Cano Health Amends MSP Recovery Stake Disclosure

TL;DR

**Cano Health just updated its stake in MSP Recovery (LifeWallet), signaling a potential change in their investment strategy.**

AI Summary

Cano Health, Inc. filed an SC 13D/A Amendment No. 6 regarding its ownership in MSP Recovery, Inc. (now known as LifeWallet, Inc.). The filing, dated February 16, 2024, updates previous disclosures about Cano Health's holdings of MSP Recovery's Class A Common Stock. This amendment reflects changes in ownership or intent, as required for significant shareholders.

Why It Matters

This filing updates the public record on a significant shareholder's position, providing transparency on potential shifts in control or influence over MSP Recovery, Inc. (LifeWallet, Inc.).

Risk Assessment

Risk Level: low — This is an amendment to a standard disclosure filing, indicating a change in ownership or intent, which is a routine regulatory update.

Key Players & Entities

• Cano Health, Inc. (company) — Filing entity, reporting its stake
• MSP Recovery, Inc. (company) — Subject company, whose shares are being reported
• LifeWallet, Inc. (company) — Current name of MSP Recovery, Inc.
• February 16, 2024 (date) — Date of filing
• Class A Common Stock (other) — Type of security held

FAQ

Key Financial Figures

• $0.0001 — suer) Class A Common Stock, par value $0.0001 per share (Title of Class of Securiti

Filing Documents

• d793671dsc13da.htm (SC 13D/A) — 32KB
• 0001193125-24-038695.txt ( ) — 34KB

From the Filing

SC 13D/A 1 d793671dsc13da.htm SC 13D/A SC 13D/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 6)* MSP Recovery, Inc. (Name of Issuer) Class A Common Stock, par value $0.0001 per share (Title of Class of Securities) 553745100 (CUSIP Number) David J. Armstrong, Esq. General Counsel Cano Health, Inc. 9725 NW 117th Avenue Miami, Florida 33178 Tel: (855) 226-6633 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) February 14, 2024 (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box: Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent. * The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 ( Act ) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No.: 553745100 1 NAMES OF REPORTING PERSONS Cano Health, Inc. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)(b) 3 SEC USE ONLY 4 SOURCE OF FUNDS OO 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 4,963,828 8 SHARED VOTING POWER 0 9 SOLE DISPOSITIVE POWER 4,963,828 10 SHARED DISPOSITIVE POWER 0 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,963,828 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 33.5%(1) 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO (1) The 4,963,828 shares of Class A common stock of MSP Recovery, Inc. (the Issuer) reported herein represents 3.6% of the Issuers total issued and outstanding voting shares. (See Item 5 of the Schedule 13D.) 2 This Amendment No. 6 ( Amendment No. 6 ) to Schedule 13D relates to the Class A Common Stock, par value $0.0001 per share (the Class A Shares ), of MSP Recovery, Inc., a Delaware corporation (the Issuer ), and amends and supplements the initial statement on Schedule 13D filed by Cano Health, Inc., a Delaware corporation (the Reporting Person ), with the Securities and Exchange Commission ( SEC ) on July 17, 2023, as amended by Amendment No. 1 to the Schedule 13D filed with the SEC on January 12, 2024, as amended by Amendment No. 2 to the Schedule 13D filed with the SEC on January 24, 2024, as amended by Amendment No. 3 to the Schedule 13D filed with the SEC on January 31, 2024, as amended by Amendment No. 4 to the Schedule 13D filed with the SEC on February 6, 2024, as amended by Amendment No. 5 to the Schedule 13D filed with the SEC on February 12, 2024 (as so amended, the Schedule 13D ). Capitalized terms used but not defined in this Amendment No. 6 shall have the same meanings ascribed to them in the Schedule 13D. Item5. Interest in Securities of the Issuer. Items 5(a)-(c) of the Schedule 13D are hereby amended and restated as follows: (a) and (b) The percentage of beneficial ownership of the Class A Shares reported in this Schedule 13D assumes 14,803,125 Class A Shares outstanding as of February 2, 2024, based on information set forth in the Form S-1/A filed by the Issuer on February 9, 2024 (the Form S-1/A ). As of February 16, 2024, the aggregate number and percentage of Class A Shares beneficially owned by the Reporting Person and, for the Reporting Person, the number of shares as to which there is sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or to direct the disposition, or shared power to dispose or to direct the disposition are set forth on rows 7 through 11 and row 13 of the cover page of this Schedule 13D and are incorporated herein by reference. As of February 16, 2024, Cano Health, LLC, an indirect subsidiary of the Reporting Person, directly owns the 4,963,828 Class A Shares reported herein representing approximately 33.5% of the Class A Shares outstanding. The 4,963,828 Class A Shares beneficially owned by the Reporting Person represent approxi

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