---
schema_version: "secwatch.filing_event.v1"
accession: "0001802450-25-000008"
form_type: "8-K"
ticker: "MSPR"
cik: "0001802450"
company_name: "MSP Recovery, Inc."
filed_at: "2025-08-08T23:59:59+00:00"
generated_at: "2026-05-17T16:44:49.554610+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# MSP Recovery issues $750K convertible note to Yorkville; annual meeting reelects directors

## Summary
- 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.

## SEC filing metadata
- accession: 0001802450-25-000008
- form_type: 8-K
- ticker: MSPR
- cik: 0001802450
- company_name: MSP Recovery, Inc.
- filed_at: 2025-08-08T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.03, 3.02, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1802450/000180245025000008/0001802450-25-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1802450/000180245025000008/mspr-20250808.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001802450-25-000008
- JSON: https://secwatch.observer/filing/0001802450-25-000008.json
- Plain text: https://secwatch.observer/filing/0001802450-25-000008.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1802450/000180245025000008/0001802450-25-000008-index.htm

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