MineralRite Corp (RITE)

[Ribo]

Effectiveness is automatic 60 days after the initial filing date.

Effective means $RITE is now Sec Reporting, 60 days after the initial filing, no reset for amendments.

Even if the SEC has not completed a review or issued a declaration of effectiveness.

For registration statements filed on SEC Form 10-12G under Section 12(g) of the Exchange Act, effectiveness is automatic 60 days after the initial filing date.
This means that a company filing a Form 10-12G to register a class of equity securities will become subject to the reporting requirements of the Exchange Act (including filing Form 10-Q, 10-K, and 8-K reports) 60 days after the initial filing, even if the SEC has not completed a review or issued a declaration of effectiveness.

Question 116.04
Question: Can a company that files a Section 12(g) registration statement on Form 10, Form 20-F, or Form 8-A delay the effectiveness of the registration statement to a date after the 60-day period specified in Section 12(g)?

Answer: No. A registration statement on Form 10, Form 20-F, or Form 8-A to register a class of equity securities under Section 12(g) becomes automatically effective 60 days after the date of filing. A company cannot seek to delay the automatic effectiveness of such registration statement. The only way to delay or prevent effectiveness is to withdraw the Section 12(g) registration statement before the effective date. Such a withdrawal, however, is not permitted for a company that is required to register a class of equity securities under Section 12(g). [September 30, 2008]

Question 116.05
Question: Can a company withdraw a Section 12(g) registration statement before it becomes effective?

Answer: Yes. A company can withdraw a Section 12(g) registration statement prior to the date of effectiveness. If the last day before the registration statement becomes automatically effective pursuant to Section 12(g) falls on a non-business day, however, the company cannot rely on Exchange Act Rule 0-3 to submit the withdrawal request on the first business day following. The withdrawal request must be filed with the Commission before the date of effectiveness. [September 30, 2008]

https://www.sec.gov/about/exchange-act-sections