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Form 8-K · Current Report · Filed 2026-07-16

USA Rare Earth, Inc. Amends Merger Agreement with SVRE Holdings Ltd.

USA Rare Earth, Inc. (USAR) has amended its merger agreement with SVRE Holdings Ltd. (SVRE) to include additional conditions precedent to the merger's completion. The amendment, dated July 16, 2026, modifies the satisfaction and non-waiver of certain conditions precedent set forth in the offtake agreement between SV Management Switzerland AG and a special purpose vehicle. Additionally, USAR has filed updated pro forma condensed combined financial statements as of and for the three months ended March 31, 2026, and for the year ended December 31, 2025, giving effect to the merger. These statements reflect the financial impact of the merger, including the issuance of 126,849,307 shares of USAR common stock and the payment of $300 million in merger consideration.

Filer
USA Rare Earth, Inc. USAR · NASDAQ
Filed
Accession
0001213900-26-078760
CIK
0001970622
Signal
High impactBasic Materials

Items reported

Item events

Reported Item

M&A Agreement Strategic Partnership General Statement

Market reaction

Close before filing

$17.31

Next session

-9.6%

Since filing

+3.9%

Latest close

$17.99

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from USAR reporting the same item, with the next session's move:

Insider tape

Within 45 days of this filing, USAR insiders reported 13 Form 4 transactions — net selling of $296K.

Full USAR insider history →

About USA Rare Earth, Inc.

USA Rare Earth, Inc. is a materials company focused on mining, processing, and supplying rare earth elements and other critical minerals. The company concentrates on heavy rare earth elements and the production of permanent magnets, key inputs for advanced technologies and electrified systems. Its activities span a vertically integrated value chain, from resource development at the Round Top deposit in Texas to downstream processing and magnet manufacturing in the United States and selected international locations. USA Rare Earth’s products are used across sectors such as defense, electric vehicles, renewable energy, semiconductors, data centers, industrial automation, and healthcare. By emphasizing domestic and allied-sourced materials and magnet production, the company plays a significant role in efforts to diversify and secure supply chains for critical minerals that underpin modern electronics, energy transition technologies, and strategic industries. Founded in 2019 and headquartered in Stillwater, Oklahoma, USA Rare Earth operates within the broader materials sector as a specialized provider of rare earth–based inputs to manufacturers and system integrators globally.

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