{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-26-065393","form_type":"8-K","ticker":"MSPR","cik":"0001802450","company_name":"MSP Recovery, Inc.","filed_at":"2026-06-04T21:28:16+00:00","discovered_at":"2026-06-04T21:30:00.193306+00:00","generated_at":"2026-06-04T21:30:59.835853+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"MSP Recovery gets $0.1M Hazel advance & $0.12M VRM advances; requires CRO appointment","bullets":["Hazel Partners advances $0.1M one-time under Operational Collection Floor; no further funding commitment.","VRM MSP Recovery provides $0.06M advance and $0.06M retention of recovery proceeds on May 29, 2026.","VRM advances must be reimbursed from any future financing (excluding short-term Hazel funding).","Use of VRM funds conditional on appointing Nader Tavakoli as Chief Restructuring Officer.","No additional liquidity available under existing facilities; company faces severe cash constraints."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-065393","json":"https://secwatch.observer/filing/0001213900-26-065393.json","markdown":"https://secwatch.observer/filing/0001213900-26-065393.md","text":"https://secwatch.observer/filing/0001213900-26-065393.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1802450/000121390026065393/0001213900-26-065393-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1802450/000121390026065393/ea0293665-8k_msp.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T21:30:59.835853+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":"0a082c17ab0f08d90d512c6293aa03cd859993a5","claim":"MSP Recovery, Inc. entered into Recovery Proceeds Letter with VRM MSP Recovery Partners, LLC valued at $0.06 million (effective 2026-05-29).","evidence_excerpt":"Pursuant to the Recovery Proceeds Letter (the “Recovery Proceeds Letter”), VRM agreed to permit the Company a one-time retention of $0.06 million in Primary Series Recovery Proceeds otherwise payable to VRM.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1802450/000121390026065393/0001213900-26-065393-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"VRM MSP Recovery Partners, LLC"},{"label":"Value","value":"$0.06 million"},{"label":"Effective","value":"2026-05-29"}],"fact_type":"material_agreement"},{"claim_id":"5174491a1d6fba5030f84ed5e91788668a90eb7d","claim":"MSP Recovery, Inc. entered into Hazel Letter Agreement with Hazel Partners Holdings LLC valued at $0.1 million (effective 2026-05-29).","evidence_excerpt":"On May 29, 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/1802450/000121390026065393/0001213900-26-065393-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"},{"label":"Effective","value":"2026-05-29"}],"fact_type":"material_agreement"},{"claim_id":"77e0d273d5f795d5b7f98e252c101b7f6a3290a6","claim":"MSP Recovery, Inc. entered into Advance Letter with VRM MSP Recovery Partners, LLC valued at $0.06 million (effective 2026-05-29).","evidence_excerpt":"Pursuant to the Advance Letter (the “Advance Letter”), VRM agreed to make available a one-time advance of $0.06 million.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1802450/000121390026065393/0001213900-26-065393-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"VRM MSP Recovery Partners, LLC"},{"label":"Value","value":"$0.06 million"},{"label":"Effective","value":"2026-05-29"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}