Inflection Point II extends deadline to Aug 2025; 22.8M shares redeemed at ~$10.83

USA Rare Earth, Inc.

Shareholders approved extension of business combination deadline from Nov 30, 2024 to Aug 21, 2025.
22,794,651 Public Shares redeemed at ~$10.83 each; trust account reduced to ~$23.9M.
Sponsor converted 6.2M Class B shares into Class A shares; post-redemption Class A shares: 8,405,349.
Directors Erica Dorfman and Elliot Richmond re-elected with 18.3M for and 7.8M against.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

USA Rare Earth, Inc.: Amended charter to extend business combination deadline from November 30, 2024 to August 21, 2025 (effective 2024-11-18).

Change: charter amendment
Effective: 2024-11-18

Exact text from the filing

the Company filed the Extension Amendment with the Cayman Islands Registrar of Companies

View on SEC.gov

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USA Rare Earth, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-24-100239

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