---
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"
generated_at: "2026-05-26T06:08:59.921317+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# MSP Recovery term sheet with Virage to issue 33.3% of Class A stock to settle MTA obligations

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-025599
- JSON: https://secwatch.observer/filing/0000950170-25-025599.json
- Plain text: https://secwatch.observer/filing/0000950170-25-025599.txt

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