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 Operations
| December 31, 2024 | For period from March 6, 2023 (Inception) through December 31, 2023 | |
|---|---|---|
| Formation and operational costs | $4,077,377 | $985,212 |
| Loss from operations | (4,077,377) | (985,212) |
| Other income: | ||
| Loss on issuance of Forward Purchase Agreements | (484,843) | — |
| Change in fair value of Forward Purchase Agreements | 435,568 | — |
| Interest income from bank | 5,755 | 11,763 |
| Dividend income earned on marketable securities held in Trust Account | 12,019,932 | 7,721,518 |
| Total other income, net | 11,976,412 | 7,733,281 |
| Net income | $7,899,035 | $6,748,069 |
| Basic and diluted weighted average shares outstanding, Redeemable shares | 22,321,940 | 17,916,667 |
| Basic and diluted net income per share | $0.39 | $0.70 |
| Basic and diluted weighted average shares outstanding, Non-redeemable shares | 6,250,000 | 6,271,250 |
| Basic and diluted net loss per share | $(0.14) | $(0.93) |
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