MSP Recovery, Inc. (MSPR): debt financing — MSP Recovery issues $750K convertible note to Yorkville; annual meeting reelects directors

MSP Recovery, Inc.

Issued sixth convertible note to Yorkville for $0.75M, net proceeds ~$0.71M after OID; disbursed in two $0.36M advances on Aug 8 and Aug 15.
Note matures Mar 1, 2027, bears 5% interest (18% upon default); conversion price at lower of fixed price or 95% of 5-day VWAP, floor $0.50.
Stockholders reelected John H. Ruiz, Frank C. Quesada, Ophir Sternberg as Class III directors; ratified Deloitte as auditor (though Baker Tilly engaged for remainder of 2025).
Yorkville may convert or require share issuance under SEPA at conversion price; 9.99% ownership cap applies.
Company has now issued total $16.5M in convertible notes under SEPA since 2023.

item 2.03 item 3.02 item 5.07 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 0.9

MSP Recovery, Inc. incurred convertible notes of $0.75 million with YA II PN, LTD.

Instrument: convertible notes
Principal: $0.75 million
Counterparty: YA II PN, LTD
Event: incurrence

Exact text from the filing

On August 8, 2025, Yorkville agreed to make an additional advance pursuant to a sixth Convertible Note (the “Sixth Note”) issued by the Company to Yorkville for a total of $0.75 million, on terms substantially the same as the previous Convertible Notes, issued pursuant to the SEPA.

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

MSP Recovery, Inc. filing history →

Source: SEC EDGAR

accession 0001802450-25-000008

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