secwatch.observer — SEC 8-K summary
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Issuer:     MSP Recovery, Inc. (MSPR)
CIK:        0001802450
Form:       8-K
Filed at:   2025-06-05T23:59:59+00:00
Accession:  0000950170-25-082304
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 1.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1802450/000095017025082304/0000950170-25-082304-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1802450/000095017025082304/mspr-20250530.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-082304

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