# MSP Recovery, Inc. (MSPRZ) — capital_raise/public_offering [announced]
Source: SEC API (secapi.ai) · situation sit_abd65f8166f263d4dafc · retrieved 2026-08-12T21:20:34.556Z

## Overview
MSP Recovery, Inc. is a claims recovery services company that pursues recovery of healthcare claims, including Medicare Advantage, Medicaid, and commercial insurance claims, as well as opioid litigation proceeds.

On July 8, 2026, MSP Recovery, Inc. entered into a letter agreement with VRM MSP Recovery Partners, LLC under which VRM provided a one-time advance of $300,000 to support operating expenses. In connection with the advance, the parties amended the Master Transaction Agreement (dated March 9, 2022) and the Amended and Restated Security Agreement (dated September 11, 2023) to: (i) require MSP Recovery to irrevocably direct all claims recovery proceeds to designated collection accounts under VRM's control; (ii) amend procedures for receipt, allocation, and distribution of claims recovery proceeds; (iii) remove the "Operating Reserve" and "Reserve Account" from excluded collateral, making them subject to VRM's security interests; and (iv) require MSP Recovery to provide VRM with additional claims data. The letter agreement expressly stated the advance is a one-time accommodation and does not obligate VRM to provide future funding.

## Terms
- Counterparty: VRM MSP Recovery Partners, LLC · Deal value: $300,000 · Consideration: cash

## Key dates
- Announced 2026-07-13

## Timeline
- 2026-07-13 · 8-K (0001213900-26-077545): 8-K - MSP Recovery, Inc. — *MSP Recovery, Inc. is a claims recovery services company that pursues recovery of healthcare claims, including Medicare Advantage, Medicaid, and commercial insurance claims, as well as opioid litigation proceeds.* On July 8, 2026, MSP Recovery, Inc. entered into a letter agreement with VRM MSP Recovery Partners, LLC under which VRM provided a one-time advance of $300,000 to support operating expenses. In connection with the advance, the parties amended the Master Transaction Agreement (dated March 9, 2022) and the Amended and Restated Security Agreement (dated September 11, 2023) to: (i) require MSP Recovery to irrevocably direct all claims recovery proceeds to designated collection accounts under VRM's control; (ii) amend procedures for receipt, allocation, and distribution of claims recovery proceeds; (iii) remove the "Operating Reserve" and "Reserve Account" from excluded collateral, making them subject to VRM's security interests; and (iv) require MSP Recovery to provide VRM with additional claims data. The letter agreement expressly stated the advance is a one-time accommodation and does not obligate VRM to provide future funding.
  https://www.sec.gov/Archives/edgar/data/1802450/0001213900-26-077545.txt

## Citations
- 0001213900-26-077545 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026077545