MSP Recovery shares surge 11.94% premarket as SEC concludes investigation without enforcement action against company or CEO.

MSP Recovery, Inc. (NASDAQ:MSPR) surged 11.94% in premarket trading following the announcement that the SEC concluded its three-year investigation into the company, stating it would not recommend enforcement action against the firm, its CEO, or officers. The probe, initiated in August 2022, focused on the 2022 business combination with Lionheart Acquisition Corporation II, financial restatements, and data analytics practices. The company emphasized full cooperation and the resolution of a major regulatory overhang, allowing it to focus on operations without ongoing scrutiny. The news alleviated investor concerns over potential penalties or operational disruptions, directly aligning with the sharp premarket price increase.