# EDGAR Filing Document

**Accession Number:** 0001598176
**File Stem:** 0001104659-25-090893
**Filing Date:** 2025-9
**Character Count:** 15113
**Document Hash:** a5498fbcbd6e41d39a758b6bf909b6cf
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-090893.hdr.sgml**: 20250917

**ACCESSION NUMBER**: 0001104659-25-090893

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13G/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250917

**DATE AS OF CHANGE**: 20250917

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** USA Rare Earth, Inc.
- **CENTRAL INDEX KEY:** 0001970622
- **STANDARD INDUSTRIAL CLASSIFICATION:** METAL MINING [1000]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 981720278
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-94085
- **FILM NUMBER:** 251320985

**BUSINESS ADDRESS:**
- **STREET 1:** 100 W AIRPORT ROAD
- **CITY:** STILLWATER
- **STATE:** OK
- **ZIP:** 74075
- **BUSINESS PHONE:** 813-867-6155

**MAIL ADDRESS:**
- **STREET 1:** 100 W AIRPORT ROAD
- **CITY:** STILLWATER
- **STATE:** OK
- **ZIP:** 74075

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Inflection Point Acquisition Corp. II
- **DATE OF NAME CHANGE:** 20230322
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Bayshore Capital Advisors, LLC
- **CENTRAL INDEX KEY:** 0001598176

**ORGANIZATION NAME:**
- **EIN:** 593688822
- **STATE OF INCORPORATION:** FL
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G/A

**BUSINESS ADDRESS:**
- **STREET 1:** 1700 S. MACDILL AVENUE
- **STREET 2:** SUITE 340
- **CITY:** TAMPA
- **STATE:** FL
- **ZIP:** 33629
- **BUSINESS PHONE:** 8132213400

**MAIL ADDRESS:**
- **STREET 1:** 1700 S. MACDILL AVENUE
- **STREET 2:** SUITE 340
- **CITY:** TAMPA
- **STATE:** FL
- **ZIP:** 33629

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13G

### Under the Securities Exchange Act of 1934

**(Amendment No. 1)**

**Issuer:** USA Rare Earth, Inc.

**Title of Class of Securities:** Common Stock, par value $0.0001 per share

**CUSIP Number:** 91733P107

**Date of Event Which Requires Filing of this Statement:** 09/15/2025

**Check the appropriate box to designate the rule pursuant to which this Schedule is filed:**

- [ ] Rule 13d-1(b)

- [ ] Rule 13d-1(c)

- [x] Rule 13d-1(d)

---

| 1. | Names of Reporting Persons<br>Bayshore Capital Advisors, LLC | Names of Reporting Persons<br>Bayshore Capital Advisors, LLC |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>FL | Citizenship or Place of Organization<br>FL |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>8510961.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>8510961.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>8510961.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>8510961.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>8.74% | Percent of Class Represented by Amount in Row (9)<br>8.74% |
| 12. | Type of Reporting Person (See Instructions)<br>IA | Type of Reporting Person (See Instructions)<br>IA |

**Comment for Type of Reporting Person:** Such percentage in row 11 is based on an aggregate of 97,427,087 shares of common stock, par value $0.0001 per share (the "Shares"), of USA Rare Earth, Inc. (the "Issuer") outstanding as of August 4, 2025 (according to the Issuer's Quarterly Report on Form 10-Q as filed with the Securities and Exchange Commission on August 11, 2025).

On September 15, 2025, Bayshore Rare Earths II, LLC and an affiliated fund completed a distribution in kind of an aggregate of 7,716,078 Shares of the Issuer to their respective members for no consideration upon the expiration of certain lock-up restrictions.

---

| 1. | Names of Reporting Persons<br>Bayshore Rare Earths II, LLC | Names of Reporting Persons<br>Bayshore Rare Earths II, LLC |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>5904265.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>5904265.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5904265.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5904265.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>6.06% | Percent of Class Represented by Amount in Row (9)<br>6.06% |
| 12. | Type of Reporting Person (See Instructions)<br>OO | Type of Reporting Person (See Instructions)<br>OO |

**Comment for Type of Reporting Person:** Such percentage in row 11 is based on an aggregate of 97,427,087 Shares of the Issuer outstanding as of August 4, 2025 (according to the Issuer's Quarterly Report on Form 10-Q as filed with the Securities and Exchange Commission on August 11, 2025).

On September 15, 2025, Bayshore Rare Earths II, LLC completed a distribution in kind of an aggregate of 5,904,264 Shares of the Issuer to its  members for no consideration upon the expiration of certain lock-up  restrictions.

