{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-26-059017","form_type":"8-K","ticker":"MSPR","cik":"0001802450","company_name":"MSP Recovery, Inc.","filed_at":"2026-05-19T20:12:06+00:00","discovered_at":"2026-05-19T20:13:04.330083+00:00","generated_at":"2026-05-19T20:14:48.129439+00:00","sec_items":["1.01","2.03","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"MSP Recovery gets $188K in emergency advances; stock downgraded to OTC Pink","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-059017","json":"https://secwatch.observer/filing/0001213900-26-059017.json","markdown":"https://secwatch.observer/filing/0001213900-26-059017.md","text":"https://secwatch.observer/filing/0001213900-26-059017.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1802450/000121390026059017/0001213900-26-059017-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1802450/000121390026059017/ea0291573-8k_msp.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T20:14:48.129439+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a8ca957e3772dd1e6212e45f4cd44a6fa6cd307f","claim":"MSP Recovery, Inc. incurred credit facility of $0.1 million with VRM MSP Recovery Partners, LLC.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1802450/000121390026059017/0001213900-26-059017-index.htm","confidence":0.72,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$0.1 million"},{"label":"Counterparty","value":"VRM MSP Recovery Partners, LLC"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"397d64be2d6d70eb0b26ee2cf429ea6b70b96969","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1802450/000121390026059017/0001213900-26-059017-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Hazel Partners Holdings LLC"},{"label":"Value","value":"$0.1 million one-time advance"},{"label":"Effective","value":"2026-05-15"}],"fact_type":"material_agreement"},{"claim_id":"bc01ff32aa3a88ba0b6bdb55cae824f82f8b03ac","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1802450/000121390026059017/0001213900-26-059017-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"VRM MSP Recovery Partners, LLC"},{"label":"Value","value":"One-time advance of recovery proceeds of $0.1 million"},{"label":"Effective","value":"2026-05-15"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}