{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-25-090865","form_type":"8-K","ticker":"MSPR","cik":"0001802450","company_name":"MSP Recovery, Inc.","filed_at":"2025-06-27T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.774381+00:00","generated_at":"2026-05-18T16:20:59.536178+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"confidence":"high","headline":"MSP Recovery amends Nomura note to ~$33.6M, issues $0.75M Yorkville convertible note","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-25-090865","json":"https://secwatch.observer/filing/0000950170-25-090865.json","markdown":"https://secwatch.observer/filing/0000950170-25-090865.md","text":"https://secwatch.observer/filing/0000950170-25-090865.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1802450/000095017025090865/0000950170-25-090865-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1802450/000095017025090865/mspr-20250626.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T16:20:59.536178+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":[{"claim_id":"2abc1616639109ba3aa45a6af67a0f8f9eed510e","claim":"MSP Recovery, Inc. incurred convertible notes of $0.8 million with YA PN II, Ltd. (\"Yorkville\").","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1802450/000095017025090865/0000950170-25-090865-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$0.8 million"},{"label":"Counterparty","value":"YA PN II, Ltd. (\"Yorkville\")"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}