MSP Recovery to affect 1-for-7 reverse stock split

MSP Recovery (MSPR) announces that it will affect a reverse stock split of its Class A common stock at a reverse stock split ratio of 1-for-7, effective at 11:59 P.M. on September 1 in order to maintain compliance with the minimum $1.00 bid price per share requirement of Nasdaq’s Marketplace Rule 5450(a)(1). The company’s common stock will continue to trade on the Nasdaq Capital Market under the symbol “MSPR” and will begin trading on a split-adjusted basis when the Nasdaq opens on September 2.