secwatch.observer — SEC 8-K summary
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Issuer:     MSP Recovery, Inc. (MSPR)
CIK:        0001802450
Form:       8-K
Filed at:   2026-02-20T23:59:59+00:00
Accession:  0001193125-26-061332
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 2.03, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MSP Recovery loses director and CFO; obtains two $0.2M emergency advances
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1802450/000119312526061332/0001193125-26-061332-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1802450/000119312526061332/mspr-20260213.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-061332

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