USA Rare Earth, Inc.
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
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FY2024 · Filed Mar 31, 2025
USAR$8.76+6.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Balance Sheets
| December 31, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Current assets | ||
| Cash | $2,101 | $275,665 |
| Prepaid expenses | 14,955 | 18,390 |
| Prepaid insurance | 43,440 | 205,604 |
| Total Current Assets | 60,496 | 499,659 |
| Marketable securities held in Trust Account | 24,075,435 | 258,971,518 |
| TOTAL ASSETS | $24,135,931 | $259,471,177 |
| Liabilities and Shareholders’ Deficit: | ||
| Current liabilities | ||
| Accounts payable and accrued expenses | $2,742,444 | $234,985 |
| Accrued offering costs | — | 75,000 |
| Convertible promissory note - related party | 1,200,000 | — |
| Total Current Liabilities | 3,942,444 | 309,985 |
| Forward Purchase Agreements | 49,275 | — |
| Deferred underwriting fee payable | 13,100,000 | 13,100,000 |
| Total Liabilities | 17,091,719 | 13,409,985 |
| Commitments and contingencies (Note 6) | ||
| Class A ordinary shares subject to possible redemption, 2,205,349 and 25,000,000 issued and outstanding shares at redemption value of $10.92 per share and $10.36 as of December 31, 2024 and 2023, respectively | 24,075,435 | 258,971,518 |
| Stockholders’ Deficit | ||
| Preferred shares, $0.0001 par value; 5,000,000 shares authorized; none issued and outstanding | — | — |
| Class A ordinary shares, $0.0001 par value; 500,000,000 shares authorized; 6,200,000 and none issued and outstanding (excluding 2,205,349 and 25,000,000 shares subject to possible redemption) as of December 31, 2024 and 2023, respectively | 620 | — |
| Class B ordinary shares, $0.0001 par value; 50,000,000 shares authorized; 50,000 and 6,250,000 shares issued and outstanding, as of December 31, 2024 and 2023, respectively | 5 | 625 |
| Additional paid-in capital | — | — |
| Accumulated deficit | (17,031,848) | (12,910,951) |
| Total Stockholders’ Deficit | (17,031,223) | (12,910,326) |
| Total Liabilities and Shareholders’ Deficit | $24,135,931 | $259,471,177 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.