Summary by Futu AI
Palantir Technologies Inc., a corporation incorporated in Delaware, has filed a Schedule 13G with the United States Securities and Exchange Commission on April 1, 2024, indicating a significant investment in MSP Recovery, Inc. As of March 22, 2024, Palantir holds 955,647 shares of MSP Recovery's Class A Common Stock, which represents 6.5% of the class based on the total number of shares outstanding as reported by MSP Recovery on February 2, 2024. The shares include 256,410 received on March 22, 2024, as payment for certain outstanding receivables. Palantir has sole voting and dispositive power over all the shares it owns. The filing asserts that the acquisition of these shares is not intended to change or influence the control of MSP Recovery, Inc. and is not connected with any transaction that has such purpose or effect.