---
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"
generated_at: "2026-05-18T16:20:59.536178+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# MSP Recovery amends Nomura note to ~$33.6M, issues $0.75M Yorkville convertible note

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-090865
- JSON: https://secwatch.observer/filing/0000950170-25-090865.json
- Plain text: https://secwatch.observer/filing/0000950170-25-090865.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1802450/000095017025090865/0000950170-25-090865-index.htm

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