MIAMI--(BUSINESS WIRE)--On June 2, 2023, we wrote an open letter to shareholders of Cano Health, Inc. ("Cano") warning that Cano was "carrying a ~$60 million receivable asset from" MSP Recovery, Inc. ("MSP") that was "unlikely to ever be realized" by Cano.
We did not intend to convey that the registered shares of MSP's Class A common stock were worthless or practically worthless or to comment on MSP's management or business model.
On July 17, 2023, we wrote another open letter criticizing two Cano Directors.
Again, we did not intend to convey that the registered shares of MSP's Class A common stock were worthless or practically worthless or to comment on MSP's management or business model. Since the dissemination of the June 2, 2023, and the July 17, 2023, letters, Cano has sold all the 7,960,000 shares that were delivered to it by MSP as payment for the referenced transaction.
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Media Contact
Steven Cohen
203.913.4072
scohen@intandemcapital.com