---
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"
generated_at: "2026-05-29T23:10:49.929345+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# MSP Recovery completes 1-for-25 reverse stock split; Nomura waives $4M in repayment requirements

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.03, 5.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-127963
- JSON: https://secwatch.observer/filing/0000950170-24-127963.json
- Plain text: https://secwatch.observer/filing/0000950170-24-127963.txt

## Key facts
- Governance Changes
  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).
  - Change: charter amendment
  - Effective: 2024-11-15
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1802450/000095017024127963/0000950170-24-127963-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.