Lionheart

Lionheart Strategic Management LLC and Bank OZK Provide $150 Million in Funding to Two Roads Development for Residential Development in Miami

Retrieved on: 
Thursday, May 26, 2022
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MIAMI, May 26, 2022 /PRNewswire/ -- Lionheart Strategic Management LLC (Lionheart), an SEC-registered investment advisor that was formed in 2017 as the asset management affiliate of Fisher Brothers, today announced that it will be providing a $45 million mezzanine loan to Two Roads Development, backed by a $105 million senior mortgage loan from Bank OZK. The financing will be used to fund the acquisition of an existing condominium in the Edgewater neighborhood of Miami in preparation for the future development of an ultra-luxury branded residential development on the property.

Key Points: 
  • MIAMI, May 26, 2022 /PRNewswire/ -- Lionheart Strategic Management LLC (Lionheart), an SEC-registered investment advisor that was formed in 2017 as the asset management affiliate of Fisher Brothers, today announced that it will be providing a $45 million mezzanine loan to Two Roads Development, backed by a $105 million senior mortgage loan from Bank OZK.
  • "This closing signifies our bullish investment thesis in South Florida development and the Miami market in particular," said Andy Klein, Managing Director and Co-Head of Investments at Lionheart Strategic Management.
  • We are excited to partner with Bank OZK and Two Roads Development on this endeavor and look forward to all this project will bring to the area."
  • "We are pleased to partner with Lionheart and Bank OZK on this exciting new development."

MSP Recovery Reaffirms Revenue Guidance Originally Set Forth in Prior Financial Models and Announces Substantial Business Expansion Through Development of Additional Revenue Streams, Monetization of Assignor Interests, Growth of Existing Business, and Con

Retrieved on: 
Thursday, May 26, 2022
Common stock, Assignment (law), ICD-10, MRI, Contract, Government, Erie Insurance Group, LCAP, National, Medicare (United States), Ecosystem, PLLC, ICD, London North West University Healthcare NHS Trust, SEC, LLC, Collection, Liberty Mutual, Medicaid, Medicare Part D, Judgement, Commercial, Blockchain, Progressive Group for Independent Business, Farmers Insurance Group, Athlete, Acquisition, Growth, GLOBE, The Travelers Companies, Health, CORAL, Medicine, Virage, Statistics, Cerberus Capital Management, Time, WHO, Business architecture, Nasdaq, Forbes, MSP, Patient, World Health Organization, MSPA, LLP, MAO, IDS, Rest, SPAC, Technology, NIL, HIPAA, Arista Records LLC v. Lime Group LLC, Record, MasTec, CEO, Cryptocurrency, Pharmaceutical industry, Health insurance, Insurance, Medicare, Lionheart

MSPR recently announced substantial business expansion through development of additional revenue streams, monetization of assignor interests, growth of assignors and existing business, and continued innovation.

Key Points: 
  • MSPR recently announced substantial business expansion through development of additional revenue streams, monetization of assignor interests, growth of assignors and existing business, and continued innovation.
  • MSPR has also reaffirmed revenue guidance that will either match or surpass the $992 million in gross revenue for 2022 set forth in its models.
  • MSPRs recovery efforts have been ongoing since 2014 when MSPR was originally founded and began trailblazing and revolutionizing the healthcare industry.
  • MSPR expects significant continued growth as it continues expanding its lines of business and the scale of its existing business.

MSP Recovery, Inc. Begins Trading on Nasdaq Under the Symbol “MSPR” on May 24, 2022

Retrieved on: 
Tuesday, May 24, 2022
Professional Services, Health, Other Health, Finance, Nasdaq, Common stock, MSP, Solution, Health, LCAP, Medicare, Hospital, CEO, Health insurance, Medicaid, Lionheart

As previously announced , LCAPs warrants, each to purchase one share of Class A Common Stock of MSPR at $11.50 per share, ceased trading after the market close today on the Nasdaq Capital Market under the symbol LCAPW and will begin trading tomorrow (May 24, 2022) on Nasdaq Global Market under the symbol MSPRZ.

Key Points: 
  • As previously announced , LCAPs warrants, each to purchase one share of Class A Common Stock of MSPR at $11.50 per share, ceased trading after the market close today on the Nasdaq Capital Market under the symbol LCAPW and will begin trading tomorrow (May 24, 2022) on Nasdaq Global Market under the symbol MSPRZ.
  • Over the same period, MSPR has seen a significant increase in interest from various entities in the healthcare industry.
  • MSPR already has more than 150 assignors, and continues to grow its number of assignors.
  • Were thrilled to be part of unlocking this opportunity for a broader range of investors with the listing of MSP Recovery on Nasdaq.

