Highest-materiality recent filing
USAR files amended proxy for SVRE merger with updated pro forma and financing
Merger consideration: 126.85M USAR shares plus $300M cash for SVRE.
Merger consideration: $300M cash + 126.8M shares of USAR common stock for SVRE; pro forma financials filed.
USAR signs $1.6B CHIPS Act funding agreements with DOC for rare earth & magnet projects
$277M in direct awards and $1.3B loan guarantee (15-yr, Treas+150bps) from DOC under CHIPS Act.
USA Rare Earth selects South Carolina for $1.2B magnet facility; 490 jobs, 6,400 tpa capacity
Lease for 800,000 sq ft facility in Blacksburg, SC; initial 20-year term with two 10-year renewal options.
USA Rare Earth posts $0.34 diluted EPS loss; $1.75B cash; announces $2.8B Serra Verde deal
Q1 net loss of $67.0M ($0.34 diluted EPS loss); adjusted diluted EPS loss of $0.12.
USA Rare Earth files audited SVRE financials, pro forma, and updates risk factors for pending merger
SVRE audited financials for 2025 and 2024 filed as Exhibit 99.3; unaudited pro forma combined financials as Exhibit 99.4.
USA Rare Earth to acquire SVRE Holdings for $300M cash and 126.8M shares; expected close Q3 2026
Deal: $300M cash + 126,849,307 USAR shares to SVRE shareholders; warrants and equity awards converted.
USA Rare Earth enters definitive merger agreement to acquire SVRE Holdings Ltd.
Definitive merger agreement signed April 19, 2026 to acquire SVRE Holdings Ltd. (Serra Verde Rare Earths) via reverse triangular merger.
USA Rare Earth to acquire ~12.5% stake in Carester SAS; partners with InfraVia
Each of USA Rare Earth and InfraVia to hold approximately 12.5% equity interests in Carester.
USA Rare Earth FY2025 operating loss $59.5M; year-end cash $360M; $1.5B PIPE closed
FY2025 operating loss $59.5M, net loss $297.6M ($3.31 diluted EPS); adjusted net loss $80.0M ($0.82/share).
USAR to issue 3,823,328 shares to acquire all TMRC shares; implied value ~$73M based on Mar 4 close.
USA Rare Earth closes $1.5B PIPE financing at $21.50/share
Gross proceeds $1.5B from 69.8M shares at $21.50 each.
USA Rare Earth secures $1.5B private placement and $1.6B U.S. government LOI
Private placement of 69.8M shares at $21.50 for ~$1.5B gross proceeds; closes Jan 28, 2026.
USA Rare Earth closes $100M cash + 6.54M shares acquisition of Less Common Metals
Purchase price: $100M in cash plus 6.54 million shares of USAR common stock, subject to escrow and post-closing adjustments.
USA Rare Earth Q3 net loss $156.7M; cash >$400M; magnet facility on track for Q1 2026
GAAP net loss $156.7M ($1.64/share); adjusted net loss $25.6M ($0.25/share); operating loss $15.9M.
Notice of redemption of all outstanding warrants (USARW) at $0.01 per warrant, valid until 5:00 PM NYC on Dec 1, 2025.
USAR acquires LCM for $100M+6.74M shares; raises $125M via placement; appoints Barbara Humpton CEO
Acquires Less Common Metals (LCM), ex-China rare earth metal producer, for $100M cash and 6.74M USAR shares.
Q2 GAAP net loss $142.7M ($1.54/sh) vs $2.8M loss in Q2 2024; adjusted net loss $7.8M ($0.08/sh).
Net loss attributable to USARE stockholders $15.7M in 2024 vs $7.4M in 2023; total net loss $16.4M.
USA Rare Earth reports Q1 operational milestones; no financial figures provided
Merged with Inflection Point and began trading on Nasdaq on March 14, 2025.
USA Rare Earth closes $75M PIPE; issues shares and warrants, Series A conversion price reduced to $7
Closed $75M PIPE with single institutional investor; issued 8.55M shares, 2.16M pre-funded warrants, 10.71M warrants at $7 exercise price.
USA Rare Earth raises $75M via PIPE for magnet facility capex
Gross proceeds of $75M from issuance of ~8.55M common shares, pre-funded warrants for ~2.16M shares, and warrants for ~10.71M shares at $7.00 strike, 6-year term.
USA Rare Earth closes business combination; common and warrants start trading on Nasdaq
Business combination between SPAC IPXX and USARE OpCo closed March 13, 2025; company renamed USA Rare Earth, Inc.
On March 12, 2025, IPXX domesticated from Cayman Islands to Delaware, becoming USA Rare Earth, Inc. (USAR).
USA Rare Earth appoints William Robert Steele Jr. as CFO effective March 24, 2025
Steele will serve as principal financial and accounting officer; base salary of $400,000.
Inflection Point II enters forward purchase agreements for up to 1.89M shares with three investors
Harraden commits to hold up to 892,825 IPXX shares; Newtyn up to 700,000; L1 up to 297,669.
