secwatch.observer — SEC 8-K summary
======================================

Issuer:     MSP Recovery, Inc. (MSPR)
CIK:        0001802450
Form:       8-K
Filed at:   2025-01-30T23:59:59+00:00
Accession:  0000950170-25-011070
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MSP Recovery defers Yorkville monthly payment, commits to weekly share issuances
--------------------------------------------------------------------------------

- First Monthly Payment under Yorkville Notes deferred to no sooner than April 30, 2025.
- MSP must issue at least 100,000 shares per week for 8 weeks starting Feb 3, 2025, up to 898,939 shares.
- Proceeds from share sales to be used per SEPA; MSP can reduce Floor Price irrevocably to cure trigger.
- Trigger occurred Oct 18, 2024 when VWAP fell below $3.75 floor for 10 consecutive trading days.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1802450/000095017025011070/0000950170-25-011070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1802450/000095017025011070/mspr-20250124.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-011070

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