MSP Recovery Implements Reverse Stock Split to Meet Nasdaq's Minimum Bid Price Standards
Reverse Stock Split Announcement: MSP Recovery, Inc. will implement a 1-for-7 reverse stock split of its Class A common stock effective September 1, 2025, to comply with Nasdaq's minimum bid price requirement.
Trading Continuation: The company's shares will continue trading on the Nasdaq Capital Market under the symbol "MSPR" and will begin trading on a split-adjusted basis on September 2, 2025.
Share Conversion Details: Following the reverse split, every seven shares will convert into one share, resulting in approximately 1.02 million shares of Class A common stock outstanding post-split.
Company Overview: Founded in 2014, MSP Recovery specializes in Medicare, Medicaid, and commercial reimbursement recovery, utilizing data-driven solutions to enhance healthcare reimbursement processes.
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