Past year: ▼ 32%(11.90 – 28.01 USD)
Each one in plain English, with the numbers worked through for a shareholder.
11 Mar 2025material agreement● Neutral
Inflection Point and USARE signed forward purchase agreements with Harraden Circle investment funds, a mechanism to keep more cash in the deal by reducing the number of shareholders who cash out at the merger vote.
10 Mar 2025agm notice● Neutral
USA Rare Earth, Inc. shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
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.
27 Feb 2025director interest notice● Neutral
Harraden Circle Investments, LLC became a USA Rare Earth, Inc. company insider (initial ownership filing).
25 Feb 2025substantial holder notice● Neutral
Harraden Circle Investments, LLC reported a USA Rare Earth, Inc. shareholding of 892,825 shares (10.62% of votes) in a periodic institutional filing.
18 Feb 2025securities registration● Neutral
USA Rare Earth, Inc. filed the final prospectus for a registered offering.
14 Feb 2025substantial holder notice● Neutral
Westchester Capital Management, LLC reported no remaining USA Rare Earth, Inc. shareholding in its periodic institutional filing.
14 Feb 2025substantial holder notice● Neutral
First Trust Merger Arbitrage Fund reported no remaining USA Rare Earth, Inc. shareholding in its periodic institutional filing.
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 2025substantial holder notice● Neutral
Wealthspring Capital LLC reported no remaining USA Rare Earth, Inc. shareholding in its periodic institutional filing.
13 Feb 2025substantial holder notice● Neutral
AQR Capital Management, LLC reported no remaining USA Rare Earth, Inc. shareholding in its periodic institutional filing.
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.
13 Feb 2025substantial holder notice● Neutral
COWEN AND COMPANY, LLC reported no remaining USA Rare Earth, Inc. shareholding in its periodic institutional filing.
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.
7 Jan 2025substantial holder notice● Neutral
Harraden Circle Investments, LLC disclosed a new substantial USA Rare Earth, Inc. shareholding (8.33% of votes).
7 Jan 2025substantial holder notice● Neutral
Newtyn Management, LLC disclosed a new substantial USA Rare Earth, Inc. shareholding (8.30% of votes).
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.
