MSP Recovery, Inc. (MSPR): debt financing — 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.

item 1.01 item 2.03 item 3.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

MSP Recovery, Inc. incurred convertible notes of $0.8 million with YA PN II, Ltd. ("Yorkville").

Instrument: convertible notes
Principal: $0.8 million
Counterparty: YA PN II, Ltd. ("Yorkville")
Event: incurrence

Exact text from the filing

On June 26, 2025, YA PN II, Ltd. ("Yorkville") agreed to issue a fourth Convertible Note for $0.8 million with terms substantially the same as the previous Convertible Notes, issued pursuant to the SEPA.

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MSP Recovery, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-25-090865

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