MSP Recovery Sinks

by | May 24, 2022

Biote gets approval. Lots of extension votes ahead. And the rest of the day’s news in SPACs.

————————————————-
Free Investor Resources from Boardroom Alpha
—————————————————-
** Podcast: Know Who Drives Return
** Daily SPAC Newsletter
** Full SPAC Listing

MSP Recovery down 53% today

Medicare and Medicaid secondary payer reimbursement recovery leader MSP Recovery (MSPR) deSPAC’d today from Lionheart Acquisition Corporation II (LCAP). MSPR shares declined 53% to close at $5.06. The company, led by Miami attorney John Ruiz (who owns a 65% stake), operates a platform which allows customers to recover any claims where the law places primary payment responsibility on another payer. MSP Recovery generates revenue via fees, which are charged to clients following successful recovery.

HYAC / BTMD gets approval

Haymaker Acquisition Corp. III (HYAC) approved its merger with Biote. Biote trains practitioners how to identify and treat early indicators of hormone-related aging conditions. The company will trade as BTMD on 5/27. Redemptions were not disclosed in the press release.

SPAC extension votes

Source: Twitter

Elsewhere in SPACs

Source: Boardroom Alpha

More from Boardroom Alpha

For ongoing tracking, analytics, and data on SPACs checkout Boardroom Alpha’s SPAC Data and Analytics service.

Recent Analysis

Daily SPAC Update – December 2, 2024

BACQ, RDAC, CCIR Start Separate Trading. BREZ, JWSM, MNTN Shareholders Approve Extensions. ROCL Deal Approved. AITR + American Metals Deal Terminated.

Subscribe to Boardroom Alpha Newsletters

Subscribe to Boardroom Alpha's research to receive the latest on governance, SPACs, and people.

Disclaimer

The opinions and information contained herein have been obtained or derived from sources believed to be reliable, but Boardroom Alpha cannot guarantee its accuracy and completeness, and that of the opinions based thereon. 

This report contains opinions and is provided for informational purposes only – it does not constitute investment, legal or tax advice. You should not rely solely upon the research herein for purposes of transacting securities or other investments, and you are encouraged to conduct your own research and due diligence, and to seek the advice of a qualified securities professional before you make any investment.  

None of the information contained in this report constitutes, or is intended to constitute a recommendation by Boardroom Alpha of any particular security or trading strategy or a determination by BA that any security or trading strategy is suitable for any specific person. To the extent any of the information contained herein may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person.  

No representation or warranty, expressed or implied, is made on behalf of Boardroom Alpha as to the accuracy or completeness of the information contained herein. Boardroom Alpha does not accept any liability for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on all or any part of this research and any liability is expressly disclaimed.