Trust Size
$1.6B
Peak Price
$51625.00
Current Price
$0.01
Return
-99.7%
Price Journey
What Happened
MSP Recovery (now operating as LifeWallet) is a healthcare data analytics company that uses technology to identify and recover payments that should have been covered by primary insurance rather than Medicare or Medicaid.
MSP Recovery went public in May 2022 through a SPAC merger with Lionheart Acquisition Corp II at a staggering $33 billion valuation — one of the largest SPAC deals ever. The company claims to hold billions in healthcare claims recovery rights. However, the stock immediately collapsed, and MSP Recovery has faced lawsuits, restatements, and SEC scrutiny. The stock trades at roughly one penny, making it one of the most spectacular SPAC failures by market cap destruction.
Timeline
2020-08-06
S-1 Registration Filed
SEC Filing Details
CIK Number
1802450
Total SEC Filings
671
State of Incorporation
DE
Last Filing Date
2026-02-20
Business Location
Miami, FL
Trust/Asset Size
$1.6B
Data sourced from SEC EDGAR Company Facts API and EFTS search index.
📄 SEC Filings
View all EDGAR filings for MSP Recovery