Summary by Futu AI
Palantir Technologies Inc. has filed an amendment to its Schedule 13G with the United States Securities and Exchange Commission (SEC), indicating a change in its ownership stake in MSP Recovery, Inc. As of October 28, 2024, Palantir reported beneficial ownership of 4,718,319 shares of MSP Recovery's Class A Common Stock, which represents 15.2% of the class. This stake includes 2,761,904 shares received on October 28, 2024, as payment for certain outstanding receivables. Prior to this transaction, on September 30, 2024, Palantir held 1,956,415 shares, amounting to 6.3% of the class based on the number of shares outstanding as of September 25, 2024. The filing, dated October 30, 2024, asserts that the shares were not acquired for the purpose of changing or influencing the control of MSP Recovery, Inc. and were not held in connection with any transaction having that purpose or effect.