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20 items- NEWSMSP Recovery Reaffirms Sales GuidanceMSP Recovery, LLC’s (“MSP Recovery” or “MSPR”) Class A Common Stock began trading on May 24, 2022 on Nasdaq under the symbol “MSPR” following the completion of a business combination with Lionheart Acquisition Corporation II (“LCAP”). MSPR recently announced substantial business expansion through development of additional revenue streams, monetization of assignor interests, growth of assignors and existing business, and continued innovation. MSPR has also reaffirmed revenue guidance that will either match or surpass the $992 million in gross revenue for 2022 set forth in its models. During the SPAC process and over the last 8 years, MSPR underwent significant due diligence and auditing of s
- PRMSP Recovery, Inc. Announces Completion of Business Combination Between Lionheart Acquisition Corporation II and MSP Recovery, LLC.MSP Recovery, Inc. to Trade on Nasdaq Under the Symbol "MSPR" Starting May 24 MSP Recovery, Inc. ("MSPR"), formerly known as Lionheart Acquisition Corporation II, a Delaware corporation (NASDAQ:LCAPU, LCAP, LCAPW, "Lionheart" or "LCAP"))), today announced that it has closed the previously announced business combination (the "transaction") with MSP Recovery, LLC. ("MSP"), a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery leader. The business combination was approved by a majority of LCAP's stockholders in an extraordinary meeting on May 18, 2022. As previously announced, following the closing, LCAP's Class A Common Stock will cease trading on the Nasdaq Capital M
- NEWSLionheart Acquisition Corp. II SPAC Merger Partner, MSP Recovery, Reports Deal With SeguriTech, No Terms DisclosedMSP Recovery, LLC (“MSP” or “MSPR”), a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery leader today announced it has entered into a Data Transfer Agreement (the “Agreement”) with one of the leaders in Mexican data and cybersecurity, SeguriTech, S.A. de C.V. (“SeguriTech”), positioning MSPR to expand its services internationally. On May 18, 2022, Lionheart Acquisition Corporation II (NASDAQ:LCAPU, LCAP, LCAPW, &ldquo, Lionheart&rdquo, or &ldquo, LCAP&rdquo, ))), a publicly traded special purpose acquisition company, announced that shareholders of record as of April 18, 2022 approved the previously announced business combination (the “Business Combination”) with MSP
- PRMSP Recovery Enters Into Agreement With Mexico's SeguriTech, a Technology Integration Pioneer, to Enhance MSPR's Data Capabilities, Position MSPR for International Growth, and Expand the LifeWallet Platform Across MexicoMSP Recovery, LLC ("MSP" or "MSPR"), a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery leader today announced it has entered into a Data Transfer Agreement (the "Agreement") with one of the leaders in Mexican data and cybersecurity, SeguriTech, S.A. de C.V. ("SeguriTech"), positioning MSPR to expand its services internationally. On May 18, 2022, Lionheart Acquisition Corporation II (NASDAQ:LCAPU, LCAP, LCAPW, "Lionheart" or "LCAP"))), a publicly traded special purpose acquisition company, announced that shareholders of record as of April 18, 2022 approved the previously announced business combination (the "Business Combination") with MSP Recovery, LLC, a Medicare
- PRLionheart Acquisition Corporation II Announces Clarification Regarding New Warrants and Updated Target Closing DateLionheart Acquisition Corporation II (NASDAQ:LCAPU, LCAP and LCAPW))) ("Company") announces a clarification on the issuance of New Warrants, as previously announced in connection with its business combination with MSP Recovery, LLC (the "Business Combination"). Following the closing of the Business Combination (the "Closing"), which is now expected to occur on May 23, 2022, the Company's Class A Common Stock will cease trading on the Nasdaq Capital Market ("Nasdaq CM") under the symbol "LCAP" (CUSIP 53625R104), and begin trading on Nasdaq Global Market ("Nasdaq GM") under the symbol "MSPR" (CUSIP 553745100) and the Company's warrants, each to purchase one share of Class A Common Stock at $
- NEWSLionheart Acquisition Corp. II Shareholders Approve SPAC Merger With MSP Recovery; Expected Close Date May 20, 2022LCAP shareholders have approved the previously announced business combination at the Special Meeting held on May 18, 2022 Transaction Expected to Close May 20, 2022 CORAL GABLES, Fla.--(BUSINESS WIRE)-- Lionheart Acquisition Corporation II (NASDAQ:LCAPU, LCAP, LCAPW, &ldquo, Lionheart&rdquo, or &ldquo, LCAP&rdquo, ))), a publicly traded special purpose acquisition company, today announced that shareholders of record as of April 18, 2022 approved the previously announced business combination (the “Business Combination”) with MSP Recovery, LLC (“MSP Recovery” or “MSP”) a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery leader. Six proposals were considered and vote
- PRLionheart Acquisition Corporation II Shareholders Approve Previously Announced Business Combination with MSP RecoveryLCAP shareholders have approved the previously announced business combination at the Special Meeting held on May 18, 2022 Transaction Expected to Close May 20, 2022 Lionheart Acquisition Corporation II (NASDAQ:LCAPU, LCAP, LCAPW, "Lionheart" or "LCAP"))), a publicly traded special purpose acquisition company, today announced that shareholders of record as of April 18, 2022 approved the previously announced business combination (the "Business Combination") with MSP Recovery, LLC ("MSP Recovery" or "MSP") a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery leader. Six proposals were considered and voted upon by LCAP's stockholders at the special meeting, all of whi
