---
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"
generated_at: "2026-06-04T21:30:59.835853+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# MSP Recovery gets $0.1M Hazel advance & $0.12M VRM advances; requires CRO appointment

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-065393
- JSON: https://secwatch.observer/filing/0001213900-26-065393.json
- Plain text: https://secwatch.observer/filing/0001213900-26-065393.txt

## Key facts
- Material Agreements
  MSP Recovery, Inc. entered into Recovery Proceeds Letter with VRM MSP Recovery Partners, LLC valued at $0.06 million (effective 2026-05-29).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: VRM MSP Recovery Partners, LLC
  - Value: $0.06 million
  - Effective: 2026-05-29
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1802450/000121390026065393/0001213900-26-065393-index.htm
- Material Agreements
  MSP Recovery, Inc. entered into Hazel Letter Agreement with Hazel Partners Holdings LLC valued at $0.1 million (effective 2026-05-29).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Hazel Partners Holdings LLC
  - Value: $0.1 million
  - Effective: 2026-05-29
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1802450/000121390026065393/0001213900-26-065393-index.htm
- Material Agreements
  MSP Recovery, Inc. entered into Advance Letter with VRM MSP Recovery Partners, LLC valued at $0.06 million (effective 2026-05-29).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: VRM MSP Recovery Partners, LLC
  - Value: $0.06 million
  - Effective: 2026-05-29
  source text: Pursuant to the Advance Letter (the “Advance Letter”), VRM agreed to make available a one-time advance of $0.06 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1802450/000121390026065393/0001213900-26-065393-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.