secwatch.observer — SEC 8-K summary
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Issuer:     MSP Recovery, Inc. (MSPR)
CIK:        0001802450
Form:       8-K
Filed at:   2024-11-18T23:59:59+00:00
Accession:  0000950170-24-127963
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1802450/000095017024127963/0000950170-24-127963-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1802450/000095017024127963/lifw-20241115.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-127963

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