LifeWallet files its Form 10-Q for the period ended March 31, 2023

Rhea-AI Summary

LifeWallet, a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery and technology leader, has received a notification from Nasdaq for non-compliance with listing rule 5250(c). The company is working to file its Form 10-Q for the period ended June 30, 2023, and plans to hold a conference call to discuss its status and outlook.

Positive

• LifeWallet is a leader in reimbursement recovery and technology solutions for healthcare. The company's strategy and daily operations continue to disrupt the antiquated healthcare reimbursement system. Investors can look forward to a conference call discussing the company's historical events, current status, and future outlook.

Negative

• LifeWallet has received a notification of non-compliance with Nasdaq listing rule 5250(c), indicating a delay in filing its Form 10-Q for the period ended June 30, 2023.

LifeWallet Receives Nasdaq Notification of Non-Compliance with Listing Rule 5250(c) and Expects to File Form 10-Q for the period ended June 30, 2023 in the coming weeks

CORAL GABLES, Fla., Aug. 17, 2023 (GLOBE NEWSWIRE) -- MSP Recovery, Inc. d/b/a LifeWallet (NASDAQ: LIFW) ("LifeWallet," or the "Company"), a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery and technology leader, announced it has filed its Form 10-Q for the period ended March 31, 2023.

Additionally, the Company received a notification letter on August 16, 2023 from the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”) stating the Company was not in compliance with the requirements of Nasdaq Listing Rule 5250(c)(1) as a result of not having timely filed its Form 10-Q for the period ended June 30, 2023 (the “Form 10-Q”) with the Securities and Exchange Commission (“SEC”).

The Company is working expeditiously to file its Form 10-Q for the period ending June 30, 2023. Subsequently, the company looks forward to holding a conference call to discuss historical events, current status, and futuristic outlook. The Company continues its strategy, daily operations, and mission to disrupt the antiquated healthcare reimbursement system with data-driven solutions for consumers and industries.

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: www.lifewallet.com

For Investors:
ICR, Inc.
Marc Griffin
Marc.Griffin@icrinc.com

For Media:
ICR, Inc.
MSP@icrinc.com

FAQ

What is LifeWallet's main focus?

LifeWallet is focused on reimbursement recovery and technology solutions for healthcare.

What is the reason for the non-compliance notification from Nasdaq?

The non-compliance notification is due to LifeWallet's delay in filing its Form 10-Q for the period ended June 30, 2023.

What can investors expect from LifeWallet?

Investors can expect a conference call to discuss the company's historical events, current status, and future outlook.