MSP Recovery Inc

MSPR

Market cap $3.63M

MIAMI, Aug. 29, 2025 (GLOBE NEWSWIRE) -- MSP Recovery, Inc. (NASDAQ: MSPR) (the “Company”), a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery and technology leader, announces it has entered into a non-binding term sheet for a new secured term loan facility of up to $55 million. The agreement, with one or more entities managed or advised by, or affiliated with an Investor with whom the Company has signed a non-disclosure agreement, would provide the Company and its affiliates significant working capital and additional operational funding aimed at driving future growth.

MIAMI, Aug. 28, 2025 (GLOBE NEWSWIRE) -- MSP Recovery, Inc. (NASDAQ: MSPR) (the “Company”), a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery and technology leader, announces that it will affect a reverse stock split of its Class A common stock at a reverse stock split ratio of 1-for-7, effective at 11:59 P.M. on September 1, 2025, in order to maintain compliance with the minimum $1.00 bid price per share requirement of Nasdaq's Marketplace Rule 5450(a)(1).

MIAMI, July 15, 2025 (GLOBE NEWSWIRE) -- MSP Recovery, Inc. (NASDAQ: MSPR) (“MSP Recovery” or the “Company”), a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery and technology leader, announces a major legal victory before the Supreme Court of Maryland.i The Court – the highest in the State of Maryland – upheld the validity of MSP Recovery's claim assignments from Medicare Advantage Organizations (MAOs), rejecting arguments that the Company's assignment model violated Maryland public policy. The ruling enables MSP Recovery to proceed with its long-standing federal class action lawsuit against Government Employees Insurance Company (GEICO), one of the largest auto liability insurers in the nation.

MSP Recovery Law Firm Secures Major Legal Win for MSP Recovery as Maryland Supreme Court Upholds Validity of Medicare Recovery Assignments for MSP Recovery

DEFENDANT RALPH NAVARRO/FYI YACHTS Class Action Lawsuit Filed Against RALPH NAVARRO and FYI YACHTS for Alleged Fraud, Racketeering, and Consumer Abuse MIAMI, June 13, 2025 (GLOBE NEWSWIRE) -- MSP Recovery Law Firm files a class action lawsuit on behalf of Consumers Against Corruption in the Circuit Court of the Eleventh Judicial Circuit, against Rafael Lazaro Navarro (a/k/a Ralph Navarro) and Florida Yachts International (FYI Yachts). The suit alleges an expansive pattern of fraudulent, predatory, and criminal conduct designed to deceive yacht buyers, sellers, and lenders over more than a decade.

MIAMI, April 10, 2025 (GLOBE NEWSWIRE) -- MSP Recovery, Inc. (NASDAQ: MSPR) (“MSP Recovery” or the “Company”), a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery and technology leader, is pleased to announce that it entered into a strategic term sheet (“Term Sheet”) agreeing to several restructuring transactions with Hazel Partners Holdings, LLC (“Hazel”), Virage Capital Management (“Virage”), and their respective affiliates. These initiatives are designed to reduce costs of the Company through a New Servicer entity (as defined below), deleverage the Company by converting certain debt of significant creditors into equity and release $1.2 billion of debt guaranteed by the Company, provide access to $9.75 million of bridge funding to the Company (of which $6.5 million remains available through July 2025) and up to $25 million working capital for New Servicer, and to focus the Company's operations, through the New Servicer, on the core business model of pursuing recoveries under the MSP Laws so that it can achieve its long-term recovery goals. The Company has also obtained a payment extension and waiver from YA II PN, Ltd. (“Yorkville”), which allows the Company to continue its original core business as well as develop new and existing tools. In addition to the summary herein, additional information is set forth in greater detail in the Company's Current Report on Form 8-K, which was filed with the Securities and Exchange Commission on April 10, 2025. Execution of definitive agreements and closing of the restructuring are expected no later than April 30, 2025.

MIAMI, Nov. 14, 2024 (GLOBE NEWSWIRE) -- MSP Recovery, Inc. d/b/a LifeWallet (NASDAQ: LIFW) (“LifeWallet,” or the “Company”), a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery and technology leader, today announced financial results for the quarter ended September 30, 2024. LifeWallet Chief Executive Officer, John H.

MIAMI, Nov. 12, 2024 (GLOBE NEWSWIRE) -- MSP Recovery, Inc. d/b/a LifeWallet (NASDAQ: LIFW) (“LifeWallet,” or the “Company”), a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery and technology leader, today announced that it will affect a reverse stock split of its Class A common stock at a reverse stock split ratio of 1-for-25, effective at 11:59 P.M. on November 15, 2024, in order to regain compliance with the minimum $1.00 bid price per share requirement of Nasdaq's Marketplace Rule 5450(a)(1).

MIAMI, Nov. 11, 2024 (GLOBE NEWSWIRE) -- MSP Recovery, Inc. d/b/a LifeWallet (NASDAQ: LIFW) (“LifeWallet” or “the Company”) announces new comprehensive settlements totaling more than $5.9 million, continued progress in recoveries on owned claims and acquiring rights to additional claims, and advancing initiatives to eliminate wasteful spending of Medicare dollars and improve federal cost-cutting measures by reducing improper payments made by healthcare entities across the United States. Medical Device Settlement: LifeWallet entered into a confidential settlement agreement with a product manufacturer totaling $760,000.

LifeWallet Acquires Assignment of Additional MSP Claims with an Overall Paid Amount Exceeding $10.