MSP Recovery Files 8-K on Security Holder Matters
Ticker: MSPRZ · Form: 8-K · Filed: Sep 27, 2024 · CIK: 1802450
| Field | Detail |
|---|---|
| Company | Msp Recovery, INC. (MSPRZ) |
| Form Type | 8-K |
| Filed Date | Sep 27, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001, $287.50, $0.0025 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, security-holder-rights, filing-update
TL;DR
MSP Recovery filed an 8-K, expect changes for security holders.
AI Summary
On September 25, 2024, MSP Recovery, Inc. filed an 8-K report detailing material modifications to the rights of security holders and the submission of matters to a vote of security holders. The company, formerly known as Lionheart Acquisition Corp. II and Lionheart Acquisition Corp., is based in Miami, FL.
Why It Matters
This filing indicates significant changes or votes affecting the rights of MSP Recovery's security holders, which could impact their investment.
Risk Assessment
Risk Level: medium — Filings related to modifications of security holder rights and votes can introduce uncertainty and potential changes in the company's capital structure or governance.
Key Players & Entities
- MSP Recovery, Inc. (company) — Registrant
- Lionheart Acquisition Corp. II (company) — Former Company Name
- Lionheart Acquisition Corp. (company) — Former Company Name
- September 25, 2024 (date) — Date of Report
FAQ
What specific matters were submitted to a vote of security holders?
The filing indicates that matters were submitted to a vote of security holders, but the specific details of these matters are not provided in the provided text.
What are the material modifications to the rights of security holders?
The filing states there were material modifications to the rights of security holders, but the exact nature of these modifications is not detailed in the excerpt.
When was the company formerly known as Lionheart Acquisition Corp. II?
The company was formerly known as Lionheart Acquisition Corp. II, with a date of name change in 20200724.
What is the business address of MSP Recovery, Inc.?
The business address of MSP Recovery, Inc. is 3150 SW 38TH AVENUE, SUITE 1100, MIAMI, FL 33146.
What is the SIC code for MSP Recovery, Inc.?
The Standard Industrial Classification (SIC) code for MSP Recovery, Inc. is 7374, which corresponds to SERVICES-COMPUTER PROCESSING & DATA PREPARATION.
Filing Stats: 611 words · 2 min read · ~2 pages · Grade level 12.7 · Accepted 2024-09-27 16:05:09
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-20240925.htm (8-K) — 57KB
- lifw-ex10_1.htm (EX-10.1) — 12KB
- img129770838_0.jpg (GRAPHIC) — 6KB
- 0000950170-24-109991.txt ( ) — 247KB
- lifw-20240925.xsd (EX-101.SCH) — 59KB
- lifw-20240925_htm.xml (XML) — 8KB
03 Material Modification to Rights of Security Holders
Item 3.03 Material Modification to Rights of Security Holders. To the extent required by Item 3.03 of Form 8-K, the information contained in Item 5.07 of this Current Report on Form 8-K is incorporated herein by reference.
07. Submission of Matters to a Vote of Security Holders
Item 5.07. Submission of Matters to a Vote of Security Holders. As previously disclosed in the Preliminary Information Statement on Schedule 14C filed by the Company with the Securities and Exchange Commission on September 25, 2024, effective September 25, 2024, the majority stockholders of the Company, beneficial owners of at least 122,893,606 (or 79.3%) of the 155,042,822 shares of the Company's total combined issued and outstanding Company's Class A common stock, par value $0.0001 ("Class A Common Stock") and Class V common stock, par value $0.0001 ("Class V Common Stock," and combined with the Class A Common Stock, "Common Stock") executed a written consent to action without meeting, authorizing the Board of Directors of the Company (the "Board") to amend the Company's Second Amended and Restated Certificate of Incorporation, to effect a reverse stock split (the "Reverse Stock Split") of the Company's Common Stock at a reverse stock split ratio ranging from 1:3 to 1:30, and to authorize the Board to determine, at its discretion, the timing of the amendment and the specific ratio of the Reverse Stock Split.
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: September 27, 2024 By: /s/ Alexandra Plasencia Name: Alexandra Plasencia Title: General Counsel