MSP Recovery Faces Delisting Concerns
Ticker: MSPRZ · Form: 8-K · Filed: Dec 9, 2024 · CIK: 1802450
| Field | Detail |
|---|---|
| Company | Msp Recovery, INC. (MSPRZ) |
| Form Type | 8-K |
| Filed Date | Dec 9, 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, financial-statements
TL;DR
MSP Recovery might be delisted, check their latest filings.
AI Summary
MSP Recovery, Inc. filed an 8-K on December 9, 2024, reporting a notice of delisting or failure to satisfy a continued listing rule or standard, and also filed financial statements and exhibits. The company, formerly known as Lionheart Acquisition Corp. II and Lionheart Acquisition Corp., is based in Miami, Florida.
Why It Matters
This filing indicates potential issues with MSP Recovery's continued listing on an exchange, which could significantly impact its stock value and investor confidence.
Risk Assessment
Risk Level: high — A notice of delisting or failure to meet listing standards suggests significant financial or operational distress for the company.
Key Players & Entities
- MSP Recovery, Inc. (company) — Registrant
- Lionheart Acquisition Corp. II (company) — Former company name
- Lionheart Acquisition Corp. (company) — Former company name
- December 6, 2024 (date) — Earliest event reported date
- December 9, 2024 (date) — Report date
FAQ
What specific rule or standard has MSP Recovery, Inc. failed to satisfy?
The filing indicates a 'Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard' but does not specify the exact rule in the provided text.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on December 6, 2024.
What was MSP Recovery, Inc. previously named?
MSP Recovery, Inc. was formerly known as Lionheart Acquisition Corp. II and Lionheart Acquisition Corp.
Where is MSP Recovery, Inc. located?
MSP Recovery, Inc. is located in Miami, Florida.
What type of filing is this 8-K reporting?
This 8-K filing is reporting a Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard, and also includes Financial Statements and Exhibits.
Filing Stats: 552 words · 2 min read · ~2 pages · Grade level 12.7 · Accepted 2024-12-09 16:05:08
Key Financial Figures
- $0.0001 — hich registered Class A Common stock, $0.0001 par value per share MSPR The Nasdaq
- $7,187.50 — A common stock at an exercise price of $7,187.50 per share MSPRW The Nasdaq Global M
- $0.0625 — A common stock at an exercise price of $0.0625 per share MSPRZ The Nasdaq Global M
Filing Documents
- lifw-20241206.htm (8-K) — 64KB
- 0000950170-24-134506.txt ( ) — 234KB
- lifw-20241206.xsd (EX-101.SCH) — 59KB
- lifw-20241206_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. On December 6, 2024, MSP Recovery, Inc. (the "Company") received notification from the Nasdaq Listing Qualifications Department of the Nasdaq Stock Market (the "Nasdaq") that the Company's application to transfer the listing of its common stock from the Nasdaq Global Market to the Nasdaq Capital Market has been approved. The Company's securities will be transferred to the Nasdaq Capital Market at the opening of business on December 10, 2024, and will continue to trade under the symbol "MSPR." The Nasdaq Capital Market operates in substantially the same manner as the Nasdaq Global Market, and listed companies must meet certain financial requirements and comply with Nasdaq's corporate governance requirements.
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 9, 2024 By: /s/ Alexandra Plasencia Name: Alexandra Plasencia Title: General Counsel