---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-237069"
form_type: "8-K"
ticker: "MSPR"
cik: "0001802450"
company_name: "MSP Recovery, Inc."
filed_at: "2025-10-10T23:59:59+00:00"
generated_at: "2026-05-17T04:05:29.508892+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-237069
- form_type: 8-K
- ticker: MSPR
- cik: 0001802450
- company_name: MSP Recovery, Inc.
- filed_at: 2025-10-10T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1802450/000119312525237069/0001193125-25-237069-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1802450/000119312525237069/mspr-20251007.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-237069
- JSON: https://secwatch.observer/filing/0001193125-25-237069.json
- Plain text: https://secwatch.observer/filing/0001193125-25-237069.txt

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