AmBase enters $250K promissory note with CEO for working capital

AmBase Corp

Loan from CEO Richard A. Bianco for $250,000 at 7% interest for working capital.
Maturity: earlier of receipt of sufficient funds from sources (excluding litigation funding) or Aug 31, 2025.
Note may be converted by Bianco into a litigation funding agreement pari passu with any such agreement.
Company continues to evaluate raising ~$7 million via various funding/financing alternatives.

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