---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-004045"
form_type: "8-K"
ticker: "ABCP"
cik: "0000020639"
company_name: "AmBase Corp"
filed_at: "2024-01-26T23:59:59+00:00"
generated_at: "2026-06-06T16:45:45.045350+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# AmBase obtains $100,000 promissory note from CEO at 7% interest

## Summary
- CEO Richard A. Bianco lends AmBase $100,000 at 7% annual interest for working capital.
- Note matures upon sufficient funds from any source (excluding litigation funding) or Dec 31, 2025.
- Bianco may convert note into a litigation funding agreement pari passu with other funders.
- Company states it is seeking approximately $7M in financing for operations and 111 West 57th litigation.

## SEC filing metadata
- accession: 0001140361-24-004045
- form_type: 8-K
- ticker: ABCP
- cik: 0000020639
- company_name: AmBase Corp
- filed_at: 2024-01-26T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/20639/000114036124004045/0001140361-24-004045-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/20639/000114036124004045/ef20019900_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-004045
- JSON: https://secwatch.observer/filing/0001140361-24-004045.json
- Plain text: https://secwatch.observer/filing/0001140361-24-004045.txt

## Key facts
- Material Agreements
  AmBase Corp entered into Senior Promissory Note with Richard A. Bianco valued at $100,000 loan at 7% per annum, due earlier of sufficient funds (excluding litigation funding entity (effective 2024-01-01).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Richard A. Bianco
  - Value: $100,000 loan at 7% per annum, due earlier of sufficient funds (excluding litigation funding entity
  - Effective: 2024-01-01
  source text: In January 2024, AmBase Corporation (the “Company”) and Mr. Richard A. Bianco, the Company’s Chairman, President and Chief Executive Officer (“Mr. R. A. Bianco”) entered into a Senior Promissory Note for Mr. R. A. Bianco to provide a loan to the Company of one hundred thousand dollars ($100,000) at an interest rate of 7.0% per annum, (the “Promissory Note”), for working capital.
  evidence_url: https://www.sec.gov/Archives/edgar/data/20639/000114036124004045/0001140361-24-004045-index.htm

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