other material
confidence high
sentiment negative
materiality 0.75
MSP Recovery issues 109.7M warrants to VRM at $0.0001/share
MSP Recovery, Inc.
- Issued warrants to purchase 43,380,152 shares (Sep 2024) and 66,322,033 shares (Oct 2024) to VRM.
- Exercise price of $0.0001 per share; warrants exercisable for two years from original issue date.
- Issuance part of Required Monthly Issuance under MTA Amendment; exempt from registration per Section 4(a)(2).
- Total potential dilution: 109,702,185 shares of Class A Common Stock.