MSP Recovery, Inc. 8-K

What Happened
MSP Recovery, Inc. (MSPR) announced that it has not filed its Annual Report on Form 10-K for the period ended December 31, 2025, nor its Quarterly Report on Form 10-Q for the period ended March 31, 2026. On July 6, 2026, the OTC Markets Group notified the company that, because it no longer meets Rule 15c2-11 disclosure requirements, its Class A common stock and publicly traded warrants will be moved from the OTC Pink Limited Information tier to the OTC Markets’ “Expert Market” on or around July 17, 2026. MSP Recovery stated it does not expect to have the delayed reports filed by the July 17, 2026 deadline.

Key Details

• Delayed filings: Form 10-K for year ended Dec 31, 2025 and Form 10-Q for quarter ended Mar 31, 2026.
• OTC notice date: July 6, 2026; effective move to Expert Market on or around July 17, 2026 if filings are not made.
• Affected securities: Class A common stock and publicly traded warrants (the company’s “Publicly Traded Securities”).
• Expert Market: quotations are unsolicited and primarily available to broker-dealers, institutions, and sophisticated investors (limited liquidity and visibility).

Why It Matters
Being moved to the OTC Expert Market indicates MSPR is not current in its SEC reporting. That change typically reduces public quoting, liquidity, and visibility for retail investors because quotes are unsolicited and aimed at institutional or sophisticated participants. The designation does not itself change the company’s operations or ownership structure, but it signals compliance issues that investors should monitor—especially whether and when MSP Recovery files the overdue Form 10-K and Form 10-Q.