Healthcare Reimbursement Firm MSP Recovery To Be Taken Public In A US$32.6 Billion SPAC Merger

Health insurance reimbursement platform MSP Recovery (Nasdaq: MSPR) closed its business combination with special purpose acquisition company Lionheart Acquisition Corporation II on Monday. The transaction valued the combined company at an enterprise value of US$32.6 billion.

“The closing of this business combination is proof of the confidence in the strength of our business strategy and effectiveness of our innovative approach,” said MSP Recovery founder and CEO John Ruiz.

Following the closing of the transaction, the SPAC, now operating as MSP Recovery, started trading on the Nasdaq Global Market under the symbol “MSPR”. Corollary, the firm’s warrants also changes its symbol to “MSPRZ”.

The healthcare platform claims to be a “leader” in payer reimbursement recovery field for Medicare, Medicaid, commercial, and secondary health insurances.

The black check firm, on the other hand, completed its US$200 million IPO in August 2020. According to its prospectus, it intended to focus its search for target firms in the “proptech” industry–utilizing technology in dealing with real estate properties.

MSP Recovery last traded at US$3.73 on the Nasdaq.


Information for this briefing was found via Edgar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Silver @ $36 & We’re Still 200M Oz Short | Paul Andre Huet – Americas Gold and Silver

Gold’s Wild Bull Run: Are Markets About to Break? | Mike McGlone

First Majestic Silver: The Santa Elena Mine

Recommended

Goliath Resources Closes Out Funding Round With Total Gross Proceeds Of $27.1 Million

Silver47 Kickstarts 4,000 Metre Drill Campaign At Red Mountain Project

Related News

Consumer Goods SPAC Conyers Park III Acquisition Seeks To Raise US$350 Million In IPO

Special purpose acquisition company Conyers Park III Acquisition Corp. (Nasdaq: CPAAU) went public on Nasdaq...

Tuesday, August 10, 2021, 02:12:00 PM

Gaming SPAC UTA Acquisition Prices US$200 Million IPO

Special purpose acquisition company UTA Acquisition Corporation (Nasdaq: UTAAU) started trading publicly on the Nasdaq...

Thursday, December 2, 2021, 02:17:00 PM

Oncology Firm TransCode Therapeutics Looks To Raise US$25 Million In IPO

Oncology company TransCode Therapeutics, Inc. is set to begin publicly trading its equityon the Nasdaq...

Friday, July 9, 2021, 09:53:00 AM

Birkenstock Files For $8 Billion IPO

Birkenstock, the renowned German footwear company, took a significant step towards going public on Tuesday....

Wednesday, September 13, 2023, 10:36:00 AM

DWAC CEO-Advised Telco SPAC Nubia Brand International Prices US$110 Million IPO

Special purpose acquisition company Nubia Brand International Corp. (Nasdaq: NUBIU) started trading its securities on...

Friday, March 11, 2022, 02:20:00 PM