$210,000 in four one-time advances is the net new cash MSP Recovery, Inc. has secured since early August, per an 8-K with an event date of August 4, 2026. Hazel Partners Holdings LLC contributed two tranches totaling $110,000; VRM MSP Recovery Partners, LLC contributed two totaling $100,000. Each draw carries a designated use and a company caution that it implies no further funding commitment.
| Date funded | Lender | Amount | Designated use |
|---|---|---|---|
| Aug 3, 2026 | VRM | $50,000 | Payroll / IT expenses |
| Aug 6, 2026 | Hazel | $50,000 | Operating expenses |
| Aug 12, 2026 | VRM | $50,000 | Payroll / IT expenses |
| Aug 13, 2026 | Hazel | $60,000 | Operating expenses |
| Total | $210,000 |
Facility ceiling raised, availability unchanged
MSP Recovery is a Delaware corporation headquartered in Miami, Florida. Its Class A common stock trades on OTC Market Group under the ticker MSPR, alongside two series of redeemable warrants (MSPRW, MSPRZ), each structured as a lot of 4,375 warrants exercisable for one common share.
Hazel's $110,000 flows through the Operational Collection Floor, the discretionary funding mechanism under MSP Recovery's existing working capital credit facility. The facility does not provide committed liquidity and does not establish a borrowing base. As of the company's Q3-2025 Form 10-Q, aggregate advances under the floor had reached approximately $6.0 million, at which point no remaining capacity existed. The two new Hazel draws push that aggregate above $6.0 million; each was conditioned on the absence of any event of default at the time of funding. Both are standalone accommodations that do not reinstate or otherwise reopen availability under the facility.
The filing offers no softening on liquidity. Hazel retains sole discretion and holds no commitment to advance further amounts. MSP Recovery states it has no rights to and no reasonable basis to expect any additional advances. The company cautions that receipt of these draws should not be viewed as evidence of Hazel's future willingness to fund or of MSPR's ability to meet operating or debt service obligations beyond the $210,000 in hand.
VRM's two $50,000 tranches, funded August 3 and August 12, are advances made under two addenda to a July 8, 2026 letter agreement. Both are restricted to payroll and certain IT expenses. VRM reserved all rights under its applicable limited liability company agreement.
After these four advances, no funding remains available under the Working Capital Credit Facility.