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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
July 4, 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 shares, par value $0.0001 per share |
|
USAR |
|
The Nasdaq Stock Market LLC |
| Warrants, each whole warrant exercisable for one share of Common Stock, each at an exercise price of $11.50 per share |
|
USARW |
|
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.
Item 5.02. Departure of Directors or Principal
Officers; Election of Directors; Appointment of Principal Officers
On July 4, 2025, Steve Ridge,
the chief operating officer of USA Rare Earth, Inc. (the “Company”), retired from the Company, effective immediately.
In connection with his retirement, the Company and Mr. Ridge entered into a separation agreement dated as of July 5, 2025 (the “Separation
Agreement”), pursuant to which Mr. Ridge will continue to provide services to the Company for a three-month period as a consultant
on a part-time basis to assist in the transition of his duties. Pursuant to the Separation Agreement, upon a general release of claims,
Mr. Ridge will receive a lump sum cash payment of $5,000 and a grant of restricted stock units (“RSUs”), which RSUs will have
a grant date value equal to $450,000 and will vest in full on January 1, 2026. The foregoing description of the Separation Agreement is
qualified in its entirety by the text of the Separation Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K.
Item 9.01. Financial Statements and
Exhibits.
(d) Exhibits.
| 10.1 |
|
Separation Agreement between USA Rare Earth, Inc. and Steve Ridge, dated July 5, 2025. |
| 104 |
|
Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
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 hereunto
duly authorized.
| |
USA RARE EARTH, INC. |
| |
|
|
| Date: July 9, 2025 |
By: |
/s/ Joshua Ballard |
| |
Name: |
Joshua Ballard |
| |
Title: |
Chief Executive Officer |