{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-113229","form_type":"8-K","ticker":"MSPR","cik":"0001802450","company_name":"MSP Recovery, Inc.","filed_at":"2024-10-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:09.688144+00:00","generated_at":"2026-05-30T19:25:13.663411+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"medium","headline":"MSP Recovery draws $9M at 40% OID; Hazel waives 2024 going-concern default trigger","bullets":["Drew $7M of $14M working capital (40% OID) and $2M for claims acquisition (40% OID) under amended credit line.","Hazel waived acceleration clause that would trigger on negative going-concern opinion for FY2024.","Amendment formalizes previously disclosed letter agreement; adds new credit party and claim distribution structure.","Third-party sale of certain claims requires Hazel floor price; proceeds split 50/50 between ops and loan repayment.","Hazel agreed to release mortgage and guaranty upon full repayment of Operational Collection Floor by Dec 31, 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-113229","json":"https://secwatch.observer/filing/0000950170-24-113229.json","markdown":"https://secwatch.observer/filing/0000950170-24-113229.md","text":"https://secwatch.observer/filing/0000950170-24-113229.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1802450/000095017024113229/0000950170-24-113229-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1802450/000095017024113229/lifw-20241002.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T19:25:13.663411+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}