- PRLionheart Acquisition Corporation II Enters into Non-Binding Term Sheets for Forward Purchase Agreement and Committed Equity Facility with Cantor Fitzgerald L.P.Cantor may purchase up to 3.5 million shares of Lionheart Acquisition Corporation II stock before closing of the business combination with MSP Recovery, LLC Equity facility covers the purchase of up to $1 billion in shares of the combined company after closing of the business combination MSP Recovery, LLC ("MSP Recovery" or "MSP"), a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery leader, and Lionheart Acquisition Corporation II, a Delaware corporation ("LCAP" or the "Company"), today announced that LCAP has entered into a non-binding term sheet with an affiliate of Cantor Fitzgerald L.P. ("Cantor") pursuant to the terms of which, upon negotiation and executi
- PRLionheart Acquisition Corporation II Declares Special Dividend in the Form of New WarrantsLionheart Acquisition Corporation II (NASDAQ:LCAPU, LCAP and LCAPW))) ("Company") today announced that its Board of Directors has declared a dividend in the form of approximately 1,029,000,000 warrants (the "New Warrants"), each to purchase one share of the Company's Class A Common Stock at $11.50 per share. The issuance of the New Warrant dividend is conditioned upon the closing (the "Closing") of the previously announced proposed business combination with MSP Recovery, LLC (the "Business Combination"), pursuant to the Membership Interest Purchase Agreement (as amended, the "MIPA") by and among the Company, Lionheart II Holdings, LLC, the MSP Purchased Companies (as defined in the MIPA) (c
- NEWSMSP Recovery And Lionheart Acquisition Corporation II Announce Effectiveness Of Registration StatementMSP Recovery and Lionheart Acquisition Corporation II Announce Effectiveness of Registration Statement Extraordinary General Meeting of Lionheart Acquisition Corporation II ("LCAP") Shareholders to Approve the Business Combination with MSP Recovery, LLC ("MSP") will be held May 18, 2022, at 11:00 a.m. ET Lionheart Recommends All Stockholders Vote "FOR" all Proposals, including the Business Combination MSP Recovery, LLC ("MSP Recovery" or "MSP"), a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery leader, and Lionheart Acquisition Corporation II (NASDAQ:LCAPU, LCAP, LCAPW, ", Lionheart", or ", LCAP", ))))), today announced that LCAP's registration statement on For
- PRMSP Recovery and Lionheart Acquisition Corporation II Announce Effectiveness of Registration StatementExtraordinary General Meeting of Lionheart Acquisition Corporation II ("LCAP") Shareholders to Approve the Business Combination with MSP Recovery, LLC ("MSP") will be held May 18, 2022, at 11:00 a.m. ET Lionheart Recommends All Stockholders Vote "FOR" all Proposals, including the Business Combination MSP Recovery, LLC ("MSP Recovery" or "MSP"), a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery leader, and Lionheart Acquisition Corporation II (NASDAQ:LCAPU, LCAP, LCAPW, "Lionheart" or "LCAP"))), today announced that LCAP's registration statement on Form S-4 (the "Registration Statement") related to their previously announced proposed business combination (the "B
- PRLionheart Acquisition Corporation II Extension Vote ResultsMIAMI, Jan. 31, 2022 (GLOBE NEWSWIRE) -- Lionheart Acquisition Corporation II (NASDAQ:LCAPU, LCAP and LCAPW))) ("LCAP" or the "Company") today announced that its stockholders have approved an extension of the date by which the Company must consummate a business combination from February 18, 2022 to August 18, 2022 (the "Extension") at the special meeting of stockholders held on January 27, 2022. The Extension provides LCAP with additional time to complete the previously announced proposed business combination with MSP Recovery, LLC ("MSP"). Ophir Sternberg, Chief Executive Officer of LCAP, commented on the results of the meeting: "We are happy to report that we received well above the thr
- NEWSLionheart Acquisition Corporation II Merger Partner MSP Recovery Announces Data Of Over 1 Million Patients Has Been Uploaded Onto LifeWallet PlatformLifeWallet Powered by MSP Recovery Now Available in Apple’s AppStore LifeWallet Continues to Expand Its Roster of Collegiate Athletes with NIL Contracts CORAL GABLES, Fla.--(BUSINESS WIRE)-- MSP Recovery, LLC (“MSP Recovery” or “MSP”), a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery leader, that in July agreed to a business combination with Lionheart Acquisition Corporation II (NASDAQ:LCAPU, LCAP, LCAPW))) today announced that since releasing LifeWallet Powered by MSP Recovery less than a month ago, the data of more than 1 million patients has been uploaded onto the LifeWallet platform in partnership with leading healthcare providers. MSP Recovery also announc
