SEC Comment Letter 0000000000-24-000083 to MSP Recovery, Inc. (LIFW, LIFWW, LIFWZ) (CIK 0001802450) (MSPR)
MSP Recovery, Inc. (LIFW, LIFWW, LIFWZ) (CIK 0001802450)
Date: Jan. 3, 2024 · CIK: 0001802450 · Accession: 0000000000-24-000083
AI Filing Summary & Sentiment
File numbers found in text: 333-269346
Letter
United States securities and exchange commission logo January 3, 2024 John H. Ruiz Chief Executive Officer MSP Recovery, Inc. 2701 Le Jeune Road, Floor 10 Coral Gables, FL 33134 Re:MSP Recovery, Inc. Amendment No. 1 to Registration Statement on Form S-1 Filed December 8, 2023 File No. 333-269346 Dear John H. Ruiz: We have reviewed your amended registration statement and have the following comments. Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe a comment applies to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to this letter, we may have additional comments. Form S-1 filed December 8, 2023 Prospectus Summary Recent Developments, page 8 1.Please provide disclosure in your "Recent Developments" section regarding the SEC investigation that you discuss on pages 44 and 124. Risk Factors, page 15 2.Please provide risk factor disclosure regarding the first priority lien on all sources of revenue of the company under the Virage MTA Amendment. Address the impact of the lien on your revenue and discuss the risks and uncertainties to your operations and shareholders.
FirstName LastNameJohn H. Ruiz Comapany NameMSP Recovery, Inc. January 3, 2024 Page 2 FirstName LastName John H. Ruiz MSP Recovery, Inc. January 3, 2024 Page 2 Please contact Lauren Pierce at 202-551-3887 or Jan Woo at 202-551-3453 with any other questions. Sincerely, Division of Corporation Finance Office of Technology cc: Adam Buehler, Esq.
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United States securities and exchange commission logo
January 3, 2024
John H. Ruiz
Chief Executive Officer
MSP Recovery, Inc.
2701 Le Jeune Road, Floor 10
Coral Gables, FL 33134
Re:MSP Recovery, Inc.
Amendment No. 1 to Registration Statement on Form S-1
Filed December 8, 2023
File No. 333-269346
Dear John H. Ruiz:
We have reviewed your amended registration statement and have the following
comments.
Please respond to this letter by amending your registration statement and providing the
requested information. If you do not believe a comment applies to your facts and circumstances
or do not believe an amendment is appropriate, please tell us why in your response.
After reviewing any amendment to your registration statement and the information you
provide in response to this letter, we may have additional comments.
Form S-1 filed December 8, 2023
Prospectus Summary
Recent Developments, page 8
1.Please provide disclosure in your "Recent Developments" section regarding the SEC
investigation that you discuss on pages 44 and 124.
Risk Factors, page 15
2.Please provide risk factor disclosure regarding the first priority lien on all sources of
revenue of the company under the Virage MTA Amendment. Address the impact of the
lien on your revenue and discuss the risks and uncertainties to your operations and
shareholders.
FirstName LastNameJohn H. Ruiz
Comapany NameMSP Recovery, Inc.
January 3, 2024 Page 2
FirstName LastName
John H. Ruiz
MSP Recovery, Inc.
January 3, 2024
Page 2
Please contact Lauren Pierce at 202-551-3887 or Jan Woo at 202-551-3453 with any
other questions.
Sincerely,
Division of Corporation Finance
Office of Technology
cc: Adam Buehler, Esq.