UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 6, 2022 (
(Exact name of Registrant as Specified in Its Charter)
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
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| Item 7.01 | Regulation FD Disclosure. |
As previously disclosed, following the closing on May 23, 2022 (the “Closing”) of the business combination among MSP Recovery, Inc., a Delaware corporation, formerly known as Lionheart Acquisition Corporation II (the “Company”), the MSP Purchased Companies, the members of MSP, and John H. Ruiz, the Company’s redeemable warrants to purchase one share of its Class A common stock, par value $0.0001 (the “Class A Common Stock”) (the “Public Warrants”), began trading on the Nasdaq Global Market under the symbol “MSPRZ” and the exercise price of the Public Warrants decreased to $0.0001 per share of Class A Common Stock. Effective June 3, 2022, the Public Warrants became exercisable on a cashless basis pursuant to their terms. As of the Closing, an aggregate of 11,500,000 Public Warrants were outstanding. As of June 3, 2022, an aggregate of approximately 4,538,166 Public Warrants were exercised on a cashless basis for an aggregate of approximately 4,538,088 shares of Class A Common Stock.
More information regarding the Public Warrants is contained in the Company’s Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission on May 27, 2022.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| Dated: June 6, 2022 | MSP RECOVERY, INC. | |||||
| By: | /s/ Ricardo Rivera | |||||
| Name: | Ricardo Rivera | |||||
| Title: | Chief Financial Officer | |||||