---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-059869"
form_type: "8-K"
ticker: "ABCP"
cik: "0000020639"
company_name: "AmBase Corp"
filed_at: "2023-12-28T23:59:59+00:00"
generated_at: "2026-06-07T06:37:20.086829+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# AmBase receives $600K CEO loan at 7%; note due by Dec 2025; seeking $7M total funding

## Summary
- Company entered $600,000 senior promissory note from Chairman/CEO Richard A. Bianco at 7% interest for working capital.
- Note due on earlier of receipt of sufficient funds (excluding litigation funding for 111 West 57th) or Dec 31, 2025.
- Amounts due can be converted by CEO into a litigation funding agreement pari passu with any future funding.
- Company continues efforts to raise approximately $7 million for operations and 111 West 57th legal proceedings.
- CEO may provide additional working capital line of credit if needed, but no assurance of securing funding.

## SEC filing metadata
- accession: 0001140361-23-059869
- form_type: 8-K
- ticker: ABCP
- cik: 0000020639
- company_name: AmBase Corp
- filed_at: 2023-12-28T23:59:59+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/20639/000114036123059869/0001140361-23-059869-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/20639/000114036123059869/ef20017549_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-059869
- JSON: https://secwatch.observer/filing/0001140361-23-059869.json
- Plain text: https://secwatch.observer/filing/0001140361-23-059869.txt

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