Things You'll Need
Instructions
Download the Hellcat Recovery Flasher. Copy the "Recovery" folder.
Insert a memory stick into the PSP and connect your PSP to the pc with the USB cable. Access the PSP memory stick and open the "PSP" folder. There will be a "GAME" folder located inside.
Paste the "Recovery" folder into the "GAME" folder.
Download the 1.50 Sony update from the resource link and put it into the "Recovery" folder now located in memory stick at >PSP>GAME.
Disconnect the PSP from the computer and navigate to the recovery flasher located inside of the game menu of the PSP. It will be right at the top of the menu. Select the recovery flasher.
Select "Install fresh OFW 1.50" which is the second option down. This will create the firmware file from the 1.50 update. After this is finished, select "Restore complete firmware from backup" from the main flasher menu. Wait as your PSP is brought back to 1.50 official firmware.