Msp Recovery, INC 8-K filings

MSP Recovery, Inc. announced an additional $0.75 million convertible note from Yorkville, bringing total pre-paid advances to $15.75 million, and is changing its independent registered public accounting firm from Deloitte & Touche LLP to Baker Tilly US, LLP, following a going concern explanatory paragraph in its 2024 audit report.

MSP Recovery, Inc. announced a favorable ruling from the Supreme Court of Maryland, affirming the validity of its claim assignments and allowing its federal class action lawsuit against GEICO to proceed.

MSP Recovery, Inc. has amended its promissory note with Nomura Securities International, increasing the principal to approximately $33.6 million, and secured an additional $0.8 million convertible note from Yorkville, while committing to accelerate debt repayment through future capital raises.

MSP Recovery, Inc. announced the termination of its crucial restructuring term sheet by major investors Hazel and Virage due to unfulfilled conditions, while also securing a reduced floor price with Yorkville and receiving an interim funding advance.

MSP Recovery amends its agreements with Nomura and Virage, extending the maturity dates of its debt obligations to November 30, 2026.

MSP Recovery, Inc. received a Nasdaq notification regarding non-compliance with minimum stockholders' equity requirements, potentially leading to delisting.

MSP Recovery, Inc. unveils a reorganization plan involving debt restructuring, a new servicer subsidiary, and additional funding to improve its financial stability and focus on its core business.

MSP Recovery has entered into a term sheet with Virage Recovery Master LP to restructure its debt obligations, involving warrant exercises and potential voting control changes.

MSP Recovery and Yorkville Advisors Global have agreed to amend the terms of their Exchangeable Promissory Notes, delaying the first monthly payment and outlining a schedule for share issuance.

MSP Recovery, Inc. has received approval to transfer its stock listing from the Nasdaq Global Market to the Nasdaq Capital Market, effective December 10, 2024.

MSP Recovery, Inc. will consolidate all business lines under the MSP Recovery brand and change its ticker symbol to MSPR on Nasdaq, effective December 9, 2024.

LifeWallet has secured a $2 million settlement in pharmaceutical litigation and is actively negotiating with other manufacturers and insurers, while also advancing efforts to combat systemic Medicare waste.

LifeWallet has reached a preliminary $2 million settlement in a pharmaceutical litigation case and is engaged in ongoing settlement negotiations with other pharmaceutical and medical device manufacturers, as well as property and casualty insurers.

MSP Recovery has enacted a 1-for-25 reverse stock split and obtained a limited waiver on debt obligations to fund operations.

LifeWallet secures over $5.9 million in settlements, progresses in claim recoveries, and launches beta testing for its clearinghouse solution to reduce wasteful Medicare spending.

MSP Recovery, Inc. issued warrants to Virage Recovery Master LP for the purchase of over 109 million shares of Class A Common Stock as part of a monthly obligation.

MSP Recovery, Inc. has amended its credit agreement with Hazel Partners Holdings LLC, securing additional funding and a waiver regarding a potential negative going concern opinion from its auditors.

MSP Recovery's majority stockholders have approved a reverse stock split and the company has received a one-time waiver regarding a potential negative going concern opinion from its auditors.

MSP Recovery has obtained a waiver from Virage Recovery Master LP, preventing the acceleration of debt payments should the company receive a negative going concern opinion from its auditors for the fiscal year ending December 31, 2024.

MSP Recovery has amended its credit agreement to secure up to $16 million in funding for working capital and the acquisition of new claims, while also addressing concerns about its ability to continue as a going concern.

MSP Recovery, Inc. issued 2,686,780 shares of Class A Common Stock to YA II PN, Ltd. (Yorkville) on July 23, 2024, under a previously established agreement.

LifeWallet has announced a new settlement with affiliated property and casualty insurers, along with the completion of the first version of its clearinghouse system in partnership with Palantir Technologies.

MSP Recovery triggered a payment obligation on its promissory notes due to a share price decline, but has agreed with Yorkville to delay the first payment until September 11, 2024.

MSP Recovery, Inc. held its 2024 Annual Meeting, re-electing two Class II directors and ratifying Deloitte as its independent auditor for the 2024 fiscal year.

MSP Recovery, Inc. received a delisting notice from Nasdaq for failing to maintain a minimum share price and issued a new warrant to Virage Recovery Master LP.

MSP Recovery, Inc. issued 500,000 shares of Class A Common Stock and a warrant to purchase 2,500,000 shares to Virage Capital Management LP and Virage Recovery Participation LP, respectively, to partially satisfy a debt obligation.

MSP Recovery has agreed with Yorkville to reduce the floor price of their Standby Equity Purchase Agreement to $0.50 per share, down from $1.00.

LifeWallet has reached a comprehensive settlement with 10 affiliated property and casualty insurers, establishing a framework for resolving current and future claims and sharing historical data.

MSP Recovery has amended its agreement with Yorkville, reducing the floor price of its shares, waiving a monthly payment, and extending the maturity date of convertible notes.

MSP Recovery has amended key agreements, including extending debt maturities and modifying payment terms, to improve its financial flexibility.