MSP Recovery, Inc. incurred credit facility of $0.1 million with Hazel Partners Holdings LLC.
“On June 11, 2026, MSP Recovery, Inc. (the “Company”), through its subsidiaries, entered into a letter agreement with Hazel Partners Holdings LLC (“Hazel”), in its capacity as administrative agent and lender under the Company’s existing working capital credit facility (the “Hazel Letter Agreement”) to provide $0.1 million to be used primarily for operating expenses.”
Material Agreements
MSP Recovery, Inc. entered into Hazel Letter Agreement with Hazel Partners Holdings LLC valued at $0.1 million (effective 2026-06-11).
“On June 11, 2026, MSP Recovery, Inc. (the “Company”), through its subsidiaries, entered into a letter agreement with Hazel Partners Holdings LLC (“Hazel”), in its capacity as administrative agent and lender under the Company’s existing working capital credit facility (the “Hazel Letter Agreement”) to provide $0.1 million to be used primarily for operating expenses.”
Material Agreements
MSP Recovery, Inc. entered into Recovery Proceeds Letter with VRM MSP Recovery Partners, LLC valued at $0.06 million (effective 2026-05-29).
“Pursuant to the Recovery Proceeds Letter (the “Recovery Proceeds Letter”), VRM agreed to permit the Company a one-time retention of $0.06 million in Primary Series Recovery Proceeds otherwise payable to VRM.”
Material Agreements
MSP Recovery, Inc. entered into Advance Letter with VRM MSP Recovery Partners, LLC valued at $0.06 million (effective 2026-05-29).
“Pursuant to the Advance Letter (the “Advance Letter”), VRM agreed to make available a one-time advance of $0.06 million.”
Material Agreements
MSP Recovery, Inc. entered into Hazel Letter Agreement with Hazel Partners Holdings LLC valued at $0.1 million (effective 2026-05-29).
“On May 29, 2026, MSP Recovery, Inc. (the “Company”), through its subsidiaries, entered into a letter agreement with Hazel Partners Holdings LLC (“Hazel”), in its capacity as administrative agent and lender under the Company’s existing working capital credit facility (the “Hazel Letter Agreement”) to provide $0.1 million to be used primarily for operating expenses.”
Material Agreements
MSP Recovery, Inc. entered into Advance Letter with VRM MSP Recovery Partners, LLC valued at One-time advance of recovery proceeds of $0.1 million (effective 2026-05-15).
“On May 15, 2026, the Company entered into a letter agreement (the “Advance Letter”) with VRM MSP Recovery Partners, LLC (“VRM”), pursuant to which VRM agreed to make available a one-time advance of recovery proceeds of $0.1 million to be used primarily to support the Company’s accounts payables.”
Material Agreements
MSP Recovery, Inc. entered into Hazel Letter Agreement with Hazel Partners Holdings LLC valued at $0.1 million one-time advance (effective 2026-05-15).
“On May 15, 2026, MSP Recovery, Inc. (the “Company”), through its subsidiaries, entered into a letter agreement with Hazel Partners Holdings LLC (“Hazel”), in its capacity as administrative agent and lender under the Company’s existing working capital credit facility (the “Hazel Letter Agreement”) to provide $0.1 million to be used primarily for operating expenses.”
Debt Financings
MSP Recovery, Inc. incurred credit facility of $0.1 million with VRM MSP Recovery Partners, LLC.
“the Company entered into a letter agreement (the “Advance Letter”) with VRM MSP Recovery Partners, LLC (“VRM”), pursuant to which VRM agreed to make available a one-time advance of recovery proceeds of $0.1 million to be used primarily to support the Company’s accounts payables.”
Debt Financings
MSP Recovery, Inc. incurred loan of $0.1 million with VRM MSP Recovery Partners, LLC.
“On May 1, 2026, the Company entered into a letter agreement (the “Advance Letter”) with VRM MSP Recovery Partners, LLC (“VRM”), pursuant to which VRM agreed to make available a one-time advance of recovery proceeds of $0.1 million to be used primarily to support the Company’s accounts payables.”
