---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-065498"
form_type: "8-K"
ticker: "USAR"
cik: "0001970622"
company_name: "USA Rare Earth, Inc."
filed_at: "2026-06-05T11:52:14+00:00"
generated_at: "2026-06-05T11:55:49.366720+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "medium"
source: SEC EDGAR
---

# USAR files pro forma statements for SVRE merger; notes $300M cash+127M shares, $1.5B PIPE, $1.6B DOC deal

## Summary
- Merger consideration: $300M cash + 126.8M shares of USAR common stock for SVRE; pro forma financials filed.
- Private Placement closed Jan 28, 2026: $1.5B gross proceeds at $21.50/share.
- DFC Retained Finance up to $565M ($325M drawn); DOC Definitive Agreements for $1.6B ($277M grant + $1.3B debt) signed June 3, 2026.
- Offtake Agreement for 100% of phase one rare earth output, 70/30 profit split, 20-year term.
- Earnout shares: 5.05M issued Apr 2026 (stock >$15) and 5.05M May 2026 (>$20).

## SEC filing metadata
- accession: 0001213900-26-065498
- form_type: 8-K
- ticker: USAR
- cik: 0001970622
- company_name: USA Rare Earth, Inc.
- filed_at: 2026-06-05T11:52:14+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: medium
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1970622/000121390026065498/0001213900-26-065498-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1970622/000121390026065498/ea0292697-8k_usarare.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-065498
- JSON: https://secwatch.observer/filing/0001213900-26-065498.json
- Plain text: https://secwatch.observer/filing/0001213900-26-065498.txt

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