Less than one year after debuting on the Nasdaq as the second-biggest SPAC ever by valuation, LifeWallet has been warned of potential delisting from the stock exchange, according a Monday morning SEC filing and company press release.
Formerly MSP Recovery, the litigation-driven insurance recovery firm led by Miami plaintiffs lawyer John Ruiz is late filing its annual report after announcing its intention to restate its financials since its May 2022 de-SPAC. Having missed the March 31 deadline, LifeWallet has until June 20 to file its annual report or submit a plan to regain compliance with the Nasdaq’s listing rules.