- PRMSP Recovery's LifeWallet Announces Data of More than 1 Million Patients Uploaded to Platform Less Than a Month Since LaunchLifeWallet Powered by MSP Recovery Now Available in Apple's AppStore LifeWallet Continues to Expand Its Roster of Collegiate Athletes with NIL Contracts MSP Recovery, LLC ("MSP Recovery" or "MSP"), a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery leader, that in July agreed to a business combination with Lionheart Acquisition Corporation II (NASDAQ:LCAPU, LCAP, LCAPW))) today announced that since releasing LifeWallet Powered by MSP Recovery less than a month ago, the data of more than 1 million patients has been uploaded onto the LifeWallet platform in partnership with leading healthcare providers. MSP Recovery also announced the launch of LifeWallet Powered b
- PRMSP Recovery's Portfolio of Assigned Claims Grows by Over 440%, From $61 Billion to an Estimated $330 Billion in Paid AmountAs a result of additional agreements signed by MSP Recovery, the Paid Amount (as explained below) associated with MSP Recovery's portfolio of claims has increased by more than 440% from September 30, 2021 Once MSP Recovery onboards and analyzes these newly assigned claims with its proprietary algorithms, the Paid Value of Potentially Recoverable Claims (as explained below) associated with its portfolio is currently expected to exceed its previously forecasted amount through 2025 MSP Recovery, LLC ("MSP Recovery" or "MSP"), a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery leader, that in July agreed to a business combination with Lionheart Acquisition Corpora
- PRMSP Recovery, LLC Announces Launch of LifeWalletLifeWallet to empower people to take control of their health by giving first responders and healthcare providers easy access to medical and prescription information Take control of your health. The time is now! MSP Recovery, LLC ("MSP Recovery" or "MSP"), a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery leader, that in July agreed to a business combination with Lionheart Acquisition Corporation II (NASDAQ:LCAPU, LCAP, LCAPW, "Lionheart" or "LCAP"))) today announced the launch of LifeWallet, which is designed to help first responders and healthcare providers quickly and easily access patient medical histories when they're needed most. LifeWallet, powered by MSP
- PRLionheart Acquisition Corporation II Files a Registration Statement on Form S-4 in Connection with Proposed Business Combination with MSP Recovery, LLCFiling of Registration Statement on Form S-4 Provides Historical Financial Data MSP Recovery, LLC ("MSP Recovery" or "MSP"), the industry leader in Medicare, Medicaid, commercial, and secondary payer reimbursement recovery, and Lionheart Acquisition Corporation II ("Lionheart" or "LCAP") (NASDAQ:LCAP), a blank check company, today announced that LCAP has filed with the U.S. Securities and Exchange Commission ("SEC") in preliminary form a registration statement on Form S-4 (the "Registration Statement") which contains a preliminary proxy statement/prospectus, in connection with the proposed business combination between LCAP and MSP Recovery announced on July 12, 2021. While the Registration
- PRMSP Recovery Announces Several New PartnershipsLionheart currently anticipates filing a registration statement on Form S-4, which will include a preliminary proxy statement/prospectus, prior to the end of October 2021 MSP Recovery announces multiple strategic partnerships, additional potential revenue sources, and enhanced technological capabilities MSP Recovery has secured more healthcare claims from new and existing clients MSP Recovery, LLC ("MSP Recovery" or "MSP"), a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery leader, that in July agreed to a business combination with Lionheart Acquisition Corporation II (NASDAQ:LCAPU, LCAP, LCAPW, "Lionheart" or "LCAP"))), valued at $32.6 billion, today ann
- PRMSP Recovery Enters into $3 Billion Agreement to Sell Select Healthcare Claims Recoveries to Virage Capital Management, an Anticipated New Source of Revenue for MSPTransaction proceeds represent anticipated new revenue source for MSP Recovery Transaction to include assignments from healthcare insurance payors, healthcare providers and self-funded entities. MSP Recovery, LLC, ("MSP Recovery" or "MSP"), a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery leader, that in July announced a planned business combination with Lionheart Acquisition Corporation II (NASDAQ:LCAPU, LCAP, LCAPW, "Lionheart" or "LCAP"))), today announced an agreement to monetize up to $3 billion of select healthcare claims recovery interests to its investment partner, Virage Capital Management LP ("Virage"). This initial agreement provides the platform
- PRMSP Recovery Files Whistleblower Lawsuit Against 315 Auto InsurersMSP Recovery's qui tam complaint seeks to recover billions of dollars for claims auto insurers should have paid but didn't. Defendants include related entities of insurance groups Auto Club Enterprises Insurance Group, Auto Owners Group, Berkshire Hathaway Group, CSAA Insurance Group, Erie Insurance Group, Farmers Insurance Group, Kemper Corporation Group, Liberty Mutual Group, National General Group, Nationwide Corporation Group, Progressive Group, State Farm Group, Travelers Group and United Services Automobile Association Group. MSP Recovery, LLC ("MSP Recovery") and its affiliates, a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery leader that recently ann