{"filing":{"accession_number":"0001213900-26-059017","cik":"0001802450","ticker":"MSPRZ","company_name":"MSP Recovery, Inc.","form":"8-K","filing_date":"2026-05-19","report_date":null,"primary_document":"ea0291573-8k_msp.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1802450/000121390026059017/ea0291573-8k_msp.htm"},"events":[{"id":10741,"run_id":9423,"accession_number":"0001213900-26-059017","anchor_item_number":"1.01","event_type":"other_material","event_domain":"catchall","is_material":true,"confidence":0.7,"summary":"MSP Recovery entered into two material funding agreements on May 15, 2026: a $0.1 million discretionary advance from Hazel Partners under an existing working capital facility and a $0.1 million one-time advance from VRM MSP Recovery Partners to support accounts payable. These discretionary and one-time advances reflect liquidity constraints and financial stress.","company_name":"MSP Recovery, Inc.","ticker":"MSPRZ","filing_date":"2026-05-19","submitted_at":null,"items":[{"id":7131,"accession_number":"0001213900-26-059017","item_number":"1.01","item_title":"Entry into a Material Definitive Agreement","event_type":"other_material","event_domain":"catchall","is_material":true,"confidence":0.75,"reasoning":"MSP Recovery entered into two material funding agreements on May 15, 2026: a $0.1 million discretionary advance from Hazel Partners under an existing working capital facility, and a $0.1 million one-time advance from VRM MSP Recovery Partners to support accounts payable. While these are financing arrangements disclosed under Item 1.01, they do not constitute a traditional M\u0026A transaction, debt covenant breach, or dilutive equity issuance. The language emphasizing discretionary nature, one-time status, and lack of committed liquidity suggests financial stress and liquidity constraints, making this material to investors assessing the company's financial condition and going-concern status, but the event itself is best classified as other_material rather than a specific M\u0026A or financing category.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-13T00:59:43.421229+00:00","company_name":"","ticker":null,"filing_date":""},{"id":7132,"accession_number":"0001213900-26-059017","item_number":"2.03","item_title":"Creation of a Direct Financial Obligation","event_type":"other_material","event_domain":"catchall","is_material":true,"confidence":0.45,"reasoning":"The filing references Item 2.03 (Creation of a Direct Financial Obligation or Off-Balance Sheet Arrangement), which typically signals a material debt issuance, financing arrangement, or contingent obligation. However, the section text provided is incomplete—it cuts off mid-sentence at \"To the extent required by\"—making it impossible to determine the specific nature of the obligation (e.g., debt covenant breach, new loan, guarantee, or other arrangement). Without the full disclosure, I cannot confidently assign a more specific event type such as covenant_breach or ma_activity. The Item 2.03 header itself indicates materiality, but the truncated prose prevents precise classification.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-13T00:59:43.421229+00:00","company_name":"","ticker":null,"filing_date":""}]},{"id":10742,"run_id":9423,"accession_number":"0001213900-26-059017","anchor_item_number":"8.01","event_type":"delisting_risk","event_domain":"terminal","is_material":true,"confidence":0.95,"summary":"MSP Recovery received notice from OTC Markets that its Class A common stock will be downgraded from the OTCQB Venture Market to the OTC Pink market effective May 20, 2026, due to failure to timely file its Form 10-K and OTCQB Annual Certification. The downgrade could adversely affect liquidity, market price, analyst coverage, and investor access.","company_name":"MSP Recovery, Inc.","ticker":"MSPRZ","filing_date":"2026-05-19","submitted_at":null,"items":[{"id":7134,"accession_number":"0001213900-26-059017","item_number":"8.01","item_title":"Other Events","event_type":"delisting_risk","event_domain":"terminal","is_material":true,"confidence":0.95,"reasoning":"MSP Recovery received notice from OTC Markets that its Class A common stock will be downgraded from the OTCQB Venture Market to the OTC Pink market effective May 20, 2026, due to failure to timely file its Form 10-K and OTCQB Annual Certification. The filing explicitly states the downgrade \"could adversely affect the liquidity and market price of the Company's Class A common stock\" and limit analyst coverage and investor access. This is a clear delisting risk event—a failure to satisfy continued listing requirements resulting in transfer to a lower market tier.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-13T00:59:43.421229+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":7131,"accession_number":"0001213900-26-059017","item_number":"1.01","item_title":"Entry into a Material Definitive Agreement","event_type":"other_material","event_domain":"catchall","is_material":true,"confidence":0.75,"reasoning":"MSP Recovery entered into two material funding agreements on May 15, 2026: a $0.1 million discretionary advance from Hazel Partners under an existing working capital facility, and a $0.1 million one-time advance from VRM MSP Recovery Partners to support accounts payable. While these are financing arrangements disclosed under Item 1.01, they do not constitute a traditional M\u0026A transaction, debt covenant breach, or dilutive equity issuance. The language emphasizing discretionary nature, one-time status, and lack of committed liquidity suggests financial stress and liquidity constraints, making this material to investors assessing the company's financial condition and going-concern status, but the event itself is best classified as other_material rather than a specific M\u0026A or financing category.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-13T00:59:43.421229+00:00","company_name":"MSP Recovery, Inc.","ticker":"MSPRZ","filing_date":"2026-05-19"},{"id":7132,"accession_number":"0001213900-26-059017","item_number":"2.03","item_title":"Creation of a Direct Financial Obligation","event_type":"other_material","event_domain":"catchall","is_material":true,"confidence":0.45,"reasoning":"The filing references Item 2.03 (Creation of a Direct Financial Obligation or Off-Balance Sheet Arrangement), which typically signals a material debt issuance, financing arrangement, or contingent obligation. However, the section text provided is incomplete—it cuts off mid-sentence at \"To the extent required by\"—making it impossible to determine the specific nature of the obligation (e.g., debt covenant breach, new loan, guarantee, or other arrangement). Without the full disclosure, I cannot confidently assign a more specific event type such as covenant_breach or ma_activity. The Item 2.03 header itself indicates materiality, but the truncated prose prevents precise classification.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-13T00:59:43.421229+00:00","company_name":"MSP Recovery, Inc.","ticker":"MSPRZ","filing_date":"2026-05-19"},{"id":7134,"accession_number":"0001213900-26-059017","item_number":"8.01","item_title":"Other Events","event_type":"delisting_risk","event_domain":"terminal","is_material":true,"confidence":0.95,"reasoning":"MSP Recovery received notice from OTC Markets that its Class A common stock will be downgraded from the OTCQB Venture Market to the OTC Pink market effective May 20, 2026, due to failure to timely file its Form 10-K and OTCQB Annual Certification. The filing explicitly states the downgrade \"could adversely affect the liquidity and market price of the Company's Class A common stock\" and limit analyst coverage and investor access. This is a clear delisting risk event—a failure to satisfy continued listing requirements resulting in transfer to a lower market tier.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-13T00:59:43.421229+00:00","company_name":"MSP Recovery, Inc.","ticker":"MSPRZ","filing_date":"2026-05-19"}]}