---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-017579"
form_type: "8-K"
ticker: "ABCP"
cik: "0000020639"
company_name: "AmBase Corp"
filed_at: "2023-04-10T23:59:59+00:00"
generated_at: "2026-06-17T04:21:34.924956+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-23-017579
- form_type: 8-K
- ticker: ABCP
- cik: 0000020639
- company_name: AmBase Corp
- filed_at: 2023-04-10T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/20639/000114036123017579/0001140361-23-017579-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/20639/000114036123017579/brhc10051164_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-017579
- JSON: https://secwatch.observer/filing/0001140361-23-017579.json
- Plain text: https://secwatch.observer/filing/0001140361-23-017579.txt

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