MSP Recovery, Inc. SEC Filings

MSP Recovery, Inc. obtained two small, one-time funding arrangements totaling $0.2 million on April 16, 2026, highlighting near-term liquidity pressure. Through its Hazel Partners working capital credit facility, Hazel agreed in its sole discretion to provide a $0.1 million advance primarily for operating expenses, funded under the discretionary Operational Collection Floor.

The company also entered a letter agreement with VRM MSP Recovery Partners, LLC, which provided a one-time advance of recovery proceeds of $0.1 million to support accounts payable, to be reimbursed from any future financing, including potential debtor-in-possession financing if the company operates under Chapter 11 protection. MSP Recovery emphasizes that these advances do not create ongoing access to liquidity, and it has no rights or reasonable basis to expect further funding from Hazel or VRM.

MSP Recovery, Inc. amends its May 4, 2024 prospectus to register the resale of up to 32,220 shares of Class A Common Stock. The resale pool includes up to 15,239 shares issuable upon exercise of a warrant (the CPIA Warrant); the exercise price is $0.4375 per share, meaning the company would receive only nominal proceeds if exercised. The supplement attaches a Form 8-K disclosing two one-time advances of $0.1 million each from Hazel Partners and VRM to support operations and accounts payable. The company completed a 1-for-7 reverse split effective September 1, 2025, and share figures in this supplement are adjusted for that split.

MSP Recovery, Inc. files a Prospectus Supplement updating its resale prospectus to register 56,896 shares of Class A Common Stock for resale by selling securityholders. The supplement incorporates an attached Form 8-K that discloses two one-time advances of $0.1 million each from Hazel Partners Holdings, LLC and VRM MSP Recovery Partners, LLC to support operating needs and accounts payable. The filing notes the exercise price of certain warrants is $0.0175 per share and gives April 3, 2026 closing-market quotes; it also states a 1-for-7 reverse stock split became effective September 1, 2025. The advances are described as discrete accommodations and do not create ongoing funding commitments.

MSP Recovery, Inc. filed Prospectus Supplement No. 59 registering 285,715 shares of Class A common stock for potential resale or issuance to YA II PN, Ltd. (Yorkville) under a Standby Equity Purchase Agreement (the “Yorkville SEPA”). The supplement attaches a Form 8-K that discloses recent amendments to the Yorkville facility, multiple Convertible Notes advances and conversion terms, reductions to the SEPA Floor Price down to $0.50, a Nasdaq delisting and transition to OTCQB, and two one-time short-term advances of $0.1 million each from Hazel and VRM to support operations. The Yorkville SEPA provides up to $250 million of issuance capacity subject to an Ownership Limitation (9.99%) and previously an Exchange Cap that was lifted effective January 8, 2025. The company states it will not receive proceeds from Yorkville’s resale activity, though it may elect to sell shares to Yorkville under the SEPA.

MSP Recovery, Inc. files a Prospectus Supplement and attached Form 8-K describing a resale registration and short-term funding arrangements. The prospectus registers up to 909,982 shares of Class A common stock, up to 755,200,000 warrants, and up to 236,019 shares issuable upon warrant exercise. The supplement clarifies that Public Warrants have an adjusted exercise price of $0.4375 and New Warrants carry an exercise price of $50,312.50. The document also discloses two one-time advances: a $0.1 million discretionary advance from Hazel Partners Holdings, LLC to increase the Operational Collection Floor, and a $0.1 million one-time advance of recovery proceeds from VRM MSP Recovery Partners, LLC, each described as standalone accommodations with no commitment for further funding.

MSP Recovery, Inc. entered two small funding arrangements to access a total of $0.2 million of short-term cash. Through the Hazel Letter Agreement, its existing working capital lender Hazel Partners agreed, in its sole discretion, to a one-time $0.1 million advance under the Operational Collection Floor.

The company notes this advance is a standalone accommodation that does not reopen availability under the working capital credit facility and creates no commitment for future funding, and states it has no rights to, and no reasonable basis to expect, further advances from Hazel. Separately, VRM MSP Recovery Partners agreed to a one-time $0.1 million advance of recovery proceeds to support accounts payable, which must be reimbursed, along with certain prior consents, from any future financing, including potential debtor-in-possession financing if the company operates under Chapter 11 protection.

MSP Recovery, Inc. notified the SEC it cannot timely file its Annual Report on Form 10-K for the fiscal year ended December 31, 2025 and submitted a Rule 12b-25 notification dated March 31, 2026. The company states it is experiencing severe liquidity constraints, is reliant on loan funding, and is evaluating financing and reorganization alternatives, including preparation for a potential restructuring process. The delay in filing is attributed to the company’s inability to fund the remaining external audit work with its independent auditors, Baker Tilly US, LLP, and the fact that the Chief Financial Officer resigned effective February 17, 2026, which the company says has created incremental operational constraints. The company is implementing interim measures for financial reporting and will file the Form 10-K when it can fund the remaining audit work and Baker Tilly completes its procedures.

MSP Recovery, Inc. registers the resale by selling securityholders of up to 32,220 shares of its Class A Common Stock, adjusted for a 1-for-7 reverse split. The registration includes up to 15,239 shares issuable upon exercise of a warrant (the CPIA Warrant).

The prospectus supplement notes that should the CPIA Holder exercise the CPIA Warrant, the Company would only receive nominal proceeds because the exercise price is $0.4375 per share. The filing also attaches a Current Report describing two one-time advances totaling $0.2 million from Hazel and VRM to provide near-term liquidity; these advances are standalone accommodations and do not create ongoing funding commitments.

MSP Recovery, Inc. registers 285,715 shares of Class A Common Stock for resale by a selling securityholder under its prospectus supplement dated March 23, 2026. The shares were or may be issued to YA II PN, Ltd. ("Yorkville") pursuant to a Standby Equity Purchase Agreement (the "Yorkville SEPA").

The Yorkville SEPA contemplates up to $250 million of Class A Common Stock issuances subject to a 9.99% Ownership Limitation and an Exchange Cap that was effectively lifted January 8, 2025. Yorkville also provided convertible promissory notes with various conversion mechanics and a Floor Price floor that was reduced over time to a $0.50 Floor Price. The Company will not receive proceeds from Yorkville's resale of shares; proceeds from any direct sales to Yorkville under the SEPA would accrue to the Company.