MSP Recovery, Inc. Faces Delisting Concerns
Ticker: MSPRZ · Form: 8-K · Filed: Dec 3, 2024 · CIK: 1802450
| Field | Detail |
|---|---|
| Company | Msp Recovery, INC. (MSPRZ) |
| Form Type | 8-K |
| Filed Date | Dec 3, 2024 |
| Risk Level | high |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001, $7,187.50, $0.0625 |
| Sentiment | bearish |
Sentiment: bearish
Topics: delisting, listing-standards, financials
TL;DR
MSP Recovery might be delisted, filing 8-K on 12/3/24.
AI Summary
MSP Recovery, Inc. filed an 8-K on December 3, 2024, to report a notice of delisting or failure to satisfy a continued listing rule or standard, and also filed financial statements and exhibits. The company was formerly known as Lionheart Acquisition Corp. II and Lionheart Acquisition Corp.
Why It Matters
This filing indicates potential issues with MSP Recovery's continued listing on an exchange, which could impact its stock trading and investor confidence.
Risk Assessment
Risk Level: high — A notice of delisting directly threatens the company's ability to remain publicly traded, posing a significant risk to investors.
Key Players & Entities
- MSP Recovery, Inc. (company) — Registrant
- Lionheart Acquisition Corp. II (company) — Former Company Name
- Lionheart Acquisition Corp. (company) — Former Company Name
- December 3, 2024 (date) — Date of Report
FAQ
What specific listing rule or standard has MSP Recovery, Inc. failed to satisfy?
The filing does not specify the exact rule or standard that MSP Recovery, Inc. has failed to satisfy, only that a notice of delisting or failure to satisfy such a rule is being reported.
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 not explicitly stated in this excerpt but implied to be prior to becoming MSP Recovery, Inc.
What is the primary purpose of this 8-K filing?
The primary purpose of this 8-K filing is to report a notice of delisting or failure to satisfy a continued listing rule or standard, and to file financial statements and exhibits.
Where is MSP Recovery, Inc. headquartered?
MSP Recovery, Inc. is headquartered in Miami, Florida, with its business and mailing address listed as 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 falls under SERVICES-COMPUTER PROCESSING & DATA PREPARATION.
Filing Stats: 508 words · 2 min read · ~2 pages · Grade level 12.4 · Accepted 2024-12-03 16:05:13
Key Financial Figures
- $0.0001 — hich registered Class A Common stock, $0.0001 par value per share LIFW The Nasdaq
- $7,187.50 — A common stock at an exercise price of $7,187.50 per share LIFWW The Nasdaq Global M
- $0.0625 — A common stock at an exercise price of $0.0625 per share LIFWZ The Nasdaq Global M
Filing Documents
- lifw-20241203.htm (8-K) — 65KB
- lifw-ex99_1.htm (EX-99.1) — 34KB
- 0000950170-24-132744.txt ( ) — 268KB
- lifw-20241203.xsd (EX-101.SCH) — 59KB
- lifw-20241203_htm.xml (XML) — 8KB
01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. Nasdaq Stock Market Listing On December 3, 2024, MSP Recovery, Inc. ("the Company") received correspondence from Nasdaq stating that the Company's previously disclosed bid price deficiency has been cured, and that the Company has regained compliance with Listing Rule 5450(a)(1). The Company's Class A common stock will continue to be listed and traded on Nasdaq, subject to continued compliance with applicable Nasdaq listing standards.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 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: December 3, 2024 By: /s/ Alexandra Plasencia Name: Alexandra Plasencia Title: General Counsel