IPXX shareholders approve merger with USA Rare Earth at March 10 vote
Business combination approved: 6,989,743 for, 195,818 against, 10 abstain.
Inflection Point amends BCA with USA Rare Earth; pre-funds $8.5M, removes warrant forfeiture
Amendment No. 2 sets initial directors of New USARE and modifies governance and document delivery conditions.
Inflection Point II provides updated investor presentation for USA Rare Earth merger
Business combination agreement with USA Rare Earth signed Aug 21, 2024; amended Nov 12, 2024 and Jan 30, 2025.
Inflection Point II extends deadline to Aug 2025; 22.8M shares redeemed at ~$10.83
Shareholders approved extension of business combination deadline from Nov 30, 2024 to Aug 21, 2025.
Inflection Point enters non-redemption deals to secure SPAC extension; cuts CFO service fee
Non-redemption agreements with Harraden (700K shares) and L1 Capital (300K shares) in exchange for forward purchase options on up to 1M Class A shares.
Inflection Point (IPXX) agrees to merge with USA Rare Earth in $800M base deal, closing Q1 2025
Business combination with USA Rare Earth, LLC; combined company to be named USA Rare Earth, Inc.
SPAC Inflection Point II secures $2.5M convertible note from CEO, cuts services fee
Issued convertible promissory note to CEO Michael Blitzer for up to $2.5M, non-interest bearing, due Nov 30, 2024.
On June 16, 2026, USA Rare Earth, Inc. (the “Company”) decided to end its relationship with David Kronenfeld, the Company’s general counsel, pursuant to a transition and separation agreement (the “Transition and Separation Agreement”) according to which Mr. Kronenfeld’s employment will end on August 7, 2026,
At the Effective Time of the Merger, each of Paula Sutter, Nicholas Shekerdemian, Erica Dorfman, Eliot Richmond and Samuel Sayegh resigned as directors of IPXX with immediate effect.
each of Joshua Ballard, Michael Blitzer, Mordechai Gutnick, Paul Kern, Otto Schwethelm, Michael Senft, Tready Smith and Carolyn Trabuco are the directors of New USARE.
At the Effective Time of the Merger, each of Michael Blitzer and Peter Ondishin resigned from their roles as Chief Executive Officer and Chief Financial Officer, respectively.
the following New USARE executive officers were appointed: Michael Blitzer was appointed the Chairperson of the New USARE board, Joshua Ballard was appointed Chief Executive Officer, David Kronenfeld was appointed Chief Legal Officer and Corporate Secretary, Steve Ridge was appointed Chief Operating Officer, and Christopher Boling was appointed Corporate Controller and Principal Accounting Officer and Robert Fredette was appointed Director of Magnet Operations.
the following New USARE executive officers were appointed: Michael Blitzer was appointed the Chairperson of the New USARE board, Joshua Ballard was appointed Chief Executive Officer, David Kronenfeld was appointed Chief Legal Officer and Corporate Secretary, Steve Ridge was appointed Chief Operating Officer, and Christopher Boling was appointed Corporate Controller and Principal Accounting Officer and Robert Fredette was appointed Director of Magnet Operations.
each of Joshua Ballard, Michael Blitzer, Mordechai Gutnick, Paul Kern, Otto Schwethelm, Michael Senft, Tready Smith and Carolyn Trabuco are the directors of New USARE.
the following New USARE executive officers were appointed: Michael Blitzer was appointed the Chairperson of the New USARE board, Joshua Ballard was appointed Chief Executive Officer, David Kronenfeld was appointed Chief Legal Officer and Corporate Secretary, Steve Ridge was appointed Chief Operating Officer, and Christopher Boling was appointed Corporate Controller and Principal Accounting Officer and Robert Fredette was appointed Director of Magnet Operations.
each of Joshua Ballard, Michael Blitzer, Mordechai Gutnick, Paul Kern, Otto Schwethelm, Michael Senft, Tready Smith and Carolyn Trabuco are the directors of New USARE.
each of Joshua Ballard, Michael Blitzer, Mordechai Gutnick, Paul Kern, Otto Schwethelm, Michael Senft, Tready Smith and Carolyn Trabuco are the directors of New USARE.
At the Effective Time of the Merger, each of Paula Sutter, Nicholas Shekerdemian, Erica Dorfman, Eliot Richmond and Samuel Sayegh resigned as directors of IPXX with immediate effect.
the following New USARE executive officers were appointed: Michael Blitzer was appointed the Chairperson of the New USARE board, Joshua Ballard was appointed Chief Executive Officer, David Kronenfeld was appointed Chief Legal Officer and Corporate Secretary, Steve Ridge was appointed Chief Operating Officer, and Christopher Boling was appointed Corporate Controller and Principal Accounting Officer and Robert Fredette was appointed Director of Magnet Operations.
Max materiality 0.95 · Median 0.65 · Most common event other_material