secwatch.observer — SEC 8-K summary
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Issuer:     MSP Recovery, Inc. (MSPR)
CIK:        0001802450
Form:       8-K
Filed at:   2024-10-25T23:59:59+00:00
Accession:  0000950170-24-117405
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MSP Recovery issues 109.7M warrants to VRM at $0.0001/share
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1802450/000095017024117405/0000950170-24-117405-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1802450/000095017024117405/lifw-20241023.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-117405

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