secwatch.observer — SEC 8-K summary
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Issuer:     MSP Recovery, Inc. (MSPR)
CIK:        0001802450
Form:       8-K
Filed at:   2026-01-09T23:59:59+00:00
Accession:  0001193125-26-008897
Event type: debt
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 2.03, 2.04, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1802450/000119312526008897/0001193125-26-008897-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1802450/000119312526008897/mspr-20260106.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-008897

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer