MSP Recovery issues $0.75M convertible note to Yorkville; replaces auditor Deloitte with Baker Tilly

MSP Recovery, Inc.

Issued fifth convertible note for $0.75M under SEPA; net proceeds $0.71M; 5% interest, convertible at 95% of 5-day VWAP (floor $1.00), maturity March 2027.
Deloitte & Touche dismissed as auditor; Baker Tilly appointed for FY2025 starting Q3 review; no accounting disagreements, but going-concern and impairment emphasis in prior reports.
Previous material weaknesses in internal controls (HR/payroll, contract terminations) were remediated by December 2024, per the company.

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