secwatch.observer — SEC 8-K summary
======================================

Issuer:     MSP Recovery, Inc. (MSPR)
CIK:        0001802450
Form:       8-K
Filed at:   2023-10-16T23:59:59+00:00
Accession:  0000950170-23-053558
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MSP Recovery effects 1-for-25 reverse stock split to avoid Nasdaq delisting
---------------------------------------------------------------------------

- Reverse stock split effective Oct 12, 2023; every 25 shares combined into 1 share.
- Class A shares reduced from ~335M to ~13.4M; Up-C units from ~3.1B to ~124.3M.
- No fractional shares; holders with fractional shares rounded up to nearest whole share.
- Split aims to raise bid price above $0.10 to regain compliance with Nasdaq minimum bid rule.
- Company had received delisting determination; appeal hearing pending after split.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1802450/000095017023053558/0000950170-23-053558-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1802450/000095017023053558/lifw-20231012.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-053558

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer