# USA Rare Earth to go public via merger with Inflection Point Acquisition Corp. II

USA Rare Earth, LLC has entered into a definitive business combination agreement with Inflection Point Acquisition Corp. II, a SPAC, to become a publicly traded company. The transaction values USA Rare Earth at a pro-forma enterprise value of $870 million and includes a $35 million PIPE investment.

- Type: Acquisition
- Announced: 2024-08-22
- Where: United States
- Value: $870.0M
- Status: announced
- Products: rare earth magnets
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [USA Rare Earth, Inc.](https://endata.com/companies/32117.md) (target)
- [Inflection Point Acquisition Corp. II](https://endata.com/companies/79341.md) (acquirer)

## Sources

- [finance.yahoo.com](https://finance.yahoo.com/news/usa-rare-earth-domestic-rare-113000242.html), 2024-08-22: "The proposed transaction values USARE at a pro-forma enterprise value of $870 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.