Inflection Point Acquisition Corp. II

USA Rare Earth completed its business combination with Inflection Point Acquisition Corp. II, raising nearly $50 million from IPXX affiliates and other investors. The company is building a rare earth magnet facility in Stillwater, Oklahoma.

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.