secwatch.observer — SEC 8-K summary
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Issuer:     MSP Recovery, Inc. (MSPR)
CIK:        0001802450
Form:       8-K
Filed at:   2023-04-28T23:59:59+00:00
Accession:  0000950170-23-015893
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1802450/000095017023015893/0000950170-23-015893-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1802450/000095017023015893/mspr-20230424.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-015893

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