---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-253645"
form_type: "8-K"
ticker: "MSPR"
cik: "0001802450"
company_name: "MSP Recovery, Inc."
filed_at: "2025-10-28T23:59:59+00:00"
generated_at: "2026-05-17T01:58:25.721776+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# MSP Recovery receives Nasdaq delisting notice; Yorkville floor price cut to $0.50

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-253645
- form_type: 8-K
- ticker: MSPR
- cik: 0001802450
- company_name: MSP Recovery, Inc.
- filed_at: 2025-10-28T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03, 3.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1802450/000119312525253645/0001193125-25-253645-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1802450/000119312525253645/mspr-20251022.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-253645
- JSON: https://secwatch.observer/filing/0001193125-25-253645.json
- Plain text: https://secwatch.observer/filing/0001193125-25-253645.txt

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