Ben Haner

Josh Siegler

Kyle Bowser

Meyer Shields

- 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.  **[1802450_0001193125-25-253645_mspr-ex10_1.htm:0]** **[1802450_0001193125-25-253645_mspr-20251022.htm:1]** 
- 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**.  **[1802450_0001193125-25-253645_mspr-ex10_2.htm:0]** **[1802450_0001193125-25-253645_mspr-20251022.htm:1]** **[1802450_0001193125-25-253645_mspr-ex10_2.htm:1]** 
- 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.  **[1802450_0001193125-25-253645_mspr-20251022.htm:2]**

MSP Recovery Adjusts Convertible Note Floor Price and Amends Promissory Note

- MSP Recovery has entered into a non-binding term sheet for a new secured term loan facility of up to **$55 million**.  **[1802450_2ccf58a0ca35423186a1760f07227fad_0]** 
- 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.  **[1802450_2ccf58a0ca35423186a1760f07227fad_0]** 
- 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.  **[1802450_2ccf58a0ca35423186a1760f07227fad_0]** 
- 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.  **[1802450_2ccf58a0ca35423186a1760f07227fad_1]**

MSP Recovery Announces New Secured Term Loan Facility

- MSP Recovery, Inc. will effect a **1-for-7 reverse stock split** of its Class A common stock.  **[1802450_2b8e4d0878a448d593f36b15975c09fd_0]** 
- 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.  **[1802450_2b8e4d0878a448d593f36b15975c09fd_0]** 
- 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**.  **[1802450_2b8e4d0878a448d593f36b15975c09fd_0]** 
- Immediately after the reverse split, there will be approximately **1.02 million** shares of Class A common stock issued and outstanding.  **[1802450_2b8e4d0878a448d593f36b15975c09fd_0]**

MSP Recovery (MSPR)