MSP Recovery, Inc. Delisted from Nasdaq
Ticker: MSPRZ · Form: 8-K · Filed: Dec 22, 2025 · CIK: 1802450
| Field | Detail |
|---|---|
| Company | Msp Recovery, INC. (MSPRZ) |
| Form Type | 8-K |
| Filed Date | Dec 22, 2025 |
| Risk Level | high |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $50,312.50, $0.4375, $2.5 m, $35 million |
| Sentiment | bearish |
Sentiment: bearish
Topics: delisting, listing-standards, company-name-change
Related Tickers: MSPR
TL;DR
MSPR is off Nasdaq, folks. Big trouble.
AI Summary
On December 18, 2025, MSP Recovery, Inc. filed an 8-K to report its delisting from the Nasdaq Capital Market due to failure to meet continued listing requirements. The company was formerly known as Lionheart Acquisition Corp. II and Lionheart Acquisition Corp.
Why It Matters
This delisting signifies a significant challenge for MSP Recovery, Inc., potentially impacting its ability to raise capital and its stock's liquidity.
Risk Assessment
Risk Level: high — Delisting from a major exchange like Nasdaq indicates severe financial distress or non-compliance, posing a substantial risk to investors.
Key Players & Entities
- MSP Recovery, Inc. (company) — Registrant
- Nasdaq Capital Market (company) — Exchange from which delisted
- Lionheart Acquisition Corp. II (company) — Former company name
- Lionheart Acquisition Corp. (company) — Former company name
FAQ
What was the specific reason for MSP Recovery, Inc.'s delisting from the Nasdaq Capital Market?
The filing indicates delisting due to failure to satisfy a continued listing rule or standard.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on December 18, 2025.
What were MSP Recovery, Inc.'s previous names?
MSP Recovery, Inc. was formerly known as Lionheart Acquisition Corp. II and Lionheart Acquisition Corp.
What is MSP Recovery, Inc.'s primary business classification?
MSP Recovery, Inc. is classified under SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374].
Where is MSP Recovery, Inc. headquartered?
MSP Recovery, Inc. is headquartered in Miami, Florida.
Filing Stats: 843 words · 3 min read · ~3 pages · Grade level 14 · Accepted 2025-12-22 06:10:29
Key Financial Figures
- $0.0001 — hich registered Class A common stock, $0.0001 par value per share MSPR Nasdaq Cap
- $50,312.50 — A common stock at an exercise price of $50,312.50 per share MSPRW Nasdaq Capital Mark
- $0.4375 — A common stock at an exercise price of $0.4375 per share MSPRZ Nasdaq Capital Mark
- $2.5 m — 2024, was below the required minimum of $2.5 million, and the Company did not meet the
- $35 million — he market value of listed securities of $35 million or net income from continuing operation
- $500,000 — et income from continuing operations of $500,000 in the most recently completed fiscal y
- $1.00 — sted securities has closed at less than $1.00 per share over the previous 30 consecut
Filing Documents
- mspr-20251218.htm (8-K) — 66KB
- 0001193125-25-327465.txt ( ) — 232KB
- mspr-20251218.xsd (EX-101.SCH) — 61KB
- mspr-20251218_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. As previously disclosed, on October 22, 2025, the Company received a Staff Delisting Determination (the "Delisting Notification"), notifying the Company that it was not in compliance with the minimum stockholders' equity requirement for continued listing on the Nasdaq Capital Market, under Listing Rule 5550(b)(1), as the Company's stockholders' equity reported in the Company's Form 10-K for the year ended December 31, 2024, was below the required minimum of $2.5 million, and the Company did not meet the alternative compliance standards, relating to the market value of listed securities of $35 million or net income from continuing operations of $500,000 in the most recently completed fiscal year or in two of the last three most recently completed fiscal years. On October 29, 2025, the Company timely requested a review of the Delisting Notification by a Hearings Panel (the "Panel"), and on November 21, 2025, the Company timely submitted its Required Written Submission to the Panel. The hearing request stayed suspension of trading of the Company's securities and the filing of the Form 25-NSE, pending the Panel's decision. On November 28, 2025, the Company received an additional staff determination letter ("Additional Staff Determination") indicating that the bid price of the Company's listed securities has closed at less than $1.00 per share over the previous 30 consecutive business days, and, as a result, the Company is not in compliance with Listing Rule 5550(a)(2). The Staff determined that such non-compliance served as an additional basis for delisting the Company's securities from Nasdaq. The Company was afforded an opportunity to present its views to the Panel with respect to this additional deficiency at the December 11, 2025 hearing. On December 11, 2025, the Panel held a hearing on the Appeal of the Staff's October 22, 2025 and November 28, 2
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 22, 2025 By: /s/ Francisco Rivas-Vasquez Name: Francisco Rivas-Vasquez Title: Chief Financial Officer