---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-062285"
form_type: "8-K"
ticker: "MSPR"
cik: "0001802450"
company_name: "MSP Recovery, Inc."
filed_at: "2025-05-02T23:59:59+00:00"
generated_at: "2026-05-22T23:00:35.450963+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# MSP Recovery increases Nomura note to $32.7M and extends maturity to Nov 2026. Virage note also extended.

## Summary
- Nomura note principal raised to $32.7M (from $30.0M), maturity extended to November 30, 2026.
- Virage MTA maturity date also extended to November 30, 2026, subject to acceleration on Trigger Event.
- Interest on Nomura note accrues at 16.0% per annum, payable in cash or paid-in-kind.
- Company must use 100% of net cash from most capital events (50% from ATM) to prepay note.
- Company covenants to use commercially reasonable efforts to prepay note within 90 days of issuance.

## SEC filing metadata
- accession: 0000950170-25-062285
- form_type: 8-K
- ticker: MSPR
- cik: 0001802450
- company_name: MSP Recovery, Inc.
- filed_at: 2025-05-02T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1802450/000095017025062285/0000950170-25-062285-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1802450/000095017025062285/mspr-20250428.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-062285
- JSON: https://secwatch.observer/filing/0000950170-25-062285.json
- Plain text: https://secwatch.observer/filing/0000950170-25-062285.txt

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