secwatch.observer — SEC 8-K summary
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Issuer:     MSP Recovery, Inc. (MSPR)
CIK:        0001802450
Form:       8-K
Filed at:   2023-09-08T23:59:59+00:00
Accession:  0000950170-23-047258
Event type: regulatory
Sentiment:  negative
Materiality: 0.85
Item codes: 3.01, 3.03, 5.07
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1802450/000095017023047258/0000950170-23-047258-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1802450/000095017023047258/lifw-20230905.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-047258

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