Debt Financings
MSP Recovery, Inc. incurred loan of $0.1 million with Hazel Partners Holdings LLC.
“On May 1, 2026, MSP Recovery, Inc. (the “Company”), through its subsidiaries, entered into a letter agreement with Hazel Partners Holdings LLC (“Hazel”), in its capacity as administrative agent and lender under the Company’s existing working capital credit facility (the “Hazel Letter Agreement”) to provide $0.1 million to be used primarily for operating expenses.”
Material Agreements
MSP Recovery, Inc. entered into Advance Letter with VRM MSP Recovery Partners, LLC valued at $0.1 million (effective 2026-05-01).
“On May 1, 2026, the Company entered into a letter agreement (the “Advance Letter”) with VRM MSP Recovery Partners, LLC (“VRM”), pursuant to which VRM agreed to make available a one-time advance of recovery proceeds of $0.1 million to be used primarily to support the Company’s accounts payables.”
Material Agreements
MSP Recovery, Inc. entered into Hazel Letter Agreement with Hazel Partners Holdings LLC valued at $0.1 million (effective 2026-05-01).
“On May 1, 2026, MSP Recovery, Inc. (the “Company”), through its subsidiaries, entered into a letter agreement with Hazel Partners Holdings LLC (“Hazel”), in its capacity as administrative agent and lender under the Company’s existing working capital credit facility (the “Hazel Letter Agreement”) to provide $0.1 million to be used primarily for operating expenses.”
Material Agreements
MSP Recovery, Inc. entered into Advance Letter with VRM MSP Recovery Partners, LLC valued at $0.1 million (effective 2026-04-16).
“On April 16, 2026, the Company entered into a letter agreement (the “Advance Letter”) with VRM MSP Recovery Partners, LLC (“VRM”), pursuant to which VRM agreed to make available a one-time advance of recovery proceeds of $0.1 million to be used primarily to support the Company’s accounts payables.”
Material Agreements
MSP Recovery, Inc. entered into Hazel Letter Agreement with Hazel Partners Holdings LLC valued at $0.1 million (effective 2026-04-16).
“On April 16, 2026, MSP Recovery, Inc. (the “Company”), through its subsidiaries, entered into a letter agreement with Hazel Partners Holdings LLC (“Hazel”), in its capacity as administrative agent and lender under the Company’s existing working capital credit facility (the “Hazel Letter Agreement”) to provide $0.1 million to be used primarily for operating expenses.”
Debt Financings
MSP Recovery, Inc. incurred debt of $0.1 million with VRM MSP Recovery Partners, LLC maturing promptly upon the closing of any loan or other financing transaction by the Company or its affiliates.
“VRM MSP Recovery Partners, LLC Advance On April 16, 2026, the Company entered into a letter agreement (the “Advance Letter”) with VRM MSP Recovery Partners, LLC (“VRM”), pursuant to which VRM agreed to make available a one-time advance of recovery proceeds of $0.1 million to be used primarily to support the Company’s accounts payables.”
Debt Financings
MSP Recovery, Inc. incurred credit facility of $0.1 million with Hazel Partners Holdings LLC.
“(the “Company”), through its subsidiaries, entered into a letter agreement with Hazel Partners Holdings LLC (“Hazel”), in its capacity as administrative agent and lender under the Company’s existing working capital credit facility (the “Hazel Letter Agreement”) to provide $0.1 million to be used primarily for operating expenses.”
Debt Financings
MSP Recovery, Inc. incurred loan of $0.1 million with VRM MSP Recovery Partners, LLC.
“On April 2, 2026, the Company entered into a letter agreement (the “Advance Letter”) with VRM MSP Recovery Partners, LLC (“VRM”), pursuant to which VRM agreed to make available a one-time advance of recovery proceeds of $0.1 million to be used primarily to support the Company’s accounts payables.”
Debt Financings
MSP Recovery, Inc. incurred credit facility of $0.1 million with Hazel Partners Holdings LLC.
