MSP Recovery SEC Filings

MSP Recovery, Inc. has registered for resale up to 32,220 shares of Class A common stock held by existing investors, including 15,239 shares issuable upon exercise of a CPIA Warrant with a per-share exercise price of $0.4375, from which the company would receive only nominal cash proceeds.

The prospectus supplement also incorporates a new report that the company’s common stock will be delisted from Nasdaq after it failed to meet the minimum stockholders’ equity requirement of $2.5 million and the minimum $1.00 bid price rule. Trading is expected to shift to the OTCQB market under the same “MSPR” ticker. A 1-for-7 reverse stock split effective September 1, 2025 is reflected in all share data.

MSP Recovery, Inc. updates its shelf prospectus to cover the resale by existing holders of up to 909,982 shares of Class A common stock, 755,200,000 warrants, and the potential issuance of up to 236,019 additional shares upon warrant exercise. The filing explains that Public Warrants, exercisable at $0.4375 per share, would generate less than $500 if fully exercised, while over 1.0 billion New Warrants carry a $50,312.50 per share exercise price and would not provide retained proceeds to the company, so operations are expected to rely on other cash sources. The company also notes a prior 1-for-7 reverse stock split effective September 1, 2025. In the attached current report, MSP Recovery discloses that a Nasdaq Hearings Panel has denied its appeal, and the company’s common stock will be delisted from Nasdaq for not meeting minimum stockholders’ equity of $2.5 million and the $1.00 minimum bid price, with trading expected to continue on the OTCQB market under the symbol “MSPR.”

MSP Recovery, Inc. reports that a Nasdaq Hearings Panel has denied its appeal of prior Nasdaq staff determinations, and the company’s Class A common stock will be delisted from the Nasdaq Capital Market for failing to meet continued listing standards. Nasdaq cited MSP Recovery’s stockholders’ equity being below the required $2.5 million minimum and the company’s failure to meet alternative standards tied to a $35 million market value of listed securities or $500,000 in net income from continuing operations. The company also fell out of compliance with Nasdaq’s $1.00-per-share minimum bid price rule. Trading on Nasdaq will be suspended at the open on December 22, 2025, and the company expects its common stock to continue trading on the OTC Markets OTCQB market under the ticker “MSPR.”

MSP Recovery, Inc. is updating a resale registration covering up to 909,982 shares of Class A common stock, related warrants, and up to 236,019 shares issuable upon warrant exercise. These securities may be sold from time to time by existing holders; the company itself would receive only nominal cash (less than $500) from Public Warrant exercises and no cash from New Warrant exercises. A 1-for-7 reverse stock split took effect on September 1, 2025, and all share figures reflect this change.

The attached quarterly report shows very limited liquidity and heavy losses. As of September 30, 2025, MSP Recovery held cash of $1.8 million against total liabilities of $2.40 billion and reported a stockholders’ deficit of $563.8 million. For the first nine months of 2025, revenue was $1.6 million and the net loss was $723.3 million, driven largely by claims amortization and interest expense.

The company discloses “substantial doubt” about its ability to continue as a going concern and notes dependence on the Yorkville standby equity facility and a fully drawn Hazel working capital facility. It warns that, without new funding, it may need to pursue insolvency or U.S. bankruptcy protection. Nasdaq has issued a delisting determination for failing the minimum equity requirement, and MSP Recovery is appealing at a hearing scheduled for December 11, 2025; if unsuccessful, the stock is expected to move to the OTCQB market.

MSP Recovery, Inc. filed a prospectus supplement covering the resale of up to 32,220 shares of Class A common stock by existing holders, including 15,239 shares issuable upon exercise of the low-priced CPIA warrant at $0.4375 per share, from which the company would receive only nominal proceeds. The supplement incorporates the company’s Q3 2025 results.

For the quarter ended September 30, 2025, MSP Recovery generated $0.2 million in revenue and recorded a net loss of $245.5 million, contributing to a nine‑month net loss of $723.3 million. As of September 30, 2025, the company reported cash of about $1.8 million, total assets of $1.55 billion, total liabilities of $2.40 billion, and a stockholders’ deficit of $563.8 million, with total equity of $(844.4) million. Management states there is substantial doubt about its ability to continue as a going concern, given heavy dependence on Yorkville financing and constrained access to other funding.

