In 2019, Lionheart Acquisition Corp. II (Nasdaq: LCAP) was founded as the company’s second SPAC.
On August 21, 2020, the company raised $230M with its initial public offering and was welcomed into the Nasdaq family with the ringing of the opening bell.
On July 12, 2021, Lionheart Acquisition Corp. II announced its’ business combination with MSP Recovery, a leader in data-driven solutions, recovering improperly paid benefits on behalf of Medicare, Medicaid and commercial payers.
MSP’s valuation is estimated to be $32 billion. On May 26, 2022, MSP Recovery went public on Nasdaq under the ticker MSPR.