MSP Recovery has agreed to go public through a merger with a blank-check firm giving the combined company an enterprise value of $32.6 billion, according to people with knowledge of the matter. The agreement with Lionheart Acquisition Corporation II (NasdaqCM:LCAP) could be announced as soon as July 12, 2021, said the people, who asked not to be identified discussing private information. The combined company is expected to trade on the Nasdaq under the symbol MSPR, the people said. Bloomberg News reported last week that MSP and Lionheart were in talks. The deal with Lionheart Acquisition Corp. II is expected to fetch $230 million in proceeds for MSP, it said.