---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-005541"
form_type: "8-K"
ticker: "ABCP"
cik: "0000020639"
company_name: "AmBase Corp"
filed_at: "2023-02-09T23:59:59+00:00"
generated_at: "2026-06-19T21:03:10.010611+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# AmBase gets $300K CEO loan at 6.5% for working capital; due Feb 2025

## Summary
- Principal $300,000 at 6.5% p.a., mature on earlier of receipt of sufficient funds (excluding litigation funding) or Feb 28, 2025.
- CEO Richard Bianco can convert loan into litigation funding agreement pari passu with any future litigation funding.
- Company seeking ~$7M in additional funding from third parties, shareholders, or management; no assurance of securing terms.
- Loan is senior indebtedness; company cannot incur secured or senior debt without CEO consent (except litigation funding).

## SEC filing metadata
- accession: 0001140361-23-005541
- form_type: 8-K
- ticker: ABCP
- cik: 0000020639
- company_name: AmBase Corp
- filed_at: 2023-02-09T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/20639/000114036123005541/0001140361-23-005541-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/20639/000114036123005541/brhc10047810_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-005541
- JSON: https://secwatch.observer/filing/0001140361-23-005541.json
- Plain text: https://secwatch.observer/filing/0001140361-23-005541.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.