MSP Recovery, Inc. (MSPR): Nasdaq/NYSE listing notice — MSP Recovery gets Nasdaq bid-price deficiency notice; 180-day cure period

MSP Recovery, Inc.

Nasdaq notified MSP Recovery on April 24, 2023 that common stock closing bid was below $1.00 for 30 consecutive business days.
Company has 180 days, until October 23, 2023, to regain compliance with Nasdaq Listing Rule 5450(a)(1).
Regaining compliance requires closing bid of at least $1.00 for 10 consecutive business days.
If not cured, company may qualify for an additional 180 days or face potential delisting and appeal process.
Management will consider available options including a reverse stock split to cure the deficiency.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.99

MSP Recovery, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5450(a)(1)

Exact text from the filing

April 24, 2023, MSP Recovery, Inc. (“the Company”, “we”, “us” or “our”) received notice from the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”) that the closing bid price for our common stock had been below $1.00 per share for the previous 30 consecutive business days, and that we are therefore not in compliance with the minimum bid price requirement for continued inclusion on Nasdaq under Nasdaq Listing Rule 5450(a)(1). The notice indicates that we will have 180 calendar days, or until October 23, 2023, to regain compliance with this requirement. We can regain com

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5 listing & compliance notices filed in the last 30 days. Browse all listing & compliance notices →

MSP Recovery, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-015893

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