MSP Recovery Inc. has entered into a new letter agreement through its subsidiaries with Hazel Partners Holdings LLC, the administrative agent and lender under the company's existing working capital credit facility. Under the terms of the agreement, Hazel will provide MSP Recovery with a $325,000 advance to be used exclusively for operating expenses. This advance is a standalone accommodation and does not reinstate or expand the availability under the existing working capital credit facility. The agreement does not provide any ongoing or recurring funding, and the company currently has no rights or expectations for further advances from Hazel. The company emphasized that the receipt of this advance should not be interpreted as a sign of future funding availability or the company’s ability to meet ongoing financial obligations.

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