secwatch.observer — SEC 8-K summary
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Issuer:     MSP Recovery, Inc. (MSPR)
CIK:        0001802450
Form:       8-K
Filed at:   2024-04-01T23:59:59+00:00
Accession:  0000950170-24-039537
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

MSP Recovery extends Virage debt maturity to Sep 2025, amends Nomura note to $30M
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- Third Virage MTA Amendment extends VRM Full Return maturity to September 30, 2025, subject to acceleration triggers.
- 25% of net proceeds from Standby Equity Purchase Agreement with YA II PN used to pay down VRM Full Return after YA note repayment.
- Company agreed to sell reserved shares of John H. Ruiz and Frank C. Quesada and deliver net cash proceeds to VRM.
- Nomura Amended and Restated Promissory Note increased principal to approximately $30M and extended maturity to September 30, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1802450/000095017024039537/0000950170-24-039537-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1802450/000095017024039537/lifw-20240326.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-039537

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