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LifeWallet Announces Continued Negotiations On Previously Announced Transactions And Completion Of Credit Agreement Providing Significant Working Capital For Ongoing Recovery Efforts

Provided By Globe Newswire

Last update: Mar 11, 2023

CORAL GABLES, Fla., March 10, 2023 (GLOBE NEWSWIRE) -- MSP Recovery, Inc. d/b/a LifeWallet (NASDAQ: LIFW) (“LifeWallet” or “LIFW” or the “Company”), filed a Form 8-k today with the United States Securities and Exchange Commission (the “SEC”) announcing that it has been actively negotiating a transaction with Hazel Partners Holdings, LLC – for which it previously announced a term sheet on January 2, 2023 – with respect to the acquisition by the Company of certain recovery rights which are expected to be financed in part by a seller loan from Hazel. The Company currently anticipates purchasing the claim recovery rights at approximately $0.20 of the Paid Amount for specific case funnels, i.e., the identified recovery rights. The Company has previously reported recovering on similar accident-related litigation-based claims, 1st party demand letters, 3rd party demand letters, and case and lien recoveries at recovery multiples of 2.1x, 1,8x, 4.4x, and 1.7x, respectively.

Read more at globenewswire.com

MSP RECOVERY INC

NASDAQ:MSPR (7/23/2025, 9:40:24 AM)

1.03

-0.04 (-3.74%)



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