secwatch.observer — SEC 8-K summary
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Issuer:     AmBase Corp (ABCP)
CIK:        0000020639
Form:       8-K
Filed at:   2023-07-20T23:59:59+00:00
Accession:  0001140361-23-035420
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AmBase Corporation obtains $333K loan from CEO at 7% for working capital
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- Senior promissory note from Chairman/CEO Richard A. Bianco for $333,000 at 7% annual interest.
- Loan matures July 31, 2025, or earlier upon receipt of sufficient funds (excluding litigation funding for 111 West 57th).
- Bianco may convert amounts due into a litigation funding agreement pari passu with any third-party litigation funder.
- Company continues to seek approximately $7 million in funding from various sources; no assurance of success.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/20639/000114036123035420/0001140361-23-035420-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/20639/000114036123035420/brhc20056123_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-035420

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