---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-015893"
form_type: "8-K"
ticker: "MSPR"
cik: "0001802450"
company_name: "MSP Recovery, Inc."
filed_at: "2023-04-28T23:59:59+00:00"
generated_at: "2026-06-16T06:40:03.673880+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# MSP Recovery gets Nasdaq bid-price deficiency notice; 180-day cure period

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-015893
- form_type: 8-K
- ticker: MSPR
- cik: 0001802450
- company_name: MSP Recovery, Inc.
- filed_at: 2023-04-28T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1802450/000095017023015893/0000950170-23-015893-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1802450/000095017023015893/mspr-20230424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-015893
- JSON: https://secwatch.observer/filing/0000950170-23-015893.json
- Plain text: https://secwatch.observer/filing/0000950170-23-015893.txt

## Key facts
- Listing & Compliance Notices
  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)
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1802450/000095017023015893/0000950170-23-015893-index.htm

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