USA Rare Earth stock jumps on $1.6B U.S. backing — PIPE closing date and dilution in focus
USA Rare Earth shares rose 7.9% to $26.72 Monday, then fell 1% after hours following news of a $1.5 billion PIPE and a non-binding $277 million federal funding plan tied to the CHIPS program. The Commerce Department may take a 10% stake. The PIPE is set to close Jan. 28, pending conditions. Trading volume surged to 122 million shares.