MSP Recovery, Inc. disclosed a series of working capital funding agreements in a Form 8-K filed on October 1, 2026. The filings detail a total of seven separate letter agreements executed with Hazel Partners Holdings, LLC between September 2 and September 29, 2026.
The agreements, executed through the Company's subsidiaries, provide for one-time advances to increase the company's Operational Collection Floor. The first advance, executed on September 2, 2026, was for $60,000. This was followed by advances of $350,000 on September 7, $30,000 on September 10, $110,000 on September 18, $60,000 on September 24, $40,000 on September 25, and a final advance of $40,000 on September 29.
The Company notes that these advances are standalone accommodations and do not reinstate or replenish availability under the existing Working Capital Credit Facility. As of the filing of the Q3-2025 Form 10-Q, aggregate advances under the Operational Collection Floor had reached approximately $6.0 million, and no remaining funding capacity was available at that time. The Company cautions that the receipt of these Advances should not be viewed as indicative of Hazel’s willingness to provide future funding.
In addition to the Hazel agreements, MSP Recovery entered into addenda with VRM MSP Recovery Partners, LLC. These addenda, executed on September 3, September 10, September 18, and September 29, 2026, provided for one-time advances of $30,000, $30,000, $20,000, and $40,000, respectively.
The filing also reports the resignation of two directors. Michael F. Arrigo stepped down from the Board and all committees effective September 24, 2026. Beatriz Assapimonwait stepped down from the Board and all committees effective September 28, 2026. The Company stated that these resignations were not the result of any disagreements regarding the Company’s operations, policies, or practices.
