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USA Rare Earth and Inflection Point Acquisition Corp. II Announce Upsized PIPE | SPAC Feed

Date:

Node: 4374411

WHEAT RIDGE, Colo., Feb. 04, 2025 (GLOBE NEWSWIRE) —  USA Rare Earth, LLC (“USARE” or the “Company”) and Inflection Point Acquisition Corp. II (Nasdaq: IPXX) (“IPXX”) today announced an additional $15.25 million of PIPE funding received from affiliates of IPXX and other related investors, including Chairman Michael Blitzer, in connection with the proposed business combination. This brings the total investment of IPXX’s affliates and other related pre-funded PIPE investors to approximately $30 million. This additional investment represents a substantial increase over the remaining amount Inflection Point Fund was required to fund in connection with the transactions contemplated by the Business Combination Agreement.


Source: USA Rare Earth and Inflection Point Acquisition Corp. II Announce Upsized PIPE

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