---
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"
generated_at: "2026-05-19T22:30:19.747347+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# MSP Recovery restructuring term sheet terminated by Hazel and Virage; floor price reduced to $1.00

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 1.02, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-082304
- JSON: https://secwatch.observer/filing/0000950170-25-082304.json
- Plain text: https://secwatch.observer/filing/0000950170-25-082304.txt

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