MSP Recovery announces 1-for-25 reverse stock split

MSP Recovery announced that it will effect a reverse stock split of its Class A common stock at a reverse stock split ratio of 1-for-25, effective at the close of trading on October 12 in order to regain compliance with the minimum $1.00 bid price per share requirement of Nasdaq’s Marketplace Rule 5450…LifeWallet’s Common Stock will continue to trade on the Nasdaq Global Market under the symbol “LIFW” and will begin trading on a split-adjusted basis when the Nasdaq opens on October 13.