LifeWallet Announces it will Cancel and Reschedule its Fourth Quarter and Full Year 2022 Results Earnings Release and Conference Call & will File Form 12B-25
LifeWallet (NASDAQ: LIFW) has announced the cancellation and rescheduling of its March 31, 2023, earnings release and investor conference call. The company will file a Form 12b-25 Notification of Late Filing with the SEC due to ongoing negotiations regarding material agreements and the need for additional time to finalize its Form 10-K for the year ended December 31, 2022. LifeWallet aims to submit the Form 10-K within the 15-day grace period provided by Rule 12b-25. A follow-up announcement will detail the new date and time for the earnings conference call.
- LifeWallet is negotiating amendments to material agreements, indicating potential strategic improvements.
- Company aims to file Form 10-K within the 15-day grace period, which shows a commitment to compliance.
- Delay in filing Form 10-K raises concerns regarding financial transparency.
- Need for additional time to finalize accounting and disclosures may signal internal challenges.
CORAL GABLES, Fla., March 30, 2023 (GLOBE NEWSWIRE) -- MSP Recovery, Inc. d/b/a LifeWallet (NASDAQ: LIFW) (“LifeWallet” or “LIFW” or the “Company”), announces it will cancel and reschedule its March 31, 2023, fourth quarter and full year 2022 earnings release and investors conference call and in addition will file Form 12b-25 Notification of Late Filing with Securities Exchange Commission. The company is currently negotiating amendments to certain material agreements and evaluating the accounting and related disclosure in Form 10K. Therefore, the company will not file its Annual Report on the Form 10-K for the period ended December 31, 2022, within the prescribed time period without unreasonable effort or expense because management needs additional time to finalize and analyze the disclosure in its Form 10-K. The company currently anticipates that it will file its Form 10-K within the 15-day time period prescribed in Rule 12b-25 promulgated under the Securities Exchange Act of 1934. The Company will make a further announcement in a subsequent press release to schedule the date and time of the earnings conference call.
About LifeWallet
Founded in 2014 as MSP Recovery, LifeWallet 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 from responsible parties. LifeWallet provides comprehensive solutions for multiple industries including healthcare, legal, education, and sports NIL, while innovating technologies to help save lives. For more information, visit: investor.lifewallet.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements may generally be identified by the use of words such as "anticipate," "believe," "expect," "intend," "plan" and "will" or, in each case, their negative, or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts, including for example expected terms of the purchase, related financing, or sale of claims pursuant to the transactions described herein, which is not finalized and subject to negotiation and related risks. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. As a result, these statements are not guarantees of future performance or results and actual events may differ materially from those expressed in or suggested by the forward-looking statements. Any forward-looking statement made by MSP Recovery herein speaks only as of the date made. New risks and uncertainties come up from time to time, and it is impossible for MSP to predict or identify all such events or how they may affect it. MSP has no obligation, and does not intend, to update any forward-looking statements after the date hereof, except as required by federal securities laws. Factors that could cause these differences include, but are not limited to, risks associated with the negotiation of the purchase and sale of assets; and those other factors included in MSP’s Quarterly Reports on Form 10-Q or Annual Reports on Form 10-K, and other reports filed by it with the SEC. These statements constitute the Company's cautionary statements under the Private Securities Litigation Reform Act of 1995.
For Media:
ICR, Inc.
lifewallet@icrinc.com
For Investors:
ICR, Inc.
Marc Griffin
Marc.Griffin@icrinc.com
FAQ
What is the reason for LifeWallet's delay in filing its Form 10-K?
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