{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-25-082304","form_type":"8-K","ticker":"MSPR","cik":"0001802450","company_name":"MSP Recovery, Inc.","filed_at":"2025-06-05T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.774170+00:00","generated_at":"2026-05-19T22:30:19.747347+00:00","sec_items":["1.01","1.02","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"MSP Recovery restructuring term sheet terminated by Hazel and Virage; floor price reduced to $1.00","bullets":["Hazel terminated Apr 10 term sheet on May 30 citing missed definitive-agreement deadline; funded $0.8M advance on June 2.","Virage terminated on June 4, citing Hazel's termination; both parties remain open to negotiating alternative funding.","Company and Yorkville reduced SEPA Floor Price from $3.75 to $1.00 per share effective June 5, 2025.","Restructuring envisioned cost reductions, debt-to-equity conversion, and working capital; now uncertain."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-25-082304","json":"https://secwatch.observer/filing/0000950170-25-082304.json","markdown":"https://secwatch.observer/filing/0000950170-25-082304.md","text":"https://secwatch.observer/filing/0000950170-25-082304.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1802450/000095017025082304/0000950170-25-082304-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1802450/000095017025082304/mspr-20250530.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T22:30:19.747347+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"}