# EDGAR Filing Document

**Accession Number:** 0001970622
**File Stem:** 0001641172-25-023993
**Filing Date:** 2025-8
**Character Count:** 12053
**Document Hash:** ef0dacec9a9a4844a7b34596ead157d8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001641172-25-023993.hdr.sgml**: 20250814

**ACCESSION NUMBER**: 0001641172-25-023993

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

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250814

**DATE AS OF CHANGE**: 20250814

**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:** 251218751

**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:** Newtyn Management, LLC
- **CENTRAL INDEX KEY:** 0001569241

**ORGANIZATION NAME:**
- **EIN:** 453017573
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

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

**BUSINESS ADDRESS:**
- **STREET 1:** 60 EAST 42ND STREET
- **STREET 2:** 9TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10165
- **BUSINESS PHONE:** 212-446-2465

**MAIL ADDRESS:**
- **STREET 1:** 60 EAST 42ND STREET
- **STREET 2:** 9TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10165

### 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:** 06/30/2025

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

- [ ] Rule 13d-1(b)

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

- [ ] Rule 13d-1(d)

---

| 1. | Names of Reporting Persons<br>Newtyn Management, LLC | Names of Reporting Persons<br>Newtyn Management, 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>NY | Citizenship or Place of Organization<br>NY |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>444353.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>444353.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>0.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>444353.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>444353.00 |
| 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>0.5% | Percent of Class Represented by Amount in Row (9)<br>0.5% |
| 12. | Type of Reporting Person (See Instructions)<br>IA | Type of Reporting Person (See Instructions)<br>IA |

**Comment for Type of Reporting Person:** See Item 2 for additional information.

---

| 1. | Names of Reporting Persons<br>Newtyn TE Partners, LP | Names of Reporting Persons<br>Newtyn TE Partners, LP |
|:---|:---|:---|:---|
| 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>274386.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>274386.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>0.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>274386.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>274386.00 |
| 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>0.3% | Percent of Class Represented by Amount in Row (9)<br>0.3% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

**Comment for Type of Reporting Person:** See Item 2 for additional information.

---

**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:**
This report on Schedule 13G is being filed by (i) Newtyn Management, LLC, a New York limited liability company ("Newtyn Management"), and (ii) Newtyn TE Partners, LP, a Delaware limited partnership ("NTE", and collectively with Newtyn Management, the "Reporting Persons"). Newtyn Management is the investment manager to NTE and Newtyn Partners, LP, a Delaware limited partnership  ("NP").

As of June 30, 2025, NTE held 154,374 shares of Series A Cumulative Convertible Preferred Stock, par value $0.0001 per share (the "Series A Preferred Stock"), convertible into 274,386 shares of Common Stock, par value $0.0001 per share (the "Common Stock"), of USA Rare Earth, Inc. (the "Issuer") and NP held 95,626 shares of Series A Preferred Stock convertible into 169,967 shares of Common Stock of the Issuer. Newtyn Management, as the investment manager to NTE and NP, may be deemed to beneficially own these securities. Accordingly, as of June 30, 2025, Newtyn Management may be deemed to beneficially own the 250,000 shares of Series A Preferred Stock convertible into 444,353 shares of Common Stock of the Issuer held in the aggregate by NTE and NP. Beneficial ownership percentages are based upon 94,704,077 shares of Common Stock of the Issuer issued and outstanding as of June 13, 2025, based on information reported by the Issuer in its Rule 424(b)(3) Prospectus filed with the Securities and Exchange Commission on July 2, 2025.

As of June 30, 2025, NTE held 648,250 Preferred Investor Warrants to purchase up to 648,250 shares of Common Stock of the Issuer and NP held 402,171 Preferred Investor Warrants to purchase up to 402,171 shares of Common Stock of the Issuer. The exercise of the Preferred Investor Warrants was subject to the registration of the underlying shares of Common Stock pursuant to an effective  registration statement. As of June 30, 2025, the Preferred Investor Warrants were not exercisable as the underlying shares of Common Stock were not registered pursuant to an effective  registration statement. As a result, the Reporting Persons are not deemed to have beneficial ownership of the underlying shares of Common Stock as of June 30, 2025.

**Item 2(b). Address of Principal Business Office:**
The address for the Reporting Persons is 60 East 42nd Street, 9th Floor, New York, NY 10165.

**Item 2(c). Citizenship:**
Newtyn Management is organized under the laws of the State of New York. NTE is organized under the laws of the State of Delaware.

**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:**

Newtyn Management, LLC - 444,353.00
Newtyn TE Partners, LP - 274,386.00

**(b) Percent of class:**

Newtyn Management, LLC - 0.5 %
Newtyn TE Partners, LP - 0.3 %

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

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

Newtyn Management, LLC - 444,353.00
Newtyn TE Partners, LP - 274,386.00

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

Newtyn Management, LLC - 0.00
Newtyn TE Partners, LP - 0.00

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

Newtyn Management, LLC - 444,353.00
Newtyn TE Partners, LP - 274,386.00

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

Newtyn Management, LLC - 0.00
Newtyn TE Partners, LP - 0.00

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

[ ] 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:**

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

### 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.

**Newtyn Management, LLC**

**Date:** 08/14/2025

**By:** /s/ Eugene Dozortsev

**Name & Title:** Eugene Dozortsev, Authorized Signatory

**Newtyn TE Partners, LP**

**Date:** 08/14/2025

**By:** /s/ Eugene Dozortsev

**Name & Title:** Eugene Dozortsev, Authorized Signatory of Newtyn Management, LLC, the Investment Manager