Past year: ▼ 32%(11.90 – 28.01 USD)
Each one in plain English, with the numbers worked through for a shareholder.
7 Mar 2025business combination▲ Good
The SEC declared the merger registration statement effective on February 14, 2025; Inflection Point filed its definitive proxy statement and scheduled the shareholder vote on the USARE merger for March 10, 2025 - the deal's final approval steps.
7 Mar 2025merger communication● Neutral
Same milestone update (registration effective, definitive proxy filed, shareholder meeting scheduled) as the same-day 8-K, re-filed under Rule 425.
14 Feb 2025merger communication● Neutral
USARE and Inflection Point held their investor and analyst webinar, with USARE's CEO and COO and Inflection Point's CEO walking through the company's mine-to-magnet strategy ahead of the merger vote.
13 Feb 2025business combination● Neutral
Amendment No. 3 is housekeeping before effectiveness: the placeholder website was filled in as usare.com, USA Rare Earth's equity incentive plans and their amendments were added to the exhibit list, and an advance-notice bylaw obligation was firmed from "will update" to "must update". Nothing in the consideration or the 12% Series A preferred terms moved.
12 Feb 2025merger communication● Neutral
Same updated investor presentation as the same-day 8-K, re-filed under Rule 425.
12 Feb 2025business combination● Neutral
Inflection Point and USARE circulated another updated investor presentation ahead of the shareholder vote - routine deal marketing.
5 Feb 2025business combination▲ GoodMajor
Amendment No. 2 recorded that the money had actually been put in: Inflection Point Fund pre-funded its preferred investment on 3 February 2025 through new convertible preferred purchase agreements signed on 31 January with the existing Class A-2 investors, Collective Capital Management and Inflection Point's own chairman Michael Blitzer, and the original preferred purchase agreement was torn up in consequence. A 30 January amendment to the combination agreement fixed the incoming board, and a 22 January amendment replaced Blitzer's fixed 104,167 preferred shares with a variable number.
5 Feb 2025merger communication▲ Good
USARE and Inflection Point announced an additional $15.25 million pre-funded investment from IPXX affiliates and Chairman Michael Blitzer, bringing total related-party PIPE funding to about $30 million and the deal's overall PIPE proceeds to $40.75 million - extra cash cushion ahead of the shareholder vote.
5 Feb 2025business combination● Neutral
Inflection Point and USARE amended their merger agreement a second time, this time to lock in the proposed board of the combined company and adjust some governance and closing-document details; deal economics are unchanged.
5 Feb 2025merger communication● Neutral
Same governance-focused Amendment No. 2 to the merger agreement (naming New USARE's proposed directors) as the same-day 8-K, re-filed under Rule 425.
4 Feb 2025business combination● Neutral
Inflection Point and USARE circulated an updated investor presentation ahead of the shareholder vote on the merger - routine deal marketing, no new terms.
4 Feb 2025merger communication● Neutral
Same updated investor presentation, re-filed under Rule 425 - no new information.
29 Jan 2025merger communication● Neutral
USARE and Inflection Point announced a joint investor webinar to discuss the pending merger and USARE's business - a routine investor-relations event.
28 Jan 2025merger communication▲ Good
USARE announced a technical milestone at its Texas Round Top project, successfully producing a sample of high-purity dysprosium oxide - a heavy rare earth element - using its own processing technology.
28 Jan 2025merger communication● Neutral
Same Blitzer insider note-for-preferred-shares restructuring, re-filed under Rule 425 - no new information.
28 Jan 2025business combination● Neutral
Inflection Point's Chairman and CEO Michael Blitzer restructured his own pre-merger investment, exchanging forgiveness of half of a promissory note USARE owed him for an equivalent stake in preferred shares - an insider deal-financing tweak, not new outside capital.
8 Jan 2025merger communication▲ Good
USARE's new Innovations Lab in Stillwater, Oklahoma reached a milestone, beginning to produce prototype rare earth magnets ahead of the company's planned 2026 start of commercial production.
6 Jan 2025business combination▼ BadMajor
Amendment No. 1 disclosed the number that changes the deal: at the 18 November extension meeting, holders of 22,794,651 of the 25 million public shares -- about 91% -- took their money out of the trust, removing roughly $246.9 million at $10.83 a share, in exchange for pushing the deadline to complete a combination from 30 November 2024 to 21 August 2025. Because the share count is set by dividing $800 million less debt by the trust price, the redemptions do not change USARE holders' stake; what they remove is the cash. The amendment also added a CFIUS review risk factor and King & Spalding's tax opinion, which the parties are not obliged to obtain before closing.
17 Dec 2024merger communication▲ GoodMajor
Ahead of going public, USA Rare Earth named Josh Ballard - former CFO of Energy Recovery, Inc. - as its new CEO to lead the build-out of its planned Stillwater, Oklahoma magnet plant and its Round Top rare earth deposit in Texas.
14 Nov 2024material agreement● Neutral
Same fee-reduction amendment as the same-day Rule 425 filing, filed here as the primary 8-K.
14 Nov 2024merger communication● Neutral
Inflection Point again trimmed the monthly fee it pays for outsourced CFO and staff services, alongside the pending shareholder vote to extend its merger deadline.
13 Nov 2024merger communication● Neutral
The same merger-agreement technical amendment and deadline-extension news was re-filed under Rule 425 - no new information.
13 Nov 2024business combination● Neutral
Inflection Point and USARE made minor technical fixes to their merger agreement and, separately, Inflection Point's shareholders were asked to extend its deadline to complete a deal from November 2024 to August 2025, with some shareholders agreeing not to redeem their shares for cash in the meantime.
12 Nov 2024business combination● NeutralMajor
Inflection Point, a blank-cheque company, registered the shares for its combination with USA Rare Earth, which is building an NdFeB magnet plant at Stillwater, Oklahoma and holds the Round Top deposit in West Texas. USARE's owners are credited with $800 million less its debt, converted into shares at whatever price the trust ends up redeeming at, plus up to 10 million earn-out shares; a $9.1 million preferred investment with $12.00 warrants comes in alongside, and Cantor cut its fee to $4 million cash or $2 million plus 400,000 shares.
22 Aug 2024business combination▲ GoodMajor
Inflection Point Acquisition Corp. II agreed to merge with privately-held USA Rare Earth, LLC at an $870 million enterprise value, taking USARE public under the new name USA Rare Earth, Inc.; the deal includes a roughly $35 million investment to fund USARE's Stillwater, Oklahoma magnet plant.
22 Aug 2024merger communication● Neutral
The same merger announcement was re-filed under SEC Rule 425, which requires deal-related communications to be filed separately - no new information.
14 Aug 2024capital raising announcement● Neutral
As the SPAC neared its deadline to complete a deal, its CEO Michael Blitzer personally extended it a $2.5 million interest-free working-capital loan (convertible into warrants) and trimmed the sponsor's monthly service fee -- routine SPAC-extension financing a week before the merger with USA Rare Earth was announced.
3 Apr 2024material agreement● Neutral
Before it had a merger target, the blank-check company Inflection Point Acquisition Corp. II trimmed the monthly fee it pays for outsourced CFO and staff services - routine shell-company housekeeping.
5 June 2023capital raising announcement● Neutral
Inflection Point Acquisition Corp. II, the blank-check company that would merge with USA Rare Earth over a year later, closed its IPO, raising roughly $250 million by selling 25 million units (including a 3-million-unit overallotment) at $10.00 each.
23 May 2023listing compliance notice▲ GoodMajor
the exchange certified USA Rare Earth, Inc.'s securities for listing, clearing them to begin trading.
