8-K
filed February 20, 2026, 6:59 PM ET
ticker MSPR
CIK 0001802450
other material
confidence high
sentiment negative
materiality 0.85
MSP Recovery, Inc. (MSPR): debt financing — MSP Recovery loses director and CFO; obtains two $0.2M emergency advances
MSP Recovery, Inc.
- Director Ophir Sternberg resigned Feb 13; CFO Francisco Rivas-Vasquez resigned Feb 17. Neither departure due to disagreements.
- Hazel Partners provided $0.2M one-time advance on Feb 19; total Operational Collection Floor now ~$7.4M. No further funding commitment.
- VRM MSP Recovery provided $0.2M advance on Feb 20 for payables; requires reimbursement from future financing and appointment of CRO Nader Tavakoli.
- Company has no committed liquidity; all advances are discretionary and not indicative of future availability.
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 loan of $0.2 million with VRM MSP Recovery Partners, LLC.
- Instrument
- loan
- Principal
- $0.2 million
- Counterparty
- VRM MSP Recovery Partners, LLC
- Event
- incurrence
Exact text from the filing
On February 20, 2026, the Company entered into a letter agreement (the “Advance Letter”) with VRM MSP Recovery Partners, LLC (“VRM”), pursuant to which VRM agreed to make available a one-time advance of recovery proceeds of $0.2 million
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
MSP Recovery, Inc. incurred credit facility of $0.2 million with Hazel Partners Holdings LLC.
- Instrument
- credit facility
- Principal
- $0.2 million
- Counterparty
- Hazel Partners Holdings LLC
- Event
- incurrence
Exact text from the filing
Holdings LLC (“Hazel”), in its capacity as administrative agent and lender under the Company’s existing working capital credit facility (the “Hazel Letter Agreement”) to provide $0.2 million to be used primarily for operating expenses. As previously disclosed in the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2025 (the “Q3-2025 Form
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
MSP Recovery, Inc. entered into Advance Letter with VRM MSP Recovery Partners, LLC with VRM MSP Recovery Partners, LLC valued at $0.2 million (effective 2026-02-20).
- Action
- entry
- Counterparty
- VRM MSP Recovery Partners, LLC
- Value
- $0.2 million
- Effective
- 2026-02-20
Exact text from the filing
On February 20, 2026, the Company entered into a letter agreement (the “Advance Letter”) with VRM MSP Recovery Partners, LLC (“VRM”), pursuant to which VRM agreed to make available a one-time advance of recovery proceeds of $0.2 million to be used primarily to support the Company’s accounts payables.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
MSP Recovery, Inc. entered into Hazel Letter Agreement with Hazel Partners Holdings LLC valued at $0.2 million (effective 2026-02-19).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Hazel Partners Holdings LLC
- Value
- $0.2 million
- Effective
- 2026-02-19
Exact text from the filing
On February 19, 2026, MSP Recovery, Inc. (the “Company”), through its subsidiaries, entered into a letter agreement with Hazel Partners Holdings LLC (“Hazel”), in its capacity as administrative agent and lender under the Company’s existing working capital credit facility (the “Hazel Letter Agreement”) to provide $0.2 million to be used primarily for operating expenses.
View on SEC.gov
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