 27, 2026

$RITEForm 8-KItems 4.02, 7.01, 8.01, 9.01Filed May 27, 2026, 4:02 PM ET0001539497-26-001594Original filing

MineralRite Corporation (OTC: RITE) announced a material restatement of its financial statements following an SEC review of its acquisition of Peeples Inc. and California Precious Metals LLC. The company revised its accounting treatment from a business combination to an asset acquisition, resulting in a $186 million reduction in the carrying value of acquired assets, from $432 million to $246 million. The filing indicates that previously issued annual and quarterly reports should no longer be relied upon, with amended reports filed to reflect the new valuation methodology.

Key figures

Revised asset value usd
246000000
Previous asset value usd
432000000
Asset value reduction usd
186000000

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