AmBase receives $450K loan from CEO Richard A. Bianco at 7% interest for working capital

AmBase Corp

CEO Richard A. Bianco loaned $450,000 to AmBase at 7% annual interest for working capital.
Note due earlier of receipt of sufficient funds (excluding litigation funding) or Nov 30, 2025.
AmBase seeks ~$7 million in total funding; exploring third-party, shareholder, or management sources.
Bianco may convert note into a litigation funding agreement pari passu with any such agreement.
Company continues to pursue recovery on its 111 West 57th Property interest.

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