---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-078760"
form_type: "8-K"
ticker: "USAR"
cik: "0001970622"
company_name: "USA Rare Earth, Inc."
filed_at: "2026-07-16T21:00:39+00:00"
generated_at: "2026-07-16T21:02:22.963382+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# USAR amends SVRE merger; offtake condition added; pro forma shows 126.8M shares, $300M cash, $1.5B PIPE

## Summary
- Amendment No. 1 adds condition that offtake agreement be in full force and effect at closing; long-stop date extended to Aug 14, 2026.
- Offtake agreement: 100% of phase one production from Pela Ema project, floor pricing, 70/30 profit split above floor.
- Pro forma: USAR to issue 126.8M shares and pay $300M for SVRE; private placement of 69.8M shares at $21.50 for ~$1.5B.
- DFC Retained Finance: up to $565M, $325M drawn; incremental $100M loan closed June 4, 2026, with DFC warrants for 12% equity.
- DOC financing: SIA Shares and warrant issued; deferred financing cost $277M, warrant liability $430.9M.

## SEC filing metadata
- accession: 0001213900-26-078760
- form_type: 8-K
- ticker: USAR
- cik: 0001970622
- company_name: USA Rare Earth, Inc.
- filed_at: 2026-07-16T21:00:39+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1970622/000121390026078760/0001213900-26-078760-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1970622/000121390026078760/ea0296752-8k_usarare.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-078760
- JSON: https://secwatch.observer/filing/0001213900-26-078760.json
- Plain text: https://secwatch.observer/filing/0001213900-26-078760.txt

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