---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-039439"
form_type: "8-K"
ticker: "USAR"
cik: "0001970622"
company_name: "USA Rare Earth, Inc."
filed_at: "2025-05-05T23:59:59+00:00"
generated_at: "2026-05-22T19:27:22.106494+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# USA Rare Earth closes $75M PIPE; issues shares and warrants, Series A conversion price reduced to $7

## Summary
- Closed $75M PIPE with single institutional investor; issued 8.55M shares, 2.16M pre-funded warrants, 10.71M warrants at $7 exercise price.
- Proceeds to fund capital expenditures for Stillwater magnet manufacturing facility plus working capital.
- Existing $12 warrants modified to $7 exercise price via waivers; Series A Preferred conversion price also reduced to $7 per share.
- Warrants require stockholder approval for exercise; majority voting power holders signed support agreements.
- Cantor Fitzgerald & Co. led placement agents; securities sold in unregistered private placement.

## SEC filing metadata
- accession: 0001213900-25-039439
- form_type: 8-K
- ticker: USAR
- cik: 0001970622
- company_name: USA Rare Earth, Inc.
- filed_at: 2025-05-05T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 5.03, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1970622/000121390025039439/0001213900-25-039439-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1970622/000121390025039439/ea0240841-8k_usarare.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-039439
- JSON: https://secwatch.observer/filing/0001213900-25-039439.json
- Plain text: https://secwatch.observer/filing/0001213900-25-039439.txt

## Key facts
- Governance Changes
  USA Rare Earth, Inc.: Amended Certificate of Designation to reduce the conversion price of Series A Preferred Stock to $7.00 upon consummation of the Private Placement (effective 2025-05-01).
  - Change: charter amendment
  - Effective: 2025-05-01
  source text: On May 1, 2025, in connection with the Private Placement, and following approval of the board of directors of the Company and the required holders of the Company’s 12.0% Series A Cumulative Convertible Preferred Stock (the “ Series A Preferred Stock ”), the Company adopted and filed with the Secretary of State of the State of Delaware, a certificate of amendment (the “ Certificate of Amendment ”) to the Company’s Certificate of Designation of Preferences, Rights and Limitations of 12.0% Series A Cumulative Convertible Preferred Stock (the “ Certificate of Designation ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1970622/000121390025039439/0001213900-25-039439-index.htm

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