MSP Recovery, Inc. (MSPR): Nasdaq/NYSE listing notice — 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.

item 1.01 item 2.03 item 3.01 item 3.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

MSP Recovery, Inc. incurred convertible notes of $0.50 million with YA II PN, Ltd. (Yorkville).

Instrument: convertible notes
Principal: $0.50 million
Counterparty: YA II PN, Ltd. (Yorkville)
Event: incurrence

Exact text from the filing

On October 28, 2025, Yorkville agreed to make an advance under the Second Supplemental Agreement pursuant to a Convertible Promissory Note issued by the Company to Yorkville for the principal amount of $0.50 million

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Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

MSP Recovery, Inc. received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: stockholders equity
Rules: 5550(b)(1)

Exact text from the filing

April 24, 2025, MSP Recovery, Inc. (the “Company”) received a letter (the “Notice”) from the Listing Qualifications Department (the “Staff”) of the Nasdaq Stock Market LLC (“Nasdaq”) informing the Company that it was not in compliance with the minimum stockholders’ equity requirement for continued listing on the Nasdaq Capital Market, under Listing Rule 5550(b)(1), because the Company’s stockholders’ deficit of $128.4 million, as reported in the Company’s Form 10-K for the year ended December 31, 2024, was below the required minimum of $2.5 million, and because, as of April 24, 2025, the Compa

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Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

MSP Recovery, Inc. received a nasdaq delisting notice notice regarding stockholders equity (rules 5550(b)(1)).

Exchange: nasdaq
Notice: delisting notice
Deficiency: stockholders equity
Rules: 5550(b)(1)

Exact text from the filing

October 22, 2025, the Company received a Staff Delisting Determination (the “Delisting Notification”), notifying the Company that trading of its common stock will be suspended from the Nasdaq Capital Market at the opening of business on October 31, 2025, and a Form 25-NSE will be filed with the Securities and Exchange Commission, which will remove the Company’s securities from listing and registration on Nasdaq. Pursuant to the Delisting Notification, the Company has until 4:00 p.m. Eastern Time on October 29, 2025 to submit a written request for a review of the Delisting Notification by a Hea

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41 debt financings filed in the last 30 days. Browse all debt financings →

MSP Recovery, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-25-253645

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