{"schema_version":"secwatch.filing_event.v1","accession":"0001802450-25-000053","form_type":"8-K","ticker":"MSPR","cik":"0001802450","company_name":"MSP Recovery, Inc.","filed_at":"2025-09-02T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.039466+00:00","generated_at":"2026-05-17T08:56:07.086117+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"medium","headline":"MSP Recovery signs non-binding term sheet for up to $55M secured delayed draw loan facility","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001802450-25-000053","json":"https://secwatch.observer/filing/0001802450-25-000053.json","markdown":"https://secwatch.observer/filing/0001802450-25-000053.md","text":"https://secwatch.observer/filing/0001802450-25-000053.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1802450/000180245025000053/0001802450-25-000053-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1802450/000180245025000053/mspr-20250829.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T08:56:07.086117+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}