---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-068995"
form_type: "8-K"
ticker: "USAR"
cik: "0001970622"
company_name: "USA Rare Earth, Inc."
filed_at: "2024-08-14T23:59:59+00:00"
generated_at: "2026-05-31T09:27:49.955049+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# SPAC Inflection Point II secures $2.5M convertible note from CEO, cuts services fee

## Summary
- Issued convertible promissory note to CEO Michael Blitzer for up to $2.5M, non-interest bearing, due Nov 30, 2024.
- Up to $1.5M of note principal convertible into warrants at $1.00/warrant; each warrant exercisable at $11.50/share.
- Second Amendment reduces monthly services fee from $24,091 to $18,882.02, effective retroactively Apr 1, 2024.

## SEC filing metadata
- accession: 0001213900-24-068995
- form_type: 8-K
- ticker: USAR
- cik: 0001970622
- company_name: USA Rare Earth, Inc.
- filed_at: 2024-08-14T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1970622/000121390024068995/0001213900-24-068995-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1970622/000121390024068995/ea0211370-8k_inflec2.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-068995
- JSON: https://secwatch.observer/filing/0001213900-24-068995.json
- Plain text: https://secwatch.observer/filing/0001213900-24-068995.txt

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