---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-000723"
form_type: "8-K"
ticker: "MSPR"
cik: "0001802450"
company_name: "MSP Recovery, Inc."
filed_at: "2023-01-12T23:59:59+00:00"
generated_at: "2026-06-20T16:06:28.323236+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# MSP Recovery (LifeWallet) enters $1B equity purchase agreement with Yorkville

## Summary
- Up to $1B in newly issued Class A common stock at 98% of VWAP, capped at 650M shares or 19.99% of outstanding.
- Terminated prior purchase agreement and OTC equity forward with CF Principal Investments, LLC.
- Will pay Cantor Fitzgerald $3.75M advisory fee in common stock, plus up to $3.6225M deferred fee shares.
- Investor limited to 4.99% beneficial ownership; no mandatory minimum for individual purchases.
- Yorkville (YA II PN) also receives registration rights for resale of shares acquired.

## SEC filing metadata
- accession: 0000950170-23-000723
- form_type: 8-K
- ticker: MSPR
- cik: 0001802450
- company_name: MSP Recovery, Inc.
- filed_at: 2023-01-12T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1802450/000095017023000723/0000950170-23-000723-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1802450/000095017023000723/mspr-20230106.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-000723
- JSON: https://secwatch.observer/filing/0000950170-23-000723.json
- Plain text: https://secwatch.observer/filing/0000950170-23-000723.txt

## Key facts
- Material Agreements
  MSP Recovery, Inc. terminated Purchase Agreement with CF Principal Investments LLC (effective 2023-01-06).
  - Action: termination
  - Agreement: equity purchase
  - Counterparty: CF Principal Investments LLC
  - Effective: 2023-01-06
  source text: on January 6, 2023, the Company agreed to (i) terminate that certain (x) Purchase Agreement, dated May 17, 2022, with CF Principal Investments LLC ("CFPI")
  evidence_url: https://www.sec.gov/Archives/edgar/data/1802450/000095017023000723/0000950170-23-000723-index.htm
- Material Agreements
  MSP Recovery, Inc. amended Underwriting Agreement with Cantor Fitzgerald & Co. valued at up to $3,622,500 (effective 2023-01-06).
  - Action: amendment
  - Agreement: underwriting
  - Counterparty: Cantor Fitzgerald & Co.
  - Value: up to $3,622,500
  - Effective: 2023-01-06
  source text: amend the Underwriting Agreement, dated as of August 13, 2020, between the Company and Cantor Fitzgerald & Co., an affiliate of CFPI (“CF&CO”), to pay up to $3,622,500 in shares of Common Stock
  evidence_url: https://www.sec.gov/Archives/edgar/data/1802450/000095017023000723/0000950170-23-000723-index.htm
- Material Agreements
  MSP Recovery, Inc. terminated Confirmation with CF Principal Investments LLC (effective 2023-01-06).
  - Action: termination
  - Counterparty: CF Principal Investments LLC
  - Effective: 2023-01-06
  source text: (y) confirmation (the "Confirmation"), dated May 17, 2022 for an OTC Equity Prepaid Forward Transaction by and between CFPI and the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/1802450/000095017023000723/0000950170-23-000723-index.htm
- Material Agreements
  MSP Recovery, Inc. entered into Company Common Stock Purchase Agreement with YA II PN, Ltd. valued at $1 billion (effective 2023-01-06).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: YA II PN, Ltd.
  - Value: $1 billion
  - Effective: 2023-01-06
  source text: On January 6, 2023, MSP Recovery, Inc., a Delaware corporation d/b/a LifeWallet (Nasdaq: LIFW) (the “Company”) entered into a Company Common Stock Purchase Agreement (the “Purchase Agreement”) with YA II PN, Ltd. (“YAII”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1802450/000095017023000723/0000950170-23-000723-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.