---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-097399"
form_type: "8-K"
ticker: "USAR"
cik: "0001970622"
company_name: "USA Rare Earth, Inc."
filed_at: "2026-09-04T11:11:45+00:00"
generated_at: "2026-09-04T11:15:08.300547+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# USA Rare Earth completes $300M cash + 126.8M share merger with Serra Verde

## Summary
- Merger closed Sept 3, 2026: $300M cash + 126,849,307 USAR shares paid for Serra Verde.
- Serra Verde is only scaled producer of all four heavy rare earths outside Asia; ramp-up to 4,000 tpa TREO by end 2026.
- Thras Moraitis becomes President, CEO on Oct 1, 2026; Sir Mick Davis joins board.
- Assumed DFC loan: $565M facility, $465M initial + $100M incremental, Term SOFR + 4.0%, 15-year term.
- Lock-up: one-third 90 days, one-third 180 days, one-third unrestricted.

## SEC filing metadata
- accession: 0001213900-26-097399
- form_type: 8-K
- ticker: USAR
- cik: 0001970622
- company_name: USA Rare Earth, Inc.
- filed_at: 2026-09-04T11:11:45+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 3.02, 5.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1970622/000121390026097399/0001213900-26-097399-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1970622/000121390026097399/ea0304001-8k_usarare.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-097399
- JSON: https://secwatch.observer/filing/0001213900-26-097399.json
- Plain text: https://secwatch.observer/filing/0001213900-26-097399.txt

## Key facts
- Executive change
  Thrasyvoulos Moraitis was appointed as Director at USA Rare Earth, Inc..
  - Action: appointed
  - Role: Director
  source text: the USAR Board appointed Thrasyvoulos Moraitis and Sir Michael Lawrence Davis to the USAR Board
  evidence_url: https://www.sec.gov/Archives/edgar/data/1970622/000121390026097399/0001213900-26-097399-index.htm
- Executive change
  Thrasyvoulos Moraitis was appointed as President at USA Rare Earth, Inc..
  - Action: assumed
  - Role: President
  source text: Mr. Moraitis assumed the function and responsibility of President of USAR through October 1, 2026
  evidence_url: https://www.sec.gov/Archives/edgar/data/1970622/000121390026097399/0001213900-26-097399-index.htm
- Executive change
  Sir Michael Lawrence Davis was appointed as Director at USA Rare Earth, Inc..
  - Action: appointed
  - Role: Director
  source text: the USAR Board appointed Thrasyvoulos Moraitis and Sir Michael Lawrence Davis to the USAR Board
  evidence_url: https://www.sec.gov/Archives/edgar/data/1970622/000121390026097399/0001213900-26-097399-index.htm
- Executive change
  Thrasyvoulos Moraitis changed role as Chief Executive Officer at USA Rare Earth, Inc..
  - Action: will serve as
  - Role: Chief Executive Officer
  source text: at which point he will serve as Chief Executive Officer of USAR
  evidence_url: https://www.sec.gov/Archives/edgar/data/1970622/000121390026097399/0001213900-26-097399-index.htm

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