- July 12, 2021
- Posted by: Stratford Team
- Category: Business
One of the Top Three Largest SPAC Transactions Announced to Date
Upon Closing Combined Company to Be Listed on Nasdaq
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MSP’s data-driven solutions discover improperly paid claims out of the $3.6 trillion paid by healthcare payers yearly, and pursues them against primary payers and responsible parties.
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Combination with Lionheart Acquisition Corp. II will provide gross proceeds of approximately $230 million to MSP, assuming no redemptions by Lionheart’s public stockholders, to support current operations and expand existing and new market growth opportunities.
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MSP Recovery Founder and CEO, John H. Ruiz, to lead the combined company.
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Pro forma enterprise value of the combined company is approximately $32.6 billion.
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Upon completion of the business combination and subject to compliance with the law, Lionheart stockholders who do not redeem their shares are expected to collectively receive approximately 1.029 billion additional warrants (“Additional Warrants”),…
