MSP Recovery secures $0.1 million discretionary advance from Hazel Partners under working capital facility

Mainspring Inc.

Mainspring Inc.

MSPR

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  • MSP Recovery entered a letter agreement with Hazel Partners Holdings on May 29, 2026 for a one-time $0.1 million advance for operating expenses.
  • The funding raises Hazel’s discretionary Operational Collection Floor above the roughly $6 million previously advanced under the working capital credit facility.
  • The advance does not reopen or replenish availability under the facility, leaving no additional funding currently available from Hazel.
  • Separate May 29, 2026 letters with VRM MSP Recovery Partners provide $0.06 million cash advance, $0.06 million retention of recovery proceeds for payables.
  • VRM amounts must be reimbursed upon any new financing close, excluding certain short-term Hazel financing; both are one-time accommodations.


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