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Monday, May 23, 2022

Equity Corporate Actions Alert #2022 - 113
(UPDATED: When issued information) Information Regarding the Business Combination of Lionheart Acquisition Corp. II (LCAP/U/W) and MSP Recovery, Inc.

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The business combination of Lionheart Acquisition Corp. II (LCAP/U/W) and MSP Recovery, Inc. closed today, Monday, May 23, 2022. Following the completion of the business combination, the company's Common stock (LCAP) and Warrants (LCAPW) will undergo a name, symbol, and CUSIP number change and the company's Units (LCAPU) will be suspended from trading. Shareholders of the Class A Common Stock will receive one hundred eighteen (118) newly issued warrants (MSPRV) for every share held. In conjunction with the effectiveness of the business combination, a newly issued Warrant of MSP Recovery (553745126) will list on Nasdaq under the symbol MSPRV. These actions will become effective on Tuesday, May 24, 2022. The combined company will list on the Nasdaq Global Market

The details of the name, symbol, & CUSIP changes are follows:

Current Company Name & Issue Type: Lionheart Acquisition Corp. II Class A Common Stock
New Company Name & Issue Type: MSP Recovery, Inc. Class A Common Stock
Current CUSIP: 53625R104
New CUSIP: 553745100
Current Symbol: LCAP
New Symbol: MSPR
Marketplace Effective Date: Tuesday, May 24, 2022

Current Company Name & Issue Type: Lionheart Acquisition Corp. II Warrants
New Company Name & Issue Type: MSP Recovery, Inc. Warrants expiring 5/23/27
Current CUSIP: 53625R112
New CUSIP: 553745118
Current Symbol: LCAPW
New Symbol: MSPRZ
Marketplace Effective Date: Tuesday, May 24, 2022

A when-issued market will be established for the new warrants. The symbol will change to MSPRW on June 1, 2022. The details for the when issued market are as follows:

Company Name & Issue Type: MSP Recovery, Inc. Warrants expiring 5/23/27
CUSIP: 553745126
Symbol: MSPRV
Regular Way Trading Begins: 6/1/22
Settlement Date: 6/3/22

If you would like to register as a market maker in MSPR, MSPRV or MSPRZ, contact Nasdaq Trading Services at +1 212 231 5100.

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