“On April 2, 2026, MSP Recovery, Inc. (the “Company”), through its subsidiaries, entered into a letter agreement with Hazel Partners Holdings LLC (“Hazel”), in its capacity as administrative agent and lender under the Company’s existing working capital credit facility (the “Hazel Letter Agreement”) to provide $0.1 million to be used primarily for operating expenses.”
Material Agreements
MSP Recovery, Inc. entered into Advance Letter with VRM MSP Recovery Partners, LLC valued at $0.1 million (effective 2026-04-02).
“On April 2, 2026, the Company entered into a letter agreement (the “Advance Letter”) with VRM MSP Recovery Partners, LLC (“VRM”), pursuant to which VRM agreed to make available a one-time advance of recovery proceeds of $0.1 million to be used primarily to support the Company’s accounts payables.”
Material Agreements
MSP Recovery, Inc. entered into Hazel Letter Agreement with Hazel Partners Holdings LLC valued at $0.1 million (effective 2026-04-02).
“On April 2, 2026, MSP Recovery, Inc. (the “Company”), through its subsidiaries, entered into a letter agreement with Hazel Partners Holdings LLC (“Hazel”), in its capacity as administrative agent and lender under the Company’s existing working capital credit facility (the “Hazel Letter Agreement”) to provide $0.1 million to be used primarily for operating expenses.”
Debt Financings
MSP Recovery, Inc. incurred debt of $0.1 million with VRM MSP Recovery Partners, LLC maturing promptly upon the closing of any loan or other financing transaction by the Company or its affiliates.
“the Company entered into a letter agreement (the “Advance Letter”) with VRM MSP Recovery Partners, LLC (“VRM”), pursuant to which VRM agreed to make available a one-time advance of recovery proceeds of $0.1 million”
Debt Financings
MSP Recovery, Inc. incurred debt of $0.1 million with Hazel Partners Holdings LLC.
“(the “Company”), through its subsidiaries, entered into a letter agreement with Hazel Partners Holdings LLC (“Hazel”), in its capacity as administrative agent and lender under the Company’s existing working capital credit facility (the “Hazel Letter Agreement”) to provide $0.1 million to be used primarily for operating expenses.”
Material Agreements
MSP Recovery, Inc. entered into Advance Letter with VRM MSP Recovery Partners, LLC valued at $0.1 million (effective 2026-03-20).
“On March 20, 2026, the Company entered into a letter agreement (the “Advance Letter”) with VRM MSP Recovery Partners, LLC (“VRM”), pursuant to which VRM agreed to make available a one-time advance of recovery proceeds of $0.1 million to be used primarily to support the Company’s accounts payables.”
Material Agreements
MSP Recovery, Inc. entered into Hazel Letter Agreement with Hazel Partners Holdings LLC valued at $0.1 million (effective 2026-03-23).
“On March 23, 2026, MSP Recovery, Inc. (the “Company”), through its subsidiaries, entered into a letter agreement with Hazel Partners Holdings LLC (“Hazel”), in its capacity as administrative agent and lender under the Company’s existing working capital credit facility (the “Hazel Letter Agreement”) to provide $0.1 million to be used primarily for operating expenses.”
Debt Financings
MSP Recovery, Inc. incurred loan of $0.2 million with VRM MSP Recovery Partners, LLC.
“On February 20, 2026, the Company entered into a letter agreement (the “Advance Letter”) with VRM MSP Recovery Partners, LLC (“VRM”), pursuant to which VRM agreed to make available a one-time advance of recovery proceeds of $0.2 million”
Debt Financings
MSP Recovery, Inc. incurred credit facility of $0.2 million with Hazel Partners Holdings LLC.
“Holdings LLC (“Hazel”), in its capacity as administrative agent and lender under the Company’s existing working capital credit facility (the “Hazel Letter Agreement”) to provide $0.2 million to be used primarily for operating expenses. As previously disclosed in the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2025 (the “Q3-2025 Form”
Material Agreements
MSP Recovery, Inc. entered into Advance Letter with VRM MSP Recovery Partners, LLC with VRM MSP Recovery Partners, LLC valued at $0.2 million (effective 2026-02-20).
