---
schema_version: "secwatch.filing_event.v1"
accession: "0001801368-24-000023"
form_type: "8-K"
ticker: "MP"
cik: "0001801368"
company_name: "MP Materials Corp. / DE"
filed_at: "2024-03-22T23:59:59+00:00"
generated_at: "2026-06-04T09:10:03.006572+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# MP Materials elects cash-and-stock settlement for 2026 convertible notes

## Summary
- Irrevocably elected Combination Settlement for 0.25% Convertible Senior Notes due 2026, effective March 20, 2024.
- Per $1,000 principal, converting noteholders receive up to $1,000 in cash plus shares for any excess conversion value.
- Election applies to all conversion dates on or after March 20, 2024; no change to interest rate or principal.
- Settlement method change implemented under Section 14.02(a)(vi) of the Indenture.

## SEC filing metadata
- accession: 0001801368-24-000023
- form_type: 8-K
- ticker: MP
- cik: 0001801368
- company_name: MP Materials Corp. / DE
- filed_at: 2024-03-22T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1801368/000180136824000023/0001801368-24-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1801368/000180136824000023/mp-20240320.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001801368-24-000023
- JSON: https://secwatch.observer/filing/0001801368-24-000023.json
- Plain text: https://secwatch.observer/filing/0001801368-24-000023.txt

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