---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-047577"
form_type: "8-K"
ticker: "ABCP"
cik: "0000020639"
company_name: "AmBase Corp"
filed_at: "2023-10-10T23:59:59+00:00"
generated_at: "2026-06-10T02:55:26.137102+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# AmBase enters $300K promissory note with CEO at 7% interest for working capital

## Summary
- CEO Richard Bianco loans $300,000 at 7% annual interest for working capital, due Oct 31, 2025 or earlier upon receipt of sufficient funds.
- Bianco may convert outstanding amounts into a litigation funding agreement pari passu with any such agreement.
- Company is also seeking approximately $7M in funding from third parties, shareholders, or management.
- No assurance of securing additional funding; company continues to pursue legal remedies regarding 111 West 57th Property.

## SEC filing metadata
- accession: 0001140361-23-047577
- form_type: 8-K
- ticker: ABCP
- cik: 0000020639
- company_name: AmBase Corp
- filed_at: 2023-10-10T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/20639/000114036123047577/0001140361-23-047577-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/20639/000114036123047577/ef20012202_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-047577
- JSON: https://secwatch.observer/filing/0001140361-23-047577.json
- Plain text: https://secwatch.observer/filing/0001140361-23-047577.txt

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