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

Retrieved on: 
Monday, May 23, 2022
Technology, Finance, Banking, Professional Services, Software, Other Health, Health, General Health, Data Management, Health, Risk, Private Securities Litigation Reform Act, Materiality, CM, Nasdaq, Common stock, MSP, News, Goal, Assignor estoppel, Solution, Failure, Weil, Gotshal & Manges, Keefe, Bruyette & Woods, CUSIP, LCAP, Privacy, COVID-19, ICR, Legislation, Medicare, Securities Act of 1933, Securities Exchange Act of 1934, Probability, Compliance, Communication, Budget, Technology, DLA Piper, Sale, Adoption, Acquisition, Business architecture, LLC, CEO, Health insurance, Financial services, Risk management, Medicaid, Lionheart

As previously announced, following the closing, LCAP’s Class A Common Stock will cease trading on the Nasdaq Capital Market (“Nasdaq CM”) under the symbol “LCAP” (CUSIP 53625R104), and will begin trading tomorrow -- May 24, 2022 -- on Nasdaq Global Market (“Nasdaq GM”) under the symbol “MSPR” (CUSIP 553745100) and LCAP’s warrants, each to purchase one share of Class A Common Stock of MSPR at $11.50 per share, will cease trading on the Nasdaq CM under the symbol “LCAPW” and begin trading on Nasdaq GM under the symbol “MSPRZ”.

Key Points: 
  • 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.
  • The business combination was approved by a majority of LCAPs stockholders in an extraordinary meeting on May 18, 2022.
  • The closing of this business combination is proof of the confidence in the strength of our business strategy and effectiveness of our innovative approach.
  • Since the announcement of the business combination agreement we have seen a substantial amount of new business over and above what we originally projected, said Mr. Ruiz.

MSP Recovery Enters Into Agreement With Mexico’s SeguriTech, a Technology Integration Pioneer, to Enhance MSPR’s Data Capabilities, Position MSPR for International Growth, and Expand the LifeWallet Platform Across Mexico

Retrieved on: 
Monday, May 23, 2022
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With a population of more than 120 million, Mexico has a three-tiered healthcare system.

Key Points: 
  • With a population of more than 120 million, Mexico has a three-tiered healthcare system.
  • Seguro Popular largely covers Mexicos homeless and unemployed population and is funded by both federal and state funds similar to the United States Medicaid program.
  • This Agreement enables MSPR to approach payers in Mexicos public health system to provide its reimbursement recovery services.
  • This Agreement stimulates collaboration between SeguriTechs innovative health solutions and infrastructure and MSPRs LifeWallet platform, which allows the secure storage, validation, and transfer of personal, medical and prescription data.

MSP Recovery and Lionheart Acquisition Corporation II Announce Effectiveness of Registration Statement

Retrieved on: 
Tuesday, May 3, 2022
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MSP Recovery, LLC (MSP Recovery or MSP), a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery leader, and Lionheart Acquisition Corporation II (Nasdaq: LCAPU, LCAP, LCAPW, Lionheart or LCAP), today announced that LCAPs registration statement on Form S-4 (the Registration Statement) related to their previously announced proposed business combination (the Business Combination) has been declared effective by the U.S. Securities and Exchange Commission (SEC).

Key Points: 
  • MSP Recovery, LLC (MSP Recovery or MSP), a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery leader, and Lionheart Acquisition Corporation II (Nasdaq: LCAPU, LCAP, LCAPW, Lionheart or LCAP), today announced that LCAPs registration statement on Form S-4 (the Registration Statement) related to their previously announced proposed business combination (the Business Combination) has been declared effective by the U.S. Securities and Exchange Commission (SEC).
  • Founded in 2014, MSP Recovery has become a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery leader, disrupting the antiquated healthcare reimbursement system with data-driven solutions to secure recoveries against responsible parties.
  • MSP Recovery provides the healthcare industry with comprehensive compliance solutions, while innovating technologies designed to help save lives.
  • In connection with the proposed business combination, Lionheart has filed a registration statement on Form S-4 (the Form S-4) with the U.S. Securities and Exchange Commission (the SEC).

