---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-055033"
form_type: "8-K"
ticker: "ABCP"
cik: "0000020639"
company_name: "AmBase Corp"
filed_at: "2023-11-28T23:59:59+00:00"
generated_at: "2026-06-07T21:14:32.706947+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-23-055033
- form_type: 8-K
- ticker: ABCP
- cik: 0000020639
- company_name: AmBase Corp
- filed_at: 2023-11-28T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/20639/000114036123055033/0001140361-23-055033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/20639/000114036123055033/ef20015468_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-055033
- JSON: https://secwatch.observer/filing/0001140361-23-055033.json
- Plain text: https://secwatch.observer/filing/0001140361-23-055033.txt

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