MSP Recovery, Inc. (MSPR)
CIK 1802450 · all EDGAR filings →
Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.
Shares outstanding over time
Fewer than two cover-page share counts on file, so there is no history to chart.
Cash runway
Going-concern warning
auditor flagged substantial doubt
The company itself flagged going-concern doubt in a filing.
Full breakdown: cash runway tool
Warrants
| Tranche | Warrants | Exercise price | Term | Notes |
|---|---|---|---|---|
| New Warrants | 894.8M | not tagged | — | — |
| Number of Ten Warrant | 1.4M | $0.0175 | — | — |
| Number of Two Warrant | 1.4M | $0.0007 | — | — |
| Monthly Virage Warrants | 1.2M | $0.0007 | 2y | — |
| Initial Virage Warrant | 161,705 | $0.0175 | — | — |
Tranches exactly as the company dimensioned them in its 10-Q filed Nov 19, 2025 →. Groupings can overlap (a “Series E and F” row is not additive with a “Series E” row), so do not sum this column. A tranche the filer did not tag is absent here, not absent from the cap table. DOWN-ROUND = the filer tagged price-protection accounting scoped to that tranche.
Warrants outstanding: 2.8M underlying shares, as reported Sep 30, 2025 (10-Q).
Reported exercise price: $0.0116 (aggregate figure as tagged; individual tranches vary).
Rough fully diluted estimate: 68.9M = 66.1M O/S + 2.8M warrant shares. An estimate, not a filing figure: it ignores converts, options and RSUs, and the two inputs carry different as-of dates.
Convertible notes
| Note | Principal | Carrying | Conv. price | Rate | If converted |
|---|---|---|---|---|---|
| Fourth Convertible Notes | $750,000 | — | not tagged | — | — |
| Fifth Convertible Note | $750,000 | — | not tagged | — | — |
| Sixth Convertible Notes | $750,000 | — | not tagged | — | — |
Notes exactly as the company dimensioned them in its 10-Q filed Nov 19, 2025 →. Principal is face amount as tagged, not what remains after repurchases unless the filer updated the tag. A note the filer did not dimension is absent here, not absent from the balance sheet; the exhibits stay the ground truth.
Fully diluted build-up
Shares outstanding plus every potential-share instrument the filer tagged in XBRL, each at its own as-of date. An estimate assembled from filed figures, not a filing figure itself.
| Shares outstanding | 66.1M | Jul 31, 2022 |
| + New Warrants (if exercised) | 894.8M | Sep 30, 2025 |
| + Number of Ten Warrant (if exercised) | 1.4M | Sep 30, 2025 |
| + Number of Two Warrant (if exercised) | 1.4M | Sep 30, 2025 |
| + Monthly Virage Warrants (if exercised) | 1.2M | Dec 31, 2024 |
| + Initial Virage Warrant (if exercised) | 161,705 | Jan 1, 2024 |
| Fully diluted estimate | 965.1M | +1359.1% vs O/S |
Still excluded, because the filer does not tag them in countable form: employee options and RSUs, any instrument living only in exhibit prose, and instruments above missing a share count. Inputs carry different as-of dates, shown per row. Each figure traces to the tranche and note tables above and their cited filings.
Registrations and offerings
Last 12 months: 1 executed · 0 registered.
Full history and shelf status: offering checker · S-3 shelf checker
Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.
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