0000950170-24-086876.txt : 20240726 0000950170-24-086876.hdr.sgml : 20240726 20240726160507 ACCESSION NUMBER: 0000950170-24-086876 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 11 CONFORMED PERIOD OF REPORT: 20240723 ITEM INFORMATION: Unregistered Sales of Equity Securities ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240726 DATE AS OF CHANGE: 20240726 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MSP Recovery, Inc. CENTRAL INDEX KEY: 0001802450 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374] ORGANIZATION NAME: 06 Technology IRS NUMBER: 844117825 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-39445 FILM NUMBER: 241146793 BUSINESS ADDRESS: STREET 1: 3150 SW 38TH AVENUE STREET 2: SUITE 1100 CITY: MIAMI STATE: FL ZIP: 33146 BUSINESS PHONE: 305.614.2222 MAIL ADDRESS: STREET 1: 3150 SW 38TH AVENUE STREET 2: SUITE 1100 CITY: MIAMI STATE: FL ZIP: 33146 FORMER COMPANY: FORMER CONFORMED NAME: Lionheart Acquisition Corp. II DATE OF NAME CHANGE: 20200724 FORMER COMPANY: FORMER CONFORMED NAME: Lionheart Acquisition Corp. DATE OF NAME CHANGE: 20200205 8-K 1 lifw-20240723.htm 8-K 8-K
0001802450False00018024502024-07-232024-07-230001802450lifw:RedeemableWarrantsEachWholeWarrantExercisableForOneShareOfClassACommonStockAtAnExercisePriceOf28750PerShareMember2024-07-232024-07-230001802450lifw:RedeemableWarrantsEachWholeWarrantExercisableForOneShareOfClassACommonStockAtAnExercisePriceOf00025PerShareMember2024-07-232024-07-230001802450us-gaap:CommonStockMember2024-07-232024-07-23

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): July 23, 2024

MSP Recovery, Inc.

(Exact name of registrant as specified in its charter)

 

 

 

 

 

Delaware

(State or other jurisdiction
of incorporation)

001-39445

(Commission
File Number)

84-4117825

(I.R.S. Employer
Identification No.)

 

 

3150 SW 38th Avenue

Suite 1100

Miami, Florida

33146

(Address of principal executive offices)

(Zip Code)

(305) 614-2222

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act

Soliciting material pursuant to Rule 14a-12 under the Exchange Act

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

Securities registered pursuant to Section 12(b) of the Act:

 


 

 

 

 

 

 

Title of each class

Trading

Symbol(s)

Name of each exchange

on which registered

Class A Common stock, $0.0001 par value per share

LIFW

The Nasdaq Global Market

 

 

 

 

 

Redeemable warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $287.50 per share

LIFWW

The Nasdaq Global Market

 

 

 

 

 

Redeemable warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $0.0025 per share

 

LIFWZ

 

The Nasdaq Global Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 


 

 

 

 

Item 3.02 Unregistered Sales of Equity Securities.

On July 23, 2024, MSP Recovery, Inc. (the “Company”) issued 2,686,780 shares of the Company’s Class A Common Stock, pursuant to two Investor Notices, as defined in the Exchangeable Promissory Notes (“Notes”) issued to YA II PN, Ltd. (“Yorkville”) by and between Yorkville and the Company, pursuant to the Standby Equity Purchase Agreement dated November 14, 2023, as amended (the “SEPA”) by and between Yorkville and the Company.

The securities referred to in this Current Report on Form 8-K are being issued and sold by the Company to Yorkville in reliance upon the exemption from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”) pursuant to Section 4(a)(2) of the Securities Act.

Capitalized but undefined terms have the same meaning as set forth in the Yorkville SEPA and the Notes.

Item 9.01. Financial Statements and Exhibits.

 

(d)
Exhibits

 

Exhibit

Number

Description

 

 

10.1

 

Form of Exchangeable Promissory Notes (incorporated by reference to Exhibit 10.2 to the Form 8-K filed on July 18, 2024)

10.2

 

Yorkville SEPA (incorporated by reference to Exhibit 10.10 to the Form 10-Q filed on November 14, 2023)

104

Cover Page Interactive File (the cover page tags are embedded within the Inline XBRL document).


 

 

 


 

 

 

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

 

 

 

 

 

 

MSP RECOVERY, INC.

Dated: July 26, 2024

 

 

 

 

 

 

 

By:

/s/ Alexandra Plasencia

 

 

Name:

Alexandra Plasencia

 

 

Title:

General Counsel

 

 


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