AmBase receives $50K loan from CEO at 7%; company seeks $7M in funding

AmBase Corp

CEO Richard A. Bianco lends $50,000 at 7% per annum for working capital.
Note matures upon receipt of sufficient funds (excluding litigation funding) or Feb 28, 2026.
Company is evaluating strategic funding alternatives to raise approximately $7 million.
CEO may provide additional working capital line of credit on an as-needed basis.
Company continues to pursue litigation related to 111 West 57th Property.

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