<a href="https://laohu8.com/S/MSPR">MSP Recovery</a> Amends Nomura Note and Secures Additional $3 Million Yorkville Financing
MSP Recovery Inc. has amended its financing arrangements with two major financial institutions. The company reached an agreement with YA II PN, Ltd. (Yorkville) to reduce the floor price under its Standby Equity Purchase Agreement and related Convertible Promissory Notes from $1.00 to $0.50. Additionally, MSP Recovery entered into a second supplemental agreement with Yorkville, allowing for up to $3.0 million in additional funding via Convertible Promissory Notes, subject to a 10% original issue discount and certain limitations on principal advances. Separately, MSP Recovery amended and restated its promissory note with Nomura Securities International, Inc. to reflect an outstanding principal amount of approximately $35.4 million. The amendment also includes a limited waiver allowing the company to use up to $3.0 million in proceeds from Convertible Notes, which would otherwise be paid to Nomura, to fund company operations.
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