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.
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Statements of Changes in Shareholders’ Deficit
FOR THE YEAR ENDED DECEMBER 31, 2024 AND
FOR THE PERIOD FROM MARCH 6, 2023 (INCEPTION) THROUGH DECEMBER 31, 2023
| Class A Ordinary Shares · Class B Ordinary shares · Additional Paid-In · Accumulated · Shareholders’ | |||||||
|---|---|---|---|---|---|---|---|
| Shares | Amount | Shares | Amount | Capital | Deficit | Deficit | |
| Balance as of March 6, 2023 (Inception) | — | $— | — | $— | $— | $— | $— |
| Issuance of ordinary shares | — | — | 6,325,000 | 633 | 24,367 | — | 25,000 |
| Sale of Class A ordinary shares and over-allotment | 25,000,000 | 2,500 | — | — | 249,997,500 | — | 250,000,000 |
| Class A ordinary shares subject to possible redemption | (25,000,000) | (2,500) | — | — | (247,910,000) | — | (247,912,500) |
| Underwriters’ compensation | — | — | — | — | (17,500,000) | — | (17,500,000) |
| Offering costs | — | — | — | — | (861,877) | — | (861,877) |
| Sale of 7,650,000 private placement warrants | — | — | — | — | 7,650,000 | — | 7,650,000 |
| Allocation of offering costs related to redeemable shares | — | — | — | — | 18,183,179 | — | 18,183,179 |
| Forfeiture of Founder Shares | — | — | (75,000) | (8) | 8 | — | — |
| Accretion for redeemable shares to redemption value | — | — | — | — | (9,583,177) | (19,659,020) | (29,242,197) |
| Net income | — | — | — | — | — | 6,748,069 | 6,748,069 |
| Balance as of December 31, 2023 | — | $— | 6,250,000 | $625 | $— | $(12,910,951) | $(12,910,326) |
| Conversion of Class B shares to Class A shares | 6,200,000 | 620 | (6,200,000) | (620) | — | — | — |
| Accretion for redeemable shares to redemption value | — | — | — | — | — | (12,019,932) | (12,019,932) |
| Net income | — | — | — | — | — | 7,899,035 | 7,899,035 |
| Balance as of December 31, 2024 | 6,200,000 | $620 | 50,000 | $5 | $— | $(17,031,848) | $(17,031,223) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.