When REA insiders can sell
Rare Earths Americas, Inc. · IPO prospectus filed 2026-05-07 · Single cliff · 180-day lock-up
That is the calendar date the clause computes to, counted from the prospectus date. It is the only date computable without knowing a future earnings date, which is why everything that could pull it earlier is printed below it on this page rather than folded into it.
The lock-up clause, in the issuer's words
Every other free lock-up calendar tells you 180 days and moves on. This is the actual sentence the date above was computed from, so that if the words do not support the number, the number is wrong and the filing is one click away.
…enter into any swap, hedge or other agreement or transaction that transfers, in whole or in part, the economic consequence of ownership of common stock, or securities exchangeable or exercisable for or convertible into shares of common stock, or publicly announce an intention to do any of the foregoing for a period of 180 days after the date of this prospectus without the prior written consent of the Representative. 157 In addition, we and each such person agrees that, without the prior written consent of the Representative, we or such other person will not, during the restricted period, make any demand for, or exercise any right with respect to, the registration of any shares of our common stock or any security convertible into or exercisable or exchangeable for common stock. The restrictions in the immediately preceding paragraph do not apply to, among other things,…
Where the share count comes from
The prospectus never prints the number of shares coming free, and nothing in it lets the figure be derived. That is why this deal carries no flow math.
| Shares outstanding after the offering | 19,936,937 |
| Underwriters' over-allotment option | 499,999 |
Exceptions written into the lock-up (4)
Each of these is a route by which REA shares can move before 2026-11-03. The 10b5-1 carve-out is the one worth reading twice: it lets insiders put a selling plan in place during the lock-up, so the first sales can be automatic and immediate rather than discretionary and later.
- 10b5-1 plan
- bona fide gift or charitable transfer
- estate planning or family transfer
- option exercise or RSU settlement
…ferred stock, warrants to acquire preferred stock or convertible securities into shares of common stock or warrants to acquire shares of common stock; (d) the establishment or amendment of trading plans pursuant to Rule 10b5-1 under the Exchange Act; provided that (1) no transfers occur under such plan during such lock-up period and (2) no filing by any party under the Exchange Act or other public announcement shall be made voluntarily in connection with the establishment or amendment of such trading plans pursuant to Rule 10b5-1, provided that if a filing under the Exchange Act or other public announcement is required, such announc…
The restrictions in the immediately preceding paragraph do not apply to, among other things, and subject in certain cases to various conditions: (a) transfers in certain circumstances, including: (i) as a bona fide gift or gifts, or charitable contribution, or for bona fide estate planning purposes, (ii) by will or intestacy or any other testamentary document, (iii) to any member of the immediate family or to any trust for the direct or indirect benefit of the holder or the immediate family of the holder, or if the holder is a trust, to a trustor, trustee or beneficiary of the trust or to the estate of a trustor, trus…
…rcent of our average total assets at year end for the last two completed fiscal years, and (2) any of our directors, executive officers, or holders of more than 5% of our capital stock, or any affiliate or member of the immediate family of the foregoing persons, had or will have a direct or indirect material interest, other than compensation and other arrangements that are described under the section titled Executive Compensation in this prospectus. Consulting Agreements with Predecessor s NEOs Please refer to the section titled Executive Compensation for a description of the consulting arrangements and shared services agreement entered into between our Predecessor and Mr.
Business Mining Rights and Properties ; the vesting and settlement of 581,609 outstanding RSUs, that will vest automatically upon the closing of this offering; no exercise of the outstanding warrants described above; no settlement of outstanding RSUs other than the 581,609 shares issued in connection with the automatic settlement of RSUs upon the closing of this offering; no exercise by the underwriters of their over-allotment option to purchase up to 499,999 additional shares of our common stock ; no grants of additional equity awards under the 2025 Plan after December 31, 2025; no exercise of certain mineral rights and/or lease op…
What we could not establish
REA is read but not publishable: the prospectus does not state how many shares come free. So there is no absorb-day figure on this page and no call, and there will not be one until the number exists in a filing.
The common case is a prospectus that says "substantially all" of the locked shares become eligible for sale without ever printing a count. The clause above is quoted in full so you can see that for yourself. An estimate presented with a filing link beside it would read as a filing figure, and that is worse than an admission — it is the one failure mode a reader cannot detect.
How this reading of REA could be wrong
The lock-up period is restated 3 times in this prospectus. Issuers repeat the clause on the cover, in the summary, in the risk factors and in the underwriting section, and the wording is not always identical. The parser resolved them to one period; if a reader finds a restatement that disagrees, the quote above is the one it used.
The volume is a vendor's, not ours. REA is not in our own price table, so average daily volume comes from yahoo-finance2 daily bars (symbol not in our price table). Vendor bars for recently listed symbols are the ones most likely to be wrong.
Only 20 sessions of volume history. This is a recent IPO, and early volume is dominated by the offering itself. An average over 20 sessions of a stock that has barely traded is the weakest input on the page, and absorb days inherits every bit of that weakness.
The parser can misread a filing. That is why every number here is printed next to the words it came from. Earlier versions of this parser read the underwriters' 30-day over-allotment window as a 30-day lock-up on five deals, and double-counted one issuer's share total because the offering summary appears on both the cover and in the summary section.
Also unlocking in 2026-11 (10)
Lock-ups cluster, because IPOs cluster: these priced in the same window as REA and come free in the same month. Several heavy releases landing together is a different situation from one.
| Deal | Expiry | Shares free | Absorb days |
|---|---|---|---|
| HAWK HawkEye 360, Inc. | 2026-11-03 | 77.1M | 44.3 sessions |
| ODTX Odyssey Therapeutics, Inc. | 2026-11-04 | 27.1M | 94.8 sessions |
| SUJA SUJA LIFE, INC. | 2026-11-04 | 29.7M | 179 sessions |
| FRVO Fervo Energy Co | 2026-11-10 | 205.0M | 22.3 sessions |
| GMRS GMR Solutions Inc. | 2026-11-10 | 22.1M | 32.8 sessions |
| CBRS Cerebras Systems Inc. | 2026-11-10 | 212.9M | 18.7 sessions |
| EROK EagleRock Land, LLC | 2026-11-10 | — | — |
| BXDC Blackstone Digital Infrastructure Trust Inc. | 2026-11-11 | — | — |
| GUAC Berto Acquisition Corp. II | 2026-11-14 | — | — |
| LCLN Lincoln International, Inc. | 2026-11-17 | — | — |
Learn to read these clauses yourself
The flow arithmetic on this page — shares unlocking divided by average daily volume, and why the clause has to be read rather than assumed — taught step by step, free.
Radar built 2026-11-07 from EDGAR full-text search over 424B4 filings · all 80 parsed lock-ups and the scoreboard · REA's prospectus on EDGAR · what funds carried these companies at before listing