USA Rare Earth (NASDAQ: USAR) amends acquisition filing, drops extra financials

Rhea-AI Filing Summary

USA Rare Earth, Inc. filed an amended current report to update disclosures related to its acquisition of Indian Ocean Rare Metals Pte Ltd. and its subsidiary Less Common Metals Ltd. The company previously reported this transaction, which closed on November 18, 2025.

The purchase price for the acquisition was $100,000,000 in cash plus 6.54 million shares of USA Rare Earth common stock, with 1,010,782 shares deposited into escrow and customary adjustments for debt and transaction expenses. After consulting with SEC staff, the company determined that historical and pro forma financial statements are not required under Item 9.01 of Form 8‑K and has removed references to a future filing of such information.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K/A

Amendment No. 1

CURRENT REPORT

Pursuant to Section 13 OR 15(d)
of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 18, 2025

USA Rare Earth, Inc.

(Exact Name of Registrant as Specified in its Charter)

Delaware

001-41711

98-1720278

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(I.R.S. Employer Identification No.)

100 W. Airport Road, Stillwater, OK 74075

(Address of Principal Executive Offices) (Zip Code)

(813) 867-6155

(Registrant’s telephone number, including area code)

Not applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, par value $0.0001

USAR

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☑

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

EXPLANATORY NOTE

On November 18, 2025, USA Rare Earth, Inc., a Delaware corporation (“USARE” or the “Company”), filed a Current Report on Form 8-K (the “Initial Form 8-K”) to announce the closing of the purchase of all of the issued and outstanding shares of common stock of Indian Ocean Rare Metals Pte Ltd., a Singapore private limited company, and its wholly owned subsidiaries, Less Common Metals Ltd., a United Kingdom limited liability company, pursuant to the Share Purchase Agreement (the “Acquisition”). The purchase price paid by Buyer was $100,000,000 in cash and 6.54 million shares of the Company’s common stock, subject to the deposit of 1,010,782 shares of the Company’s common stock into escrow and customary deductions for debt, and transaction expenses, as well as customary post-closing adjustments.

In the Initial Form 8-K, the Company noted that the historical and pro forma financial statements required by Item 9.01 of Form 8-K would be filed by amendment to the Initial Form 8-K within 71 days following the date on which the Initial Form 8-K was required to be filed. The Company has determined, however, in consultation with the staff of the Office of Chief Accountant of the Division of Corporation Finance of the Securities and Exchange Commission, that the financial statements and pro forma financial information are not required to be filed pursuant to Item 9.01 of Form 8‑K. Accordingly, the Company hereby amends the Initial Form 8-K to eliminate the references to the subsequent filing of financial statements and pro forma financial information relating to the Acquisition.

Except as set forth below, the Initial Form 8-K is unchanged.

Item 9.01    Financial Statements and Exhibits

(a) Financial Statements of Business Acquired.

None.

(b) Pro forma financial information.

None.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

USA Rare Earth, Inc.

Date:

February 3, 2026

By:

/s/ DAVID KRONENFELD

David Kronenfeld

Chief Legal Officer

FAQ

What did USA Rare Earth (USAR) change in this amended 8-K/A filing?

USA Rare Earth amended its earlier current report to remove a commitment to file historical and pro forma financial statements for a completed acquisition, after determining with SEC staff that Item 9.01 financial information is not required for this transaction.

What acquisition by USA Rare Earth (USAR) is discussed in this amendment?

The amendment relates to USA Rare Earth’s acquisition of Indian Ocean Rare Metals Pte Ltd., a Singapore company, and its wholly owned subsidiary Less Common Metals Ltd., a United Kingdom company, which was previously announced and reported as a completed transaction.

What was the purchase price for USA Rare Earth’s Indian Ocean Rare Metals acquisition?

USA Rare Earth paid a purchase price of $100,000,000 in cash plus 6.54 million shares of its common stock, subject to escrow of 1,010,782 shares and customary deductions for debt, transaction expenses, and post-closing adjustments as described.

Why is USA Rare Earth (USAR) no longer filing pro forma financials for this deal?

After consulting with the SEC’s Office of Chief Accountant staff, USA Rare Earth concluded that historical and pro forma financial statements are not required under Item 9.01 of Form 8‑K for this acquisition, so it removed references to a future financial statement filing.

What does the USA Rare Earth 8-K/A say about Item 9.01 financial statements?

The amended report specifies that under Item 9.01, there will be no financial statements of the business acquired and no pro forma financial information, explicitly listing both sections as “None” following the company’s determination with SEC staff.