“On February 20, 2026, the Company entered into a letter agreement (the “Advance Letter”) with VRM MSP Recovery Partners, LLC (“VRM”), pursuant to which VRM agreed to make available a one-time advance of recovery proceeds of $0.2 million to be used primarily to support the Company’s accounts payables.”
Material Agreements
MSP Recovery, Inc. entered into Hazel Letter Agreement with Hazel Partners Holdings LLC valued at $0.2 million (effective 2026-02-19).
“On February 19, 2026, MSP Recovery, Inc. (the “Company”), through its subsidiaries, entered into a letter agreement with Hazel Partners Holdings LLC (“Hazel”), in its capacity as administrative agent and lender under the Company’s existing working capital credit facility (the “Hazel Letter Agreement”) to provide $0.2 million to be used primarily for operating expenses.”
Debt Financings
MSP Recovery, Inc. incurred credit facility of $250,000 with Hazel Partners Holdings LLC.
“On January 26, 2026, MSP Recovery, Inc. (the “Company”), through its subsidiaries, entered into a letter agreement with Hazel Partners Holdings LLC (“Hazel”), in its capacity as administrative agent and lender under the Company’s existing working capital credit facility (the “Hazel Letter Agreement”) to provide $250,000 to be used primarily for operating expenses.”
Material Agreements
MSP Recovery, Inc. entered into Hazel Letter Agreement with Hazel Partners Holdings LLC valued at $250,000 (effective 2026-01-26).
“On January 26, 2026, MSP Recovery, Inc. (the “Company”), through its subsidiaries, entered into a letter agreement with Hazel Partners Holdings LLC (“Hazel”), in its capacity as administrative agent and lender under the Company’s existing working capital credit facility (the “Hazel Letter Agreement”) to provide $250,000 to be used primarily for operating expenses.”
Debt Financings
MSP Recovery, Inc. incurred credit facility of $300,000 with Hazel Partners Holdings LLC.
“(the “Company”), through its subsidiaries, entered into a letter agreement with Hazel Partners Holdings LLC (“Hazel”), in its capacity as administrative agent and lender under the Company’s existing working capital credit facility (the “Hazel Letter Agreement”) to provide $300,000 to be used solely for operating expenses.”
Material Agreements
MSP Recovery, Inc. entered into Hazel Letter Agreement with Hazel Partners Holdings LLC valued at $300,000 (effective 2026-01-19).
“On January 19, 2026, MSP Recovery, Inc. (the “Company”), through its subsidiaries, entered into a letter agreement with Hazel Partners Holdings LLC (“Hazel”), in its capacity as administrative agent and lender under the Company’s existing working capital credit facility (the “Hazel Letter Agreement”) to provide $300,000 to be used solely for operating expenses.”
Debt Financings
MSP Recovery, Inc. reported a default on convertible notes with YA II PN, LTD.
“the expiration of the Primary Market Period on January 6, 2026 constituted a technical Event of Default under the Notes”
Material Agreements
MSP Recovery, Inc. entered into Hazel Letter Agreement with Hazel Partners Holdings LLC valued at $325,000 (effective 2026-01-07).
“On January 7, 2026, MSP Recovery, Inc. (the “Company”), through its subsidiaries, entered into a letter agreement with Hazel Partners Holdings LLC (“Hazel”), in its capacity as administrative agent and lender under the Company’s existing working capital credit facility (the “Hazel Letter Agreement”) to provide $325,000 to be used solely for operating expenses.”
Debt Financings
MSP Recovery, Inc. incurred revolving credit of $325,000 with Hazel Partners Holdings LLC.
“(the “Company”), through its subsidiaries, entered into a letter agreement with Hazel Partners Holdings LLC (“Hazel”), in its capacity as administrative agent and lender under the Company’s existing working capital credit facility (the “Hazel Letter Agreement”) to provide $325,000 to be used solely for operating expenses.”
