---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-047258"
form_type: "8-K"
ticker: "MSPR"
cik: "0001802450"
company_name: "MSP Recovery, Inc."
filed_at: "2023-09-08T23:59:59+00:00"
generated_at: "2026-06-10T22:16:26.373766+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# MSP Recovery receives Nasdaq delisting notice over low bid price; plans reverse stock split

## Summary
- Nasdaq notified MSP Recovery on Sept 5, 2023 of delisting due to closing bid price of $0.10 for 10 consecutive trading days.
- Company will appeal delisting determination; hearing expected 30–45 days after appeal filing.
- Majority stockholders (86.9%) authorized reverse stock split at ratio from 1:3 to 1:300 to regain compliance.
- Also authorized amendment to include officer exculpation provision under DGCL.

## SEC filing metadata
- accession: 0000950170-23-047258
- form_type: 8-K
- ticker: MSPR
- cik: 0001802450
- company_name: MSP Recovery, Inc.
- filed_at: 2023-09-08T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 3.01, 3.03, 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1802450/000095017023047258/0000950170-23-047258-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1802450/000095017023047258/lifw-20230905.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-047258
- JSON: https://secwatch.observer/filing/0000950170-23-047258.json
- Plain text: https://secwatch.observer/filing/0000950170-23-047258.txt

## Key facts
- Listing & Compliance Notices
  MSP Recovery, Inc. received a nasdaq delisting notice notice regarding minimum bid price (rules 5810(3)(A)(iii), 5450(a)(1)).
  - Exchange: nasdaq
  - Notice: delisting notice
  - Deficiency: minimum bid price
  - Rules: 5810(3)(A)(iii), 5450(a)(1)
  source text: September 5, 2023, the Company received a determination from the Staff that the Company’s Class A common stock, par value $0.0001 (“ Class A Common Stock ”), had a closing bid price of $0.10 for 10 consecutive trading days during a compliance period and so, pursuant to Listing Rule 5810(3)(A)(iii), the staff determined to delist the Company’s securities from The Nasdaq Capital Market (the “ Delisting Determination ”). Pursuant to the procedures set out in the Nasdaq Listing Rules, the Company will appeal the Delisting Determination to a hearing panel (the “ Hearing ”), which will suspend the D
  evidence_url: https://www.sec.gov/Archives/edgar/data/1802450/000095017023047258/0000950170-23-047258-index.htm

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