MSP Recovery Inc. has amended its existing Standby Equity Purchase Agreement $(SEPA)$ with YA II PN, LTD, a Cayman Islands exempt limited partnership affiliated with Yorkville. Under the SEPA, MSP Recovery retains the right to sell up to $250 million of its common stock to Yorkville, subject to specific terms and conditions. In connection with this agreement, Yorkville has provided capital to MSP Recovery through convertible promissory notes, with approximately $3.6 million currently outstanding. These notes represent direct financial obligations for MSP Recovery and include provisions for acceleration and mandatory monthly repayments in the event of default. As of now, no acceleration notice has been issued by Yorkville, and MSP Recovery asserts that no cross-defaults or immediate accelerations under other indebtedness have occurred.

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