MSP Recovery Files 8-K/A Amendment on Warrants
Ticker: MSPRZ · Form: 8-K/A · Filed: Mar 4, 2024 · CIK: 1802450
| Field | Detail |
|---|---|
| Company | Msp Recovery, INC. (MSPRZ) |
| Form Type | 8-K/A |
| Filed Date | Mar 4, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001, $287.50, $0.0025 |
| Sentiment | neutral |
Sentiment: neutral
Topics: amendment, warrants, financial-reporting
TL;DR
MSP Recovery amended its 8-K to update warrant details as of March 1, 2024.
AI Summary
MSP Recovery, Inc. filed an 8-K/A on March 4, 2024, to amend a previous filing. The amendment pertains to financial statements and exhibits, specifically related to redeemable warrants. The filing indicates that as of March 1, 2024, there were redeemable warrants exercisable for Class A Common Stock.
Why It Matters
This amendment clarifies details regarding the company's outstanding warrants, which could impact the potential dilution of common stock.
Risk Assessment
Risk Level: medium — Amendments to financial filings, especially concerning warrants, can indicate ongoing financial restructuring or potential dilution events.
Key Numbers
- 25 — Warrants per share (Each lot of 25 warrants is exercisable for one share of Class A Common Stock.)
- $2.8750 — Exercise price (Exercise price per share for redeemable warrants.)
Key Players & Entities
- MSP Recovery, Inc. (company) — Registrant
- March 1, 2024 (date) — Date related to warrants
- March 4, 2024 (date) — Filing date of the amendment
- Lionheart Acquisition Corp. II (company) — Former company name
- Lionheart Acquisition Corp. (company) — Former company name
FAQ
What specific financial statements or exhibits are being amended in this 8-K/A filing?
The filing indicates an amendment related to 'Financial Statements and Exhibits' and specifically mentions 'RedeemableWarrants'.
What is the exercise price for the redeemable warrants mentioned in the filing?
The exercise price for the redeemable warrants is $2.8750 per share.
As of what date are the warrant details being reported in this amendment?
The warrant details are reported as of March 1, 2024.
What was MSP Recovery, Inc. previously known as?
MSP Recovery, Inc. was formerly known as Lionheart Acquisition Corp. II and Lionheart Acquisition Corp.
What is the purpose of filing an 8-K/A form?
An 8-K/A form is filed to amend a previously filed Current Report on Form 8-K.
Filing Stats: 530 words · 2 min read · ~2 pages · Grade level 10.7 · Accepted 2024-03-04 08:23:41
Key Financial Figures
- $0.0001 — hich registered Class A Common stock, $0.0001 par value per share LIFW The Nasdaq
- $287.50 — A common stock at an exercise price of $287.50 per share LIFWW The Nasdaq Global M
- $0.0025 — A common stock at an exercise price of $0.0025 per share LIFWZ The Nasdaq Global M
Filing Documents
- lifw-20240301.htm (8-K/A) — 64KB
- lifw-ex99_1.htm (EX-99.1) — 33KB
- 0000950170-24-024366.txt ( ) — 268KB
- lifw-20240301.xsd (EX-101.SCH) — 53KB
- lifw-20240301_htm.xml (XML) — 8KB
01 Other Events
Item 8.01 Other Events. On March 3, 2024, MSP Recovery, Inc. (the "Company") issued a press release announcing that it entered into a settlement agreement with certain affiliated auto insurers. A copy of the Company's press release announcing the settlement agreement is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 99.1 Press Release dated March 3, 2024 104 Cover Page Interactive File (the cover page tags are embedded within the Inline XBRL document).
SIGNATURES
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 R ECOVERY , I NC . Dated: March 4, 2024 By: /s/ Alexandra Plasencia Name: Alexandra Plasencia Title: General Counsel