other_material
confidence high
sentiment negative
materiality 0.85
MSP Recovery receives Nasdaq delisting notice; Yorkville floor price cut to $0.50
MSP Recovery, Inc.
- Nasdaq delisting determination received Oct 22, 2025; trading suspended Oct 31 unless hearing requested by Oct 29. Company intends to appeal.
- Stockholders' deficit of $128.4M as of Dec 31, 2024, cited for non-compliance with minimum equity requirement of $2.5M.
- Yorkville floor price under SEPA reduced from $1.00 to $0.50 per share; Nomura note amended to $35.4M at 16% interest, maturity Nov 2026.
- Yorkville second supplemental agreement allows up to $3M funding; first $0.5M advance at 10% OID nets $0.45M for operations.
- Company granted limited waiver to use $3M of Yorkville proceeds for operations instead of Nomura note obligations.