{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-23-024103","form_type":"8-K","ticker":"ABCP","cik":"0000020639","company_name":"AmBase Corp","filed_at":"2023-05-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.665361+00:00","generated_at":"2026-06-15T05:02:06.954189+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"AmBase enters $310K promissory note with CEO at 6.5% for working capital","bullets":["$310,000 loan from Chairman/CEO Richard A. Bianco at 6.5% per annum, due May 31, 2025 or upon receipt of funds excluding litigation funding for 111 West 57th property.","Note can be converted at Bianco's option into a litigation funding agreement pari passu with any other litigation funding.","Company is seeking to raise approximately $7M via litigation funding, equity, debt, or loans from third parties, shareholders, or management.","No financial results or guidance in this filing; working capital loan addresses near-term liquidity."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-23-024103","json":"https://secwatch.observer/filing/0001140361-23-024103.json","markdown":"https://secwatch.observer/filing/0001140361-23-024103.md","text":"https://secwatch.observer/filing/0001140361-23-024103.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/20639/000114036123024103/0001140361-23-024103-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/20639/000114036123024103/brhc20052772_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T05:02:06.954189+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"78f1588ac427251728dcc6d5b7ba62ac9ce0b45f","claim":"AmBase Corp entered into Senior Promissory Note with Richard A. Bianco valued at $310,000 at 6.5% per annum (effective 2023-05-01).","evidence_excerpt":"In May 2023, AmBase Corporation (the “Company”) and Mr. Richard A. Bianco, the Company’s Chairman, President and Chief Executive Officer (“Mr. R. A. Bianco”) entered into a Senior Promissory Note for Mr. R. A. Bianco to provide a loan to the Company of three hundred ten thousand dollars ($310,000) at an interest rate of 6.5% per annum, (the “Promissory Note”), for working capital.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/20639/000114036123024103/0001140361-23-024103-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Richard A. Bianco"},{"label":"Value","value":"$310,000 at 6.5% per annum"},{"label":"Effective","value":"2023-05-01"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}