---
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"
generated_at: "2026-05-17T08:56:07.086117+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "medium"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: medium
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001802450-25-000053
- JSON: https://secwatch.observer/filing/0001802450-25-000053.json
- Plain text: https://secwatch.observer/filing/0001802450-25-000053.txt

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