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Company News

• MSP Recovery Law Firm Files Defamation Lawsuit on Behalf of MSP Recovery Founder and CEO, John H. Ruiz Against Miami Herald, McClatchy Company and Reporters, Jay Weaver and Ben Weider for False, Misleading, and Defamatory Reporting That Resulted in More Than $5 Billion Dollars in Losses

  MSP Recovery Law Firm has filed a defamation lawsuit against the Miami Herald, McClatchy Company, and reporters Jay Weaver and Ben Weider for publishing false and misleading statements that resulted in over $5 billion in losses for the company and its CEO, John H. Ruiz.

  GlobeNewswire Inc.

  Featured Companies: MSPR
• US Stocks Likely To Open Lower As Volatility Persists Before Bank Earnings: 'Fed Is Likely To Cut Rates Again On June 18th,' Says Expert

  U.S. stock futures are expected to open lower on Friday as volatility persists ahead of bank earnings. The Federal Reserve is likely to cut interest rates again on June 18th, according to an expert.

  Benzinga

  Featured Companies: AAPL BK BLK CHW DIVB FAST JPM MS MSPR NVDA QQQ SPY STLA TSLA WFC
• Lionheart Acquisition Corporation II Extension Vote Results

  MIAMI, 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”).

  GlobeNewswire Inc.

  Featured Companies: LION
• MSP Recovery Going Public Via SPAC With Portfolio Of $50B In Unpaid Claims: What Investors Should Know

  One of the largest SPAC deals of all time was announced Monday morning with MSP Recovery announcing a merger. The SPAC Deal: MSP Recovery announced a SPAC merger with Lionheart Acquisition Corp II (NASDAQ: LCAP) valuing the company at a pro forma enterprise value of $32.6 billion. There was not a PIPE on the SPAC merger for MSP Recovery, joining a limited number of recent SPAC deals that don’t include this financing method. Public LCAP shareholders will own 0.7% of the company after the merger. Shareholders who do not redeem their shares at the merger vote will receive at least 35 additional warrants with a five-year tenor and $11.50 strike price. Shares are expected to list on the Nasdaq with ticker MSPR after the merger. About ...

  Benzinga