Equity Dilution

MSP Recovery, Inc. (NASDAQ: MSPR) announced a non-binding term sheet for a secured term loan facility of up to $55 million to bolster working capital and growth. The facility is divided into two tranches and secured by a first-priority lien. Warrants issued to the lender, could represent roughly 46.0% of MSP Recovery’s fully diluted equity if fully drawn. The deal includes potential for the investor to acquire additional claim rights, and lender oversight, including a possible Chief Restructuring Officer appointment. Certain aspects are subject to shareholder approval.

Search Minerals (TSXV: SMY | OTC: SHCMD) has reached a settlement regarding approximately $100,000 in outstanding debt with Kee Scarp Ltd. and Todd Burlingame. The company will issue 203,688 common shares to Burlingame and pay $26,600 to Kee Scarp. The share issuance is subject to TSX Venture Exchange approval and a four-month hold period. This move balances debt reduction with potential shareholder dilution.