debt
confidence high
sentiment neutral
materiality 0.45
MSP Recovery amends Nomura note to ~$33.6M, issues $0.75M Yorkville convertible note
MSP Recovery, Inc.
- Amended Nomura note to ~$33.6M principal; Nomura waives up to $3M of Yorkville SEPA proceeds.
- Issued $750K convertible note to Yorkville at 5% OID (net ~$712.5K), maturity March 1, 2027.
- Conversion price is lower of fixed price or 95% of lowest 5-day VWAP, with a $1.00 floor.
- Yorkville may convert note into common shares; beneficial ownership limited to 4.99%.
- Nomura waiver is subject to limitations; Yorkville convertible issued under existing $250M SEPA.
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