MSP Recovery, Inc. has entered into a Standby Equity Purchase Agreement $(SEPA)$ with YA II PN, LTD, a Cayman Islands exempt limited partnership known as Yorkville. Under the terms of the agreement, MSP Recovery has the right to sell up to $250 million worth of its common stock to Yorkville, subject to certain conditions and limitations outlined in the agreement. The decision to sell shares and the timing of such sales will be at the discretion of MSP Recovery. The agreement provides MSP Recovery with a flexible financing option to access capital as needed during the term of the SEPA.