secwatch.observer — SEC 8-K summary
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Issuer:     MSP Recovery, Inc. (MSPR)
CIK:        0001802450
Form:       8-K
Filed at:   2025-06-27T23:59:59+00:00
Accession:  0000950170-25-090865
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1802450/000095017025090865/0000950170-25-090865-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1802450/000095017025090865/mspr-20250626.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-090865

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer