MSP Recovery Inc. Amends Promissory Note with Nomura, Increases Principal to $33.6 Million
MSP Recovery Inc. has recently amended its financial agreements with Nomura Securities International, Inc. and Yorkville. The amendment to the Nomura Note, initially established on May 27, 2022, was executed on June 26, 2025, increasing the principal amount to approximately $33.6 million. Additionally, Nomura waived its entitlement to receive up to $3 million from the Yorkville SEPA under certain conditions. Concurrently, MSP Recovery entered into a Standby Equity Purchase Agreement $(SEPA)$ with YA II PN, LTD, a Cayman Islands-based partnership, enabling the company to sell up to $250 million of its common stock to Yorkville. Furthermore, Yorkville agreed to provide MSP Recovery with $15 million in convertible promissory notes, with $10 million already issued in 2023 and an additional $5 million issued in 2024. These strategic financial maneuvers aim to bolster MSP Recovery's capital structure and support its ongoing operations.
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