MSP Recovery, Inc. (MSPR): debt financing — MSP Recovery gets $188K in emergency advances; stock downgraded to OTC Pink

MSP Recovery, Inc.

OTC Markets downgraded MSPR to OTC Pink effective May 20, 2026 due to delinquent Form 10-K filing.
Hazel advanced $94,000 under discretionary facility; no further funding available.
VRM advanced $94,000; condition requires appointing Nader Tavakoli as Chief Restructuring Officer.
Company has no committed liquidity or borrowing base; future funding uncertain.
Downgrade could reduce liquidity and market price of MSPR common stock.

item 1.01 item 2.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.72

MSP Recovery, Inc. incurred credit facility of $0.1 million with VRM MSP Recovery Partners, LLC.

Instrument: credit facility
Principal: $0.1 million
Counterparty: VRM MSP Recovery Partners, LLC
Event: incurrence

Exact text from the filing

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 $0.1 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 $0.1 million one-time advance (effective 2026-05-15).

Action: entry
Agreement: credit facility
Counterparty: Hazel Partners Holdings LLC
Value: $0.1 million one-time advance
Effective: 2026-05-15

Exact text from the filing

On May 15, 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 $0.1 million to be used primarily for operating expenses.

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 valued at One-time advance of recovery proceeds of $0.1 million (effective 2026-05-15).

Action: entry
Counterparty: VRM MSP Recovery Partners, LLC
Value: One-time advance of recovery proceeds of $0.1 million
Effective: 2026-05-15

Exact text from the filing

On May 15, 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 $0.1 million to be used primarily to support the Company’s accounts payables.

View on SEC.gov

41 debt financings filed in the last 30 days. Browse all debt financings →

MSP Recovery, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-26-059017

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