MSP Recovery, Inc. Announces Completion of Business Combination Between Lionheart Acquisition Corporation II and MSP Recovery, LLC.

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May 23, 2022

MSP Recovery, Inc. (“MSPR”), formerly known as Lionheart Acquisition Corporation II, a Delaware corporation (Nasdaq: LCAPU, LCAP, LCAPW, “Lionheart” or “LCAP”), today announced that it has closed the previously announced business combination (the “transaction”) with MSP Recovery, LLC. (“MSP”), a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery leader. The business combination was approved by a majority of LCAP’s stockholders in an extraordinary meeting on May 18, 2022.