MSP Recovery technical default under Yorkville notes after Nasdaq delisting; waived through March 2026

MSP Recovery, Inc.

Delisted from Nasdaq on Dec 22, 2025; now trades on OTCQB.
Technical Event of Default under Yorkville convertible notes (~$3.6M outstanding) on Jan 6, 2026.
Yorkville extended Primary Market Period to 90 calendar days (thru Mar 22, 2026) if stock stays on OTCQB.
No acceleration notice received; default would require ~$1.5M monthly payments.
Company believes no cross-default to other debt but no guarantee.

item 1.01 item 2.03 item 2.04 item 9.01

Machine-readable event card

schema_version: secwatch.filing_event.v1
accession: 0001193125-26-008897
form_type: 8-K
ticker: MSPR
cik: 0001802450
company_name: MSP Recovery, Inc.
filed_at: 2026-01-09T23:59:59+00:00
discovered_at: 2026-05-14T18:02:36.223292+00:00
generated_at: 2026-05-16T11:05:04.204022+00:00
sec_items: ["1.01", "2.03", "2.04", "9.01"]
event_type: debt
sentiment: negative
materiality_score: 0.7
confidence: high
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edgar_primary_document_url: https://www.sec.gov/Archives/edgar/data/1802450/000119312526008897/mspr-20260106.htm
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correction_note: null
correction_timestamp: null
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Source: SEC EDGAR

accession 0001193125-26-008897

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