secwatch.observer — SEC 8-K summary
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Issuer:     MSP Recovery, Inc. (MSPR)
CIK:        0001802450
Form:       8-K
Filed at:   2022-06-29T23:59:59+00:00
Accession:  0001193125-22-185144
Event type: leadership
Sentiment:  negative
Materiality: 0.60
Item codes: 3.02, 5.02
LLM model:  deepseek-v4-flash:cloud@v2

MSP Recovery appoints Calvin Hamstra as CFO; issues 1M shares to Cano Health and 244k to Palantir
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- Calvin Hamstra named CFO, replacing Ricardo Rivera as principal financial officer; Hamstra was VP of Accounting since Sept 2021.
- Issued 1M shares of Class A common to Cano Health at $10/share for claims data; True-Up if 20-day avg below $10 after 12 months.
- Issued 244,339 shares of Class A common to Palantir for services; exempt from registration under Section 4(a)(2).
- Issued 50,022,000 Up-C Units (exchangeable for Class A common) to designees; 60% locked until Dec 27, 2022.
- Additional 45,504,708 Up-C Units remain unallocated for future issuance, including to employees.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1802450/000119312522185144/0001193125-22-185144-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1802450/000119312522185144/d376340d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-185144

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