---

| 1. | Names of Reporting Persons<br>Bayshore MGR, LLC | Names of Reporting Persons<br>Bayshore MGR, LLC |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>6230583.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>6230583.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>6230583.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>6230583.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>6.40% | Percent of Class Represented by Amount in Row (9)<br>6.40% |
| 12. | Type of Reporting Person (See Instructions)<br>OO | Type of Reporting Person (See Instructions)<br>OO |

**Comment for Type of Reporting Person:** Such percentage in row 11 is based on an aggregate of 97,427,087 Shares of the Issuer outstanding as of August 4, 2025 (according to the Issuer's Quarterly Report on Form 10-Q as filed with the Securities and Exchange Commission on August 11, 2025).

On September 15, 2025, Bayshore Rare Earths II, LLC completed a distribution in kind of 5,904,264 Shares of the Issuer to its members for no consideration upon the expiration of certain lock-up restrictions.

---

| 1. | Names of Reporting Persons<br>Tready A. Smith | Names of Reporting Persons<br>Tready A. Smith |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>X1 | Citizenship or Place of Organization<br>X1 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>37073.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>8628434.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>37073.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>8628434.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>8665507.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>8665507.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>8.89% | Percent of Class Represented by Amount in Row (9)<br>8.89% |
| 12. | Type of Reporting Person (See Instructions)<br>IN | Type of Reporting Person (See Instructions)<br>IN |

**Comment for Type of Reporting Person:** Tready A. Smith is the Chief Executive Officer of Bayshore Capital Advisors, LLC ("Bayshore Capital") and exercises sole voting and dispositive control over the securities held directly and indirectly by Bayshore Capital and may be deemed to beneficially own all of their reported Shares of the Issuer. Ms. Smith expressly disclaims beneficial ownership of all Shares beneficially owned by Bayshore Capital except to the extent of her pecuniary interest therein.

Such percentage in row 11 is based on an aggregate of 97,427,087 Shares of the Issuer outstanding as of August 4, 2025 (according to the Issuer's Quarterly Report on Form 10-Q as filed with the Securities and Exchange Commission on August 11, 2025).

On September 15, 2025, Bayshore Rare Earths II, LLC and an affiliated fund completed a distribution in kind of an aggregate of 7,716,078 Shares of the Issuer to their respective members for no consideration upon the expiration of certain lock-up restrictions.

---

**Item 1(a). Name of Issuer:**
USA Rare Earth, Inc.

**Item 1(b). Address of Issuer's Principal Executive Offices:**
100 W. Airport Road, Stillwater, OK 74075

**Item 2(a). Name of Person Filing:**
Bayshore Capital Advisors, LLC

Bayshore Rare Earths II, LLC

Bayshore MGR, LLC

Tready A. Smith

**Item 2(b). Address of Principal Business Office:**
1700 S. MacDill Avenue, Suite 340, Tampa, FL 33629

1700 S. MacDill Avenue, Suite 340, Tampa, FL 33629

1700 S. MacDill Avenue, Suite 340, Tampa, FL 33629

1700 S. MacDill Avenue, Suite 340, Tampa, FL 33629

**Item 2(c). Citizenship:**
Florida

Delaware

Delaware

United States of America

**Item 2(d). Title of Class of Securities:**
Common Stock, par value $0.0001 per share

**Item 2(e). CUSIP Number:**
91733P107

**Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:**

(a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e) [ ] An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f) [ ] An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g) [ ] A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j) [ ] A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), if filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

(k) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

**Item 4. Ownership:**

**(a) Amount beneficially owned:**

8,665,507.00

**(b) Percent of class:**

8.89

**(c) Number of shares as to which the person has:**

**(i) Sole power to vote or to direct the vote:**

37,073

**(ii) Shared power to vote or to direct the vote:**

8,628,434.00

**(iii) Sole power to dispose or to direct the disposition of:**

37,073

**(iv) Shared power to dispose or to direct the disposition of:**

8,628,434.00

**Item 5. Ownership of Five Percent or Less of a Class.**

[x] If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.

**Item 6. Ownership of More than 5 Percent on Behalf of Another Person.**

Not Applicable

**Item 7. Identification and Classification of the Subsidiary**

Not Applicable

**Item 8. Identification and Classification of Members of the Group**

Not Applicable

**Item 9. Notice of Dissolution of Group**

Not Applicable

**Item 10. Certification:**

—

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Bayshore Capital Advisors, LLC**

**Date:** 09/17/2025

**By:** /s/ Tready A. Smith

**Name & Title:** Tready A. Smith/as Chief Executive Officer

**Bayshore Rare Earths II, LLC**

**Date:** 09/17/2025

**By:** /s/ Tready A. Smith

**Name & Title:** Tready A. Smith/as Manager

**Bayshore MGR, LLC**

**Date:** 09/17/2025

**By:** /s/ Tready A. Smith

**Name & Title:** Tready A. Smith/as Manager

**Tready A. Smith**

**Date:** 09/17/2025

**By:** /s/ Tready A. Smith

**Name & Title:** Tready A. Smith