MSP Recovery, Inc. Files S-1 with SEC
Ticker: MSPRZ · Form: S-1 · Filed: Jun 5, 2024 · CIK: 1802450
| Field | Detail |
|---|---|
| Company | Msp Recovery, INC. (MSPRZ) |
| Form Type | S-1 |
| Filed Date | Jun 5, 2024 |
| Risk Level | medium |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.0001, $0.7090, $0.0600, $0.0039, $0.0025 |
| Sentiment | neutral |
Sentiment: neutral
Topics: sec-filing, s-1, company-information
TL;DR
MSP Recovery, Inc. (formerly Lionheart Acquisition) filed its S-1, get ready for the details.
AI Summary
MSP Recovery, Inc. filed an S-1 form on June 5, 2024, detailing its business operations and financial status. The company, formerly Lionheart Acquisition Corp. II and Lionheart Acquisition Corp., is incorporated in Delaware and headquartered in Coral Gables, Florida. The filing indicates a focus on computer processing and data preparation services.
Why It Matters
This S-1 filing provides crucial information for investors and the public regarding MSP Recovery, Inc.'s financial health and business strategy as it navigates the public markets.
Risk Assessment
Risk Level: medium — S-1 filings often precede significant corporate events like IPOs or secondary offerings, which inherently carry market risks.
Key Numbers
- 20240605 — Filing Date (The date the S-1 form was officially submitted to the SEC.)
- 1231 — Fiscal Year End (Indicates the end of the company's fiscal year for financial reporting.)
Key Players & Entities
- MSP Recovery, Inc. (company) — Filer of the S-1 document
- Lionheart Acquisition Corp. II (company) — Former name of MSP Recovery, Inc.
- Lionheart Acquisition Corp. (company) — Earlier former name of MSP Recovery, Inc.
- 2701 LE JEUNE ROAD (address) — Business and mailing address of MSP Recovery, Inc.
- CORAL GABLES, FL 33134 (address) — City, State, and ZIP code of MSP Recovery, Inc.
- 305.614.2222 (phone_number) — Business phone number for MSP Recovery, Inc.
FAQ
What is the primary business of MSP Recovery, Inc.?
MSP Recovery, Inc. is primarily involved in computer processing and data preparation services, as indicated by its SIC code 7374.
When did MSP Recovery, Inc. change its name?
The company was formerly known as Lionheart Acquisition Corp. II, with a name change date of July 24, 2020, and prior to that, Lionheart Acquisition Corp., with a name change date of February 5, 2020.
Where is MSP Recovery, Inc. located?
MSP Recovery, Inc. is located at 2701 Le Jeune Road, Floor 10, Coral Gables, FL 33134.
What is the SEC file number for this S-1 filing?
The SEC file number for this S-1 filing is 333-279958.
What is the accession number for this filing?
The accession number for this filing is 0000950170-24-069291.
Filing Stats: 4,819 words · 19 min read · ~16 pages · Grade level 18.6 · Accepted 2024-06-05 16:06:16
Key Financial Figures
- $0.0001 — of our Class A Common Stock, par value $0.0001 per share, including: (i) up to 5,000,0
- $0.7090 — Class A Common Stock on the Nasdaq was $0.7090 per share, the closing price of our Pub
- $0.0600 — losing price of our Public Warrants was $0.0600 per warrant, and the closing price of o
- $0.0039 — e closing price of our New Warrants was $0.0039 per warrant. Investing in our securit
- $0.0025 — Common Stock for the purchase price of $0.0025 per share. " DGCL " means the Delawar
Filing Documents
- lifw-20240605.htm (S-1) — 4640KB
- lifw-ex23_1.htm (EX-23.1) — 3KB
- lifw-exfiling_fees.htm (EX-FILING FEES) — 59KB
- img98138986_0.jpg (GRAPHIC) — 30KB
- img98138986_1.jpg (GRAPHIC) — 30KB
- 0000950170-24-069291.txt ( ) — 15307KB
- lifw-20240605.xsd (EX-101.SCH) — 2031KB
- lifw-20240605_htm.xml (XML) — 2422KB
USE OF PROCEEDS
USE OF PROCEEDS 43
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 44
BUSINESS
BUSINESS 68 MANAGEMENT 71
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION 78 CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS 81 BENEFICIAL OWNERSHIP OF SECURITIES 84 SELLING SECURITYHOLDERS 87
DESCRIPTION OF SECURITIES
DESCRIPTION OF SECURITIES 89 MATERIAL UNITED STATES FEDERAL INCOME AND ESTATE TAX CONSEQUENCES TO NON-U.S. HOLDERS 97 PLAN OF DISTRIBUTION 100 LEGAL MATTERS 104 EXPERTS 104 WHERE YOU CAN FIND MORE INFORMATION 104 INDEX TO CONSOLIDATED FINANCIAL STATEMENTS F- 105 ABOUT THIS PROSPECTUS This prospectus is part of a registration statement on Form S-1 that we filed with the SEC using a "shelf" registration process. Under this shelf registration process, the Selling Securityholders may, from time to time, offer, and sell up to 8,422,658 shares of our Class A Common Stock, including up to 5,000,000 shares of our Class A Common Stock issuable upon exercise of VRM Warrants and 2,500,000 shares of our Class A Common Stock issuable upon exercise of the VRP Warrant, through any means described in the section entitled " Plan of Distribution ." More specific terms of any securities that the Selling Securityholders offer and sell may be provided in a prospectus supplement that describes, among other things, the specific amounts and prices of the Class A Common Stock and/or warrants being offered and the terms of the offering. A prospectus supplement may also add, update, or change information included in this prospectus. Any statement contained in this prospectus will be deemed to be modified or superseded for purposes of this prospectus to the extent that a statement contained in such prospectus supplement modifies or supersedes such statement. Any statement so modified will be deemed to constitute a part of this prospectus only as so modified, and any statement so superseded will be deemed not to constitute a part of this prospectus. You should rely only on the information contained in this prospectus, any applicable prospectus supplement or any related free writing prospectus. See " Where You Can Find More Information ." Neither we, nor the Selling Securityholders, have authorized anyone to provide any information or to make any representation