{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-25-025599","form_type":"8-K","ticker":"MSPR","cik":"0001802450","company_name":"MSP Recovery, Inc.","filed_at":"2025-02-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:04.927815+00:00","generated_at":"2026-05-26T06:08:59.921317+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.8,"confidence":"high","headline":"MSP Recovery term sheet with Virage to issue 33.3% of Class A stock to settle MTA obligations","bullets":["Virage may exercise warrants to acquire 33 1/3% of outstanding Class A common stock at $0.0025/share.","Remaining unexercised warrants to be surrendered and terminated.","Proxy voting rights granted to MRCS Principals for 51% voting control over Virage-issued shares.","Company's obligation to pay Required Monthly Issuance (1% of Unpaid Base Amount) to be terminated.","Agreement subject to definitive documentation; Virage's 9.99% ownership cap removed."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-25-025599","json":"https://secwatch.observer/filing/0000950170-25-025599.json","markdown":"https://secwatch.observer/filing/0000950170-25-025599.md","text":"https://secwatch.observer/filing/0000950170-25-025599.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1802450/000095017025025599/0000950170-25-025599-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1802450/000095017025025599/mspr-20250218.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T06:08:59.921317+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}