Welcome to our dedicated page for MSP RECOVERY SEC filings (Ticker: MSPRZ), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
MSPRZ filings document MSP Recovery, Inc.'s public-company reporting for a redeemable warrant security tied to its Class A common stock. The company's 8-K reports identify the MSPRZ warrants as OTC-traded redeemable warrants, each lot of 4,375 warrants exercisable for one share of Class A common stock at an exercise price of $0.4375 per share.
The filings also report material definitive agreements involving subsidiaries, including working-capital funding arrangements and disclosures tied to the company's existing credit facility. These records cover registered security classes, capital-structure terms, material events, and corporate reporting status for MSP Recovery, Inc.
MSP Recovery, Inc. reports that its Class A common stock and publicly traded warrants will be moved by OTC Markets Group from the OTC Pink Limited Information tier to the Expert Market on or around July 17, 2026. This change follows the company’s failure to file its Form 10-K for the period ending December 31, 2025 and Form 10-Q for the period ending March 31, 2026, leaving it non-current under SEC reporting rules and Rule 15c2-11 requirements for public quoting. On the Expert Market, broker-dealers may publish only unsolicited quotes, and quotations are primarily accessible to broker-dealers, institutions, and other sophisticated investors, which can significantly limit retail trading access and liquidity.
MSP Recovery, Inc. entered a material letter agreement with Hazel Partners Holdings LLC, its lender under an existing working capital credit facility, for a one-time advance of $0.2 million on June 26, 2026. The funding is to be used primarily for operating expenses and was provided under Hazel’s discretionary “Operational Collection Floor” mechanism.
The company previously disclosed aggregate advances of about $6.0 million under this mechanism, with no remaining capacity. This new advance temporarily increases that floor but is described as a standalone accommodation that does not reinstate or reopen availability under the facility. MSP Recovery states that aside from this specific amount, no additional funding is available, and it has no rights to or reasonable basis to expect further advances from Hazel.
The company emphasizes that the $0.2 million advance does not change the discretionary nature of the credit facility or provide ongoing or recurring liquidity, and cautions that it should not be viewed as evidence of future funding or the company’s ability to meet operating or debt service obligations beyond this limited support.
MSP Recovery, Inc. entered into a Hazel Letter Agreement under its existing working capital credit facility, through which Hazel Partners Holdings LLC agreed in its sole discretion to make a one-time $0.1 million advance primarily for operating expenses. This increases prior advances under the facility’s Operational Collection Floor, which had previously totaled about $6.0 million.
The company emphasizes that this advance is a standalone accommodation and does not reinstate or reopen availability under the facility. Other than this specific amount, no additional funding is available, and Hazel has no commitment to provide future advances. MSP Recovery cautions that the receipt of this $0.1 million should not be seen as evidence of future funding or of its ability to meet ongoing operating or debt service obligations.
MSP Recovery, Inc. disclosed two small one-time financing arrangements and a downgrade in its trading venue. On May 15, 2026, Hazel Partners Holdings LLC agreed, in its sole discretion, to provide a $0.1 million advance under the existing working capital credit facility, funded the same day, but explicitly without reinstating or reopening ongoing availability. The company states it has no rights to and no reasonable basis to expect further Hazel funding.
Also on May 15, 2026, VRM MSP Recovery Partners, LLC agreed to a separate one-time advance of recovery proceeds of $0.1 million, to be repaid from future financing transactions or possible debtor-in-possession financing. On May 19, 2026, OTC Markets Group notified the company that, because it did not timely file its Form 10-K for the year ended December 31, 2025, its Class A common stock will be downgraded from the OTCQB Venture Market to the OTC Pink market effective May 20, 2026, which the company notes could adversely affect liquidity, market price, and access to certain investors.
MSP Recovery, Inc. notified the SEC it cannot timely file its Quarterly Report on Form 10-Q for the period ended March 31, 2026. The company cites severe liquidity constraints, reliance on loan funding, and that it is "actively evaluating and pursuing financing and reorganization alternatives, including preparation for a potential restructuring process." The filing also states the Chief Financial Officer resigned effective February 17, 2026, which "created incremental operational constraints" for completing the quarter-end close. The company says it is implementing interim measures and will file the Form 10-Q as soon as practicable; timing depends on its ability to obtain sufficient financing. The notification is signed by CEO John H. Ruiz on May 18, 2026.
Nasdaq Stock Market LLC has notified removal of MSP Recovery, Inc. securities from Nasdaq listing and/or registration, citing applicable Exchange rules and 17 CFR 240.12d2-2 provisions. The filing names the affected classes as Class A Common Stock and two series of redeemable warrants, including warrants exercisable at $50,312.50 per share and at $0.4375 per share. The form carries an expiry reference of March 31, 2018 and is signed by a Nasdaq hearings advisor.
MSP Recovery, Inc. entered two small, one-time funding arrangements that highlight its constrained liquidity. Through a Hazel Partners Holdings LLC letter agreement, the company received a $0.1 million discretionary advance under its existing working capital credit facility, increasing prior Operational Collection Floor advances of about $6.0 million. The facility remains fully discretionary, provides no committed liquidity, and offers no additional availability beyond this single advance.
The company also signed an Advance Letter with VRM MSP Recovery Partners, LLC, under which VRM provided a separate $0.1 million one-time advance of recovery proceeds to support accounts payable. MSP Recovery must reimburse VRM for this advance and certain prior consents upon closing any future financing, including potential debtor-in-possession financing if it operates under Chapter 11 protection. Both agreements expressly state there is no obligation for further funding and caution that these advances should not be viewed as evidence of future liquidity.
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. disclosed two small, one-time funding arrangements that highlight its constrained liquidity. Through a Hazel Partners Holdings LLC working capital facility, Hazel agreed in its sole discretion to fund a $0.1 million advance for operating expenses under the Operational Collection Floor, funded on March 23, 2026. This advance does not reinstate or reopen any broader availability under the facility, and the company states it has no rights to and no reasonable basis to expect further advances from Hazel.
Separately, MSP Recovery entered into a letter agreement with VRM MSP Recovery Partners, LLC, under which VRM made a one-time advance of recovery proceeds of $0.1 million to support accounts payable. The company must reimburse VRM for this advance and certain prior permitted uses of VRM’s recovery proceeds promptly upon closing of any future loan or other financing, including any debtor-in-possession financing if it operates under Chapter 11 protection. Both fundings are explicitly characterized as one-time accommodations and do not provide ongoing or recurring liquidity.
MSP Recovery, Inc. disclosed two small, one-time funding arrangements and key leadership departures. The company obtained a $0.2 million discretionary advance from Hazel Partners Holdings LLC under its working capital credit facility and a separate $0.2 million one-time advance of recovery proceeds from VRM MSP Recovery Partners, LLC, both primarily for operating needs and accounts payable.
The company emphasizes that its Hazel facility remains fully discretionary, provides no committed liquidity, and that it has no rights to and no reasonable basis to expect further advances. It also states that the VRM advance does not imply any obligation for future funding. In addition, director Ophir Sternberg resigned from the board, and Francisco Rivas‑Vasquez resigned as Chief Financial Officer, with both departures described as not due to disagreements over operations, policies, or practices.