---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-031436"
form_type: "8-K"
ticker: "ABCP"
cik: "0000020639"
company_name: "AmBase Corp"
filed_at: "2023-06-26T23:59:59+00:00"
generated_at: "2026-06-13T17:22:30.862933+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# AmBase enters $330K promissory note with CEO Bianco at 7% for working capital

## Summary
- CEO Richard A. Bianco lends $330,000 at 7.00% annual interest to AmBase for working capital.
- Note matures earlier of one week after sufficient funding from any source (excl. litigation funding) or June 30, 2025.
- Principal plus interest convertible by Bianco into a litigation funding agreement on pari passu basis.
- Company continues seeking ~$7 million in funding from third parties, shareholders, or management.
- Bianco has indicated willingness to provide additional working capital line of credit if needed.

## SEC filing metadata
- accession: 0001140361-23-031436
- form_type: 8-K
- ticker: ABCP
- cik: 0000020639
- company_name: AmBase Corp
- filed_at: 2023-06-26T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/20639/000114036123031436/0001140361-23-031436-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/20639/000114036123031436/brhc20054784_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-031436
- JSON: https://secwatch.observer/filing/0001140361-23-031436.json
- Plain text: https://secwatch.observer/filing/0001140361-23-031436.txt

## Key facts
- Material Agreements
  AmBase Corp entered into Promissory Note with Mr. Richard A. Bianco valued at three hundred thirty thousand dollars ($330,000).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Mr. Richard A. Bianco
  - Value: three hundred thirty thousand dollars ($330,000)
  source text: In June 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 thirty thousand dollars ($330,000) at an interest rate of 7.0% per annum, (the “Promissory Note”), for working capital.
  evidence_url: https://www.sec.gov/Archives/edgar/data/20639/000114036123031436/0001140361-23-031436-index.htm

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