The company executed a 1‑for‑7 reverse stock split effective September 1, 2025 and faces listing pressure. Nasdaq has issued a delisting determination for failure to meet the minimum equity requirement, and MSP Recovery has requested a hearing scheduled for December 11, 2025. If it cannot maintain its Nasdaq listing, it expects its shares to trade on the OTCQB market.

MSP Recovery, Inc. (MSPR) has filed a prospectus supplement registering the resale of up to 56,896 shares of Class A common stock held by existing investors, including shares issuable upon low-priced VRM and VRP warrants, from which the company would receive only nominal cash if exercised. The supplement attaches the latest quarterly report, which shows severe financial stress, including an operating loss of $375.5 million and a net loss of $723.3 million for the nine months ended September 30, 2025.

As of that date, MSP Recovery had $1.8 million of cash, a stockholders’ deficit of $563.8 million, and total liabilities of $2.4 billion, along with a large guaranty obligation tied to its Virage financing. Management discloses “substantial doubt” about the company’s ability to continue as a going concern, noting dependence on the Yorkville standby equity facility and fully drawn Hazel credit lines, and warning that failure to secure funding could lead to insolvency or bankruptcy proceedings. The company has also received a Nasdaq delisting determination over minimum equity requirements and plans to argue for continued listing, while shares may move to the OTCQB if delisted.

MSP Recovery, Inc. is registering up to 285,715 shares of Class A common stock for resale by Yorkville under a standby equity purchase agreement. The company may sell shares to Yorkville under this facility, but will not receive proceeds from Yorkville’s resales.

The Yorkville SEPA allows MSP Recovery to sell up to $250 million of stock, supported by multiple Yorkville convertible notes with principal commitments exceeding $18 million. MSP Recovery relies on this arrangement as its primary near‑term funding source. As of September 30, 2025, it held only $1.8 million in cash and reported a nine‑month net loss of $723.3 million, driven largely by claims amortization and $374.0 million of interest expense.

Stockholders’ equity was a deficit of $563.8 million, and management states there is substantial doubt about the company’s ability to continue as a going concern absent additional capital or much higher revenue. MSP Recovery has also received a Nasdaq delisting determination due to failing the minimum equity listing standard and has requested a hearing to seek continued listing.

MSP Recovery, Inc. reports extremely weak results and severe financial strain for the quarter ended September 30, 2025. Claims recovery income fell to just $198,000 from $3.6 million a year earlier, while heavy non-cash claims amortization and interest pushed the quarterly net loss attributable to the company to $167.8 million, and the nine‑month loss to $432.6 million.

At September 30, 2025, cash was only $1.8 million versus $12.3 million at year‑end, total liabilities were $2.40 billion, and total equity was a deficit of $844.4 million. The company explicitly concludes there is substantial doubt about its ability to continue as a going concern and notes heavy reliance on Yorkville funding and related‑party financing.

The company effected a 1‑for‑7 reverse stock split on September 1, 2025 and, as of November 14, 2025, had 13,774,399 Class A and 474,740 Class V shares outstanding. Nasdaq has issued a delisting determination for failure to meet the minimum stockholders’ equity requirement; trading is being kept pending a December 11, 2025 hearing, with no assurance of a favorable outcome.

MSP Recovery, Inc. filed a Form 12b-25 to notify a delayed filing of its Form 10‑Q for the quarter ended September 30, 2025. The company cites a recent transition to Baker Tilly US, LLP as its independent auditor and ongoing activities with the predecessor firm as the principal reason for the delay.

The company checked that the 10‑Q will be filed on or before the fifth calendar day following the prescribed due date and stated it expects to file within the grace period under Rule 12b‑25. MSP Recovery indicated that all other required periodic reports over the past 12 months have been filed and that it does not anticipate any significant change in results of operations versus the corresponding prior-year period in the upcoming report.