Listing & Compliance Notices
MSP Recovery, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).
“November 28, 2025, the Company received an additional staff determination letter (“Additional Staff Determination”) indicating that the bid price of the Company’s listed securities has closed at less than $1.00 per share over the previous 30 consecutive business days, and, as a result, the Company is not in compliance with Listing Rule 5550(a)(2). The Staff determined that such non-compliance served as an additional basis for delisting the Company’s securities from Nasdaq. The Company was afforded an opportunity to present its views to the Panel with respect to this additional deficiency at th”
Listing & Compliance Notices
MSP Recovery, Inc. received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1)).
“October 22, 2025, the Company received a Staff Delisting Determination (the “Delisting Notification”), notifying the Company that it was not in compliance with the minimum stockholders’ equity requirement for continued listing on the Nasdaq Capital Market, under Listing Rule 5550(b)(1), as the Company’s stockholders’ equity reported in the Company’s Form 10-K for the year ended December 31, 2024, was below the required minimum of $2.5 million, and the Company did not meet the alternative compliance standards, relating to the market value of listed securities of $35 million or net income from c”
Listing & Compliance Notices
MSP Recovery, Inc. received a nasdaq delisting notice notice regarding minimum bid price (rules 5550(a)(2)).
“November 28, 2025, the Company received an additional staff determination letter (“Additional Staff Determination”) indicating that the bid price of the Company’s listed securities has closed at less than $1 per share over the previous 30 consecutive business days, and, as a result, the Company is not in compliance with Listing Rule 5550(a)(2). The Staff determined that such non-compliance served as an additional basis for delisting the Company’s securities from Nasdaq. The Company will be afforded an opportunity to present its views to the Panel with respect to this additional deficiency at t”
Listing & Compliance Notices
MSP Recovery, Inc. received a nasdaq delisting notice notice regarding stockholders equity (rules 5550(b)(1)).
“October 22, 2025, the Company received a Staff Delisting Determination (the “Delisting Notification”), notifying the Company that it was not in compliance with the minimum stockholders’ equity requirement for continued listing on the Nasdaq Capital Market, under Listing Rule 5550(b)(1), as the Company’s stockholders’ equity reported in the Company’s Form 10-K for the year ended December 31, 2024, was below the required minimum of $2.5 million, and the Company did not meet the alternative compliance standards, relating to the market value of listed securities of $35 million or net income from c”
Debt Financings
MSP Recovery, Inc. incurred convertible notes of $0.50 million with YA II PN, Ltd. (Yorkville).
“On October 28, 2025, Yorkville agreed to make an advance under the Second Supplemental Agreement pursuant to a Convertible Promissory Note issued by the Company to Yorkville for the principal amount of $0.50 million”
Listing & Compliance Notices
MSP Recovery, Inc. received a nasdaq delisting notice notice regarding stockholders equity (rules 5550(b)(1)).
“October 22, 2025, the Company received a Staff Delisting Determination (the “Delisting Notification”), notifying the Company that trading of its common stock will be suspended from the Nasdaq Capital Market at the opening of business on October 31, 2025, and a Form 25-NSE will be filed with the Securities and Exchange Commission, which will remove the Company’s securities from listing and registration on Nasdaq. Pursuant to the Delisting Notification, the Company has until 4:00 p.m. Eastern Time on October 29, 2025 to submit a written request for a review of the Delisting Notification by a Hea”
Listing & Compliance Notices
MSP Recovery, Inc. received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1)).
“April 24, 2025, MSP Recovery, Inc. (the “Company”) received a letter (the “Notice”) from the Listing Qualifications Department (the “Staff”) of the Nasdaq Stock Market LLC (“Nasdaq”) informing the Company that it was not in compliance with the minimum stockholders’ equity requirement for continued listing on the Nasdaq Capital Market, under Listing Rule 5550(b)(1), because the Company’s stockholders’ deficit of $128.4 million, as reported in the Company’s Form 10-K for the year ended December 31, 2024, was below the required minimum of $2.5 million, and because, as of April 24, 2025, the Compa”
Governance Changes
MSP Recovery, Inc.: Amended Second Amended and Restated Certificate of Incorporation to effect a 1-for-7 reverse stock split of Class A and Class V common stock (effective 2025-09-01).
