Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
MSP Recovery, Inc.
(Name of Issuer)
Class A Common Stock, par value $0.0001 per share
(Title of Class of Securities)
553745209
(CUSIP Number)
March 22, 2024
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
☐ Rule 13d-1(b)
☒ Rule 13d-1(c)
☐ Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
13G
CUSIP No. 553745209
| (1) | NAMES OF REPORTING PERSONS Palantir Technologies Inc. | |||||||||||||
| (2) | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) ☐ (b) ☐ | |||||||||||||
| (3) | SEC USE ONLY | |||||||||||||
| (4) | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware | |||||||||||||
| NUMBER OF SHARES BENFICIALLY OWNED BY EACH REPORTING PERSON WITH | (5) | SOLE VOTING POWER 955,647 (1) | ||||||||||||
| (6) | SHARED VOTING POWER 0 | |||||||||||||
| (7) | SOLE DISPOSITIVE POWER 955,647 (1) | |||||||||||||
| (8) | SHARED DISPOSITIVE POWER 0 | |||||||||||||
| (9) | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 955,647 (1) | |||||||||||||
| (10) | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions) ☐ | |||||||||||||
| (11) | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.5% (2) | |||||||||||||
| (12) | TYPE OF REPORTING PERSON (see instructions) CO | |||||||||||||
(1) The Reporting Person held 955,647 shares of Class A Common stock as of March 22, 2024, including 256,410 shares of Class A Common stock received on March 22, 2024 as payment for certain outstanding receivables.
(2) Based on 14,803,125 shares of Class A Common stock outstanding as of February 2, 2024 as stated by the Issuer in its Form S-1/A filed on February 9, 2024.
Item 1.
(a) Name of Issuer:
MSP Recovery, Inc.
(b) Address of Issuer’s Principal Executive Offices:
2701 Le Jeune Road, Floor 10
Coral Gables, FL 33134
Item 2.
(a) Name of Persons Filing:
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Palantir Technologies Inc. (the “Reporting Person”)
(b) Address of Principal Business Office or, if none, Residence:
1200 17th Street, Floor 15
Denver, Colorado 80202
(c) Citizenship:
The Reporting Person is a corporation incorporated under the laws of State of Delaware.
(d) Title of Class of Securities:
Class A Common stock, $0.0001 par value per share
(e) CUSIP Number:
553745209
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:
Not applicable.
Item 4. Ownership.
(a) Amount beneficially owned: 955,647 shares
The Reporting Person held 955,647 shares of Class A Common stock as of March 22, 2024, including 256,410 shares of Class A Common stock received on March 22, 2024 as payment for certain outstanding receivables.
(b) Percent of class: 6.5%
Based on 14,803,125 shares of Class A Common stock outstanding as of February 2, 2024 as stated by the Issuer in its Form S-1/A filed on February 9, 2024.
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote
955,647 shares (see Item 4(a))
(ii) Shared power to vote or to direct the vote
0 shares
(iii) Sole power to dispose or to direct the disposition of
955,647 shares (see Item 4(a))
(iv) Shared power to dispose or to direct the disposition of
0 shares
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.
Not applicable.
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Item 8. Identification and Classification of Members of the Group.
Not applicable.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certifications.
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
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SIGNATURE
After reasonable inquiry and to the best of the knowledge and belief of the undersigned, the information set forth in this statement is true, complete and correct.
Dated: April 1, 2024
PALANTIR TECHNOLOGIES INC.
| By: | /s/ David Glazer | ||||
| Name: | David Glazer | ||||
| Its: | Chief Financial Officer | ||||
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