MSP Recovery secures $3M Yorkville convertible note, floor price cut to $1; GC resigns

MSP Recovery, Inc.

Yorkville agrees to advance up to $3M in convertible notes with 10% OID; net principal increase per advance capped at $1M.
Floor Price on existing convertible notes reduced from $1.20 to $1.00 per share, increasing potential dilution.
General Counsel Alexandra Plasencia resigns effective Oct 17, 2025; no disagreement with company.
Additional funding follows prior $3M supplemental in June 2025; total Yorkville SEPA facility remains up to $250M.

item 1.01 item 5.02 item 9.01

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filed_at: 2025-10-10T23:59:59+00:00
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accession 0001193125-25-237069

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