secwatch.observer — SEC 8-K summary
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Issuer:     MSP Recovery, Inc. (MSPR)
CIK:        0001802450
Form:       8-K
Filed at:   2023-01-12T23:59:59+00:00
Accession:  0000950170-23-000723
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1802450/000095017023000723/0000950170-23-000723-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1802450/000095017023000723/mspr-20230106.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-000723

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