MSP Recovery Announces Significant Progress Towards Settlements and Strategic Alliance With Law Firms Milberg Coleman Bryson Phillips Grossman, PLLC and Rivero Mestre, LLP...

Retrieved on: 
Monday, April 18, 2022
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MSP Recovery is announcing new strategic alliances with leading law firms Milberg Coleman Bryson Phillips Grossman, PLLC (Milberg) and Rivero Mestre, LLP , who are each committing significant resources to litigating more reimbursement recovery cases for MSP Recovery.

Key Points: 
  • MSP Recovery is announcing new strategic alliances with leading law firms Milberg Coleman Bryson Phillips Grossman, PLLC (Milberg) and Rivero Mestre, LLP , who are each committing significant resources to litigating more reimbursement recovery cases for MSP Recovery.
  • Rivero Mestre, led by former federal prosecutor Andres Rivero, is known for handling bet-the-house litigation for its large corporate clients.
  • In addition to these important strategic alliances, MSP Recovery has made significant progress towards the settlement of no-fault litigation.
  • MSP Recovery provides the healthcare industry with comprehensive compliance solutions, while innovating technologies designed to help save lives.

Comerica Bank Crowns Detroit's Biggest Fan, Gary "Macho Mane" Campioni

Retrieved on: 
Monday, March 7, 2022
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DETROIT, March 7, 2022 /PRNewswire/ -- Comerica Bank is pleased to announce the winner of its second annual Detroit's Biggest Fan contest, Gary Campioni of Flint, Michigan. Campioni not only receives the coveted title of Detroit's Biggest Fan but also an overall grand prize package valued at $15,000, which includes two season tickets to the Detroit Lions 2022 home season.

Key Points: 
  • DETROIT, March 7, 2022 /PRNewswire/ --Comerica Bank is pleased to announce the winner of its second annual Detroit's Biggest Fan contest, Gary Campioni of Flint, Michigan.
  • "Throughout the contest, Gary represented everything the Detroit's Biggest Fan Contest is meant to be a celebration of the spirit and loyalty of the world's greatest fans," said Jim Weber, Comerica Bank Executive Vice President and Chief Experience Officer.
  • Comerica Bank, a subsidiary of Comerica Incorporated, has served Michigan longer than any other bank with a continuous presence dating back over 172 years to its Detroit founding in 1849.
  • Comerica Incorporated (NYSE: CMA) is a financial services company strategically aligned by three business segments: The Commercial Bank, The Retail Bank, and Wealth Management.

MSP Recovery’s Portfolio of Assigned Claims Grows by Over 440%, From $61 Billion to an Estimated $330 Billion in Paid Amount

Retrieved on: 
Tuesday, January 25, 2022
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MSP estimates that the Paid Value of Potentially Recoverable Claims associated with its portfolio as of September 30, 2021, was approximately $15 billion (which represents the estimated Paid Amount associated with claims that MSP projects as potentially recoverable).

Key Points: 
  • MSP estimates that the Paid Value of Potentially Recoverable Claims associated with its portfolio as of September 30, 2021, was approximately $15 billion (which represents the estimated Paid Amount associated with claims that MSP projects as potentially recoverable).
  • These additional claims increase the total Paid Amount associated with MSPs portfolio to an estimated $330 billion, which represents a greater than 440% increase over the total Paid Amount as of September 30, 2021.
  • MSP Recoverys revolutionary data analytics platform combined with its strategic business growth has created impressive results, stated Ophir Sternberg, Chairman and CEO of Lionheart.
  • Actual recoveries to MSP from its claims portfolio may vary materially from the projected amounts of potentially recoverable claims.

Lionheart Acquisition Corporation II Files a Registration Statement on Form S-4 in Connection with Proposed Business Combination with MSP Recovery, LLC

Retrieved on: 
Thursday, November 11, 2021
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While the Registration Statement has not yet become effective and the information contained therein is subject to change, it provides important information about MSP Recovery, LCAP, and the proposed business combination.

Key Points: 
  • While the Registration Statement has not yet become effective and the information contained therein is subject to change, it provides important information about MSP Recovery, LCAP, and the proposed business combination.
  • In connection with the closing of the proposed business combination, LCAP intends to change its name to MSP Recovery, Inc. and remain listed on NASDAQ under the new symbol MSPR.
  • Lionheart Acquisition Corporation II is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
  • In connection with the proposed business combination, LCAP has filed the Registration Statement with the SEC, which includes a preliminary proxy statement/prospectus of LCAP.