AmBase obtains $325,000 loan from CEO at 6.5% for working capital

AmBase Corp

CEO Richard A. Bianco provides $325,000 loan at 6.5% annual interest, due April 30, 2025 or earlier upon receipt of certain funds.
Loan may be converted into a litigation funding agreement on a pari passu basis with any future litigation funding.
Company is considering raising approximately $7 million in additional funding through various sources including third parties, shareholders, or management.
Proceeds used for working capital; company continues to pursue litigation related to the 111 West 57th Property.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.