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Thursday, March 13, 2025

Equity Corporate Actions Alert #2025 - 127
(UPDATED: CLOSED) Information Regarding the Business Combination of Inflection Point Acquisition Corp. II (IPXX/W/U) and USA Rare Earth, LLC

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The business combination of Inflection Point Acquisition Corp. II (IPXX/W/U) and USA Rare Earth, LLC closed today, Thursday, March 13, 2025. Following the completion of the business combination, the company's Class A Ordinary Share (IPXX) and Warrants (IPXXW) will undergo a name, symbol and CUSIP number change along with a change of domicile from the Cayman Islands to Delaware. The company's Units (IPXXU) will be suspended from trading. These actions will become effective on March 14, 2025.

The details of the name, symbol & CUSIP changes are follows:

Current Company Name & Issue Type: Inflection Point Acquisition Corp. II Class A Ordinary Share
New Company Name & Issue Type: USA Rare Earth, Inc. Class A Common Stock
Current CUSIP: G4790U102
New CUSIP: 91733P107
Current Symbol: IPXX
New Symbol: USAR
Marketplace Effective Date: March 14, 2025

Current Company Name & Issue Type: Inflection Point Acquisition Corp. II Warrants
New Company Name & Issue Type: USA Rare Earth, Inc. Warrant expiring 3/13/2030
Current CUSIP: G4790U110
New CUSIP: 91733P115
Current Symbol: IPXXW
New Symbol: USARW
Marketplace Effective Date: March 14, 2025

If you would like to register as a market maker in USAR or USARW, contact Nasdaq Trading Services at +1 212 231 5100.

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