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 2.03item 3.02item 5.07item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.