CORAL GABLES, Fla., Jan. 03, 2023 (GLOBE NEWSWIRE) — MSP Recovery, Inc. D/B/A LifeWallet (“LifeWallet” or “the Company”), a technology-leading Medicare, Medicaid, commercial and secondary payer and Reimbursement Recovery, announced today that the Company will begin trading its common stock today, January 3, 2023 at 9:30 a.m. ET, under the new symbol “LIFW”.
MSP Recovery, Inc. previously announced on December 22, 2022 that it would begin doing business as “LifeWallet” in 2023.
The stock symbol “LIFW” will replace the Company’s current stock symbol for its common shares, “MSPR”. In addition, the Company’s publicly traded common stock warrants will begin trading under the ticker symbols “LIFWW” and “LIFWZ”, thereby replacing the Company’s stock ticker symbols for its publicly traded warrants, “MSPRW” and “MSPRZ”, respectively.
The Company will not change its core strategy, and the core business will remain the same – Secondary Payer Reimbursement Collections.
“The transition to a new ticker symbol is the latest step we have taken as part of our rebranding initiative to further strengthen our core business,” said John H. Ruiz, Founder and CEO of MSP Recovery. /LifeWallet. “This is an exciting time for the business as we continue to integrate and align with the nationally recognized LifeWallet brand.”
No action is required from current shareholders of the Company as a result of this change. Changing the stock symbol will have no effect on trading objectives, strategy or fees and expenses.
For further information, the Company recommends that shareholders, investors and any other interested party read the Company’s public documents and press releases available at investor.lifewallet.com.
About Life Wallet
Founded in 2014 as MSP Recovery, LifeWallet has become a leader in Medicare, Medicaid, commercial and secondary reimbursement, disrupting the antiquated healthcare reimbursement system with data-driven solutions to secure patient recoveries. responsible parties. The LifeWallet ecosystem provides innovative solutions for multiple industries, including sports, schools, law, and healthcare, while innovating technologies to help save lives. For more information visit: lifewallet.com
This press release contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements can generally be identified by the use of words such as “anticipate”, “believe”, “expect”, “intend”, “plan” and “will” or, in each case , their negative or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Accordingly, these statements are not guarantees of future performance and actual events may differ materially from those expressed or implied by the forward-looking statements. Any forward-looking statements made by LIFW in this press release, its reports filed with the Securities and Exchange Commission (the “SEC”), and other public statements made from time to time speak only as of the date on which they are made. have been done. New risks and uncertainties arise from time to time, and it is impossible for LIFW to predict or identify all of these events or how they may affect it. LIFW is under no obligation and does not intend to update any forward-looking statements after the date hereof, except as required by federal securities laws. Factors that could cause these differences include, but are not limited to, LIFW’s ability to capitalize on its assignment agreements and recover monies paid by assignors; the results of litigation; the validity of assignments of receivables to LIFW; failure to successfully expand the scope of LIFW’s claims or obtain new data and claims from LIFW’s existing assignor base or otherwise; LIFW’s inability to innovate and develop new solutions, or the failure of adoption of such solutions by existing and potential licensors of LIFW; negative publicity regarding the analysis of health data and the accuracy of payments. These statements constitute the Company’s warnings under the Private Securities Litigation Reform Act of 1995.
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