MSP Recovery (MSPR) Company Report

MSP Recovery, Inc. and YA II PN, Ltd. (Yorkville) agreed to reduce the Floor Price for convertible promissory notes under their Standby Equity Purchase Agreement from $1.00 to $0.50 per share, effective October 28, 2025.
The company amended and restated a promissory note with Nomura Securities International, Inc. on October 24, 2025, reflecting a principal amount of approximately $35.4 million with a 16.0% per annum interest rate and a maturity date of November 30, 2026.
Yorkville agreed to provide up to $3.0 million in additional funding through Convertible Promissory Notes, with an initial advance of $0.50 million (resulting in $0.45 million net proceeds) made on October 28, 2025.

Oct 28, 2025, 8:39 PM

MSP Recovery Announces New Secured Term Loan Facility

MSPR

Debt Issuance

New Projects/Investments

MSP Recovery has entered into a non-binding term sheet for a new secured term loan facility of up to $55 million.
The facility is structured with Tranche A Loans of up to $10.0 million (with $5.0 million expected at closing) and a Tranche B Loan of up to $45.0 million available after closing.
This funding aims to provide significant working capital and additional operational funding to drive future growth and expand the Company's portfolio of assigned claims.
The facility would mature 36 months following closing and involves the issuance of warrants to the lender, potentially covering up to 46.0% of the Company's fully diluted equity if fully drawn.

Aug 30, 2025, 1:50 AM

MSPR Announces Reverse Stock Split

MSPR

Delisting/Listing Issues

MSP Recovery, Inc. will effect a 1-for-7 reverse stock split of its Class A common stock.
The reverse stock split is effective at 11:59 P.M. on September 1, 2025, to maintain compliance with Nasdaq's $1.00 minimum bid price requirement.
The company's common stock will begin trading on a split-adjusted basis on the Nasdaq Capital Market when it opens on September 2, 2025.
Immediately after the reverse split, there will be approximately 1.02 million shares of Class A common stock issued and outstanding.