MSP Recovery signs non-binding term sheet for up to $55M secured delayed draw loan facility

MSP Recovery, Inc.

Tranche A up to $10M (initial $5M funded at close; $5M discretionary).
Tranche B up to $45M available after closing at lender's discretion.
Facility matures 36 months from closing with two 1-year extension options.
Warrants issuable up to ~46% fully diluted equity at $0.01/share if fully drawn.
Potential CRO appointment, shareholder vote needed for some warrant issuances under Nasdaq rules.

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