{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-127963","form_type":"8-K","ticker":"MSPR","cik":"0001802450","company_name":"MSP Recovery, Inc.","filed_at":"2024-11-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:09.689064+00:00","generated_at":"2026-05-29T23:10:49.929345+00:00","sec_items":["1.01","3.03","5.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"MSP Recovery completes 1-for-25 reverse stock split; Nomura waives $4M in repayment requirements","bullets":["Effective Nov 15, 2024, every 25 shares of Class A and Class V common stock combined into one, reducing Class A shares from ~46.7M to ~1.9M.","Proportional adjustments made to LIFWW and LIFWZ warrants; no fractional shares issued; rounding up to nearest whole share.","Reverse split intended to regain compliance with NASDAQ minimum bid price rule and maintain listing.","Nomura agreed to limited waiver: through March 31, 2025, up to $4M in ATM proceeds can be used for operations instead of repaying promissory note.","Nomura waiver effective upon receipt of $355K minimum ATM payment from Oct/Nov 2024 offerings."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-127963","json":"https://secwatch.observer/filing/0000950170-24-127963.json","markdown":"https://secwatch.observer/filing/0000950170-24-127963.md","text":"https://secwatch.observer/filing/0000950170-24-127963.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1802450/000095017024127963/0000950170-24-127963-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1802450/000095017024127963/lifw-20241115.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T23:10:49.929345+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":[{"claim_id":"b2440bd1a786b997ec2d18b0fa632b680af5218a","claim":"MSP Recovery, Inc.: Amendment to Second Amended and Restated Certificate of Incorporation to effect a 1-for-25 reverse stock split of Class A Common Stock and Class V Common Stock effective November 15, 2024 (effective 2024-11-15).","evidence_excerpt":"Effective November 15 , 2024 , MSP Recovery, Inc. (the \"Company,\" \"we,\" \"us,\" or \"our\") amended our Second Amended and Restated Certificate of Incorporation in the State of Delaware (the \"Amendment\"), which provides that, at 11:59 P.M. on November 15, 2024 (the \"Reverse Split Effective Time\"), every 25 shares of our issued and outstanding Class A Common Stock and Class V Common Stock (together with the Class-B Units) were automatically combined into one issued and outstanding share of Class A Common Stock and Class V Common Stock (together with the Class-B Units ), respectively, without any change in the par value per share (the \"Reverse Stock Split\").","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1802450/000095017024127963/0000950170-24-127963-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2024-11-15"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}