---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-012923"
form_type: "8-K"
ticker: "MSPR"
cik: "0001802450"
company_name: "MSP Recovery, Inc."
filed_at: "2023-04-14T23:59:59+00:00"
generated_at: "2026-06-17T02:04:37.664209+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# MSP Recovery (LIFW) restates Q2 and Q3 2022 financial statements due to accounting errors in business combination

## Summary
- Audit Committee concluded Q2 and Q3 2022 financials should no longer be relied upon due to errors in accounting for business combination.
- Errors include using closing stock price instead of opening price for asset valuation and failure to consolidate rights to claim proceeds.
- Material weaknesses in internal controls over complex transactions were identified.
- Restated financials will be included in the 2022 annual report and future quarterly filings; no amendments to prior 10-Qs will be made.
- Company discussed the matters with independent auditor Deloitte & Touche LLP.

## SEC filing metadata
- accession: 0000950170-23-012923
- form_type: 8-K
- ticker: MSPR
- cik: 0001802450
- company_name: MSP Recovery, Inc.
- filed_at: 2023-04-14T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 4.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1802450/000095017023012923/0000950170-23-012923-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1802450/000095017023012923/mspr-20230414.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-012923
- JSON: https://secwatch.observer/filing/0000950170-23-012923.json
- Plain text: https://secwatch.observer/filing/0000950170-23-012923.txt

## Key facts
- Auditor Changes
  MSP Recovery, Inc. reported that prior financial statements should not be relied upon.
  - Action: non reliance
  source text: concluded that the Company’s quarterly financial statements for the periods ended June 30, 2022 and September 30, 2022 require restatements and should no longer be relied upon
  evidence_url: https://www.sec.gov/Archives/edgar/data/1802450/000095017023012923/0000950170-23-012923-index.htm

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