secwatch.observer — SEC 8-K summary
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Issuer:     MSP Recovery, Inc. (MSPR)
CIK:        0001802450
Form:       8-K
Filed at:   2025-10-28T23:59:59+00:00
Accession:  0001193125-25-253645
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 2.03, 3.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1802450/000119312525253645/0001193125-25-253645-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1802450/000119312525253645/mspr-20251022.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-253645

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