“Effective at 11:59 P.M. on September 1 , 2025 (the “Reverse Split Effective Time”), MSP Recovery, Inc. (the “Company,” “we,” “us,” or “our”) amended our Second Amended and Restated Certificate of Incorporation in the State of Delaware (the “Amendment”), which provides that every seven (7) shares of our issued and outstanding Class A Common Stock and Class V Common Stock (together with the Class-B Units) will automatically be combined into one issued and outstanding share of Class A Common Stock and Class V Common Stock (together with the Class-B Units), respectively, without any change in the par value per share (the “Reverse Stock Split”).”
Debt Financings
MSP Recovery, Inc. incurred convertible notes of $0.75 million with YA II PN, LTD.
“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.”
Debt Financings
MSP Recovery, Inc. incurred convertible notes of $0.75 million with YA II PN, LTD.
“Yorkville agreed to make an additional advance pursuant to a fifth Convertible Note issued by the Company to Yorkville for $0.75 million, on terms substantially the same as the previous Convertible Notes, issued pursuant to the SEPA.”
Auditor Changes
MSP Recovery, Inc. engaged Baker Tilly US, LLP as its auditor.
“the Board, acting by written consent, authorized and ratified the appointment of Baker Tilly as its new independent registered public accounting firm, which appointment became effective upon the entry of both the Company and Baker Tilly into a letter of engagement”
Auditor Changes
MSP Recovery, Inc. dismissed Deloitte & Touche LLP as its auditor.
“(a) Dismissal of Independent Registered Public Accounting Firm As part of recent cost-reduction initiatives, MSP Recovery, Inc. (the “Company”) initiated a competitive process to engage a new independent registered public accounting firm. The Company has solicited and evaluated bids from several accounting firms and has elected to engage Baker Tilly US, LLP (“Baker Tilly”) to serve as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025, beginning in the fiscal quarter ending September 30, 2025. As a result, Deloitte & Touche LLP’s (“Deloitte”) engagement as the Company’s independent registered public accounting firm will end effectively following the review of the Company’s condensed consolidated financial statements as of and for the quarter ended June 30, 2025. Deloitte has served as the Company’s auditor since 2021. The decision to”
Debt Financings
MSP Recovery, Inc. incurred convertible notes of $0.8 million with YA PN II, Ltd. ("Yorkville").
“On June 26, 2025, YA PN II, Ltd. ("Yorkville") agreed to issue a fourth Convertible Note for $0.8 million with terms substantially the same as the previous Convertible Notes, issued pursuant to the SEPA.”
Listing & Compliance Notices
MSP Recovery, Inc. received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1)).
“April 24, 2025, MSP Recovery, Inc. (the “Company”) received a letter (the “Notice”) from the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”) informing the Company that it was not in compliance with the minimum stockholders’ equity requirement for continued listing on the Nasdaq Capital Market, under Listing Rule 5550(b)(1), because the Company’s stockholders’ equity of ($128,409,000), as reported in the Company’s Form 10-K for the year ended December 31, 2024, was below the required minimum of $2.5 million, and because, as of April 24, 2025, the Company did not meet”
Listing & Compliance Notices
MSP Recovery, Inc. received a nasdaq compliance regained notice regarding minimum bid price (rules 5450(a)(1)).
“December 3, 2024, MSP Recovery, Inc. (“the Company”) received correspondence from Nasdaq stating that the Company’s previously disclosed bid price deficiency has been cured, and that the Company has regained compliance with Listing Rule 5450(a)(1). The Company’s Class A common stock will continue to be listed and traded on Nasdaq, subject to continued compliance with applicable Nasdaq listing standards.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.