---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-006465"
form_type: "8-K"
ticker: "ABCP"
cik: "0000020639"
company_name: "AmBase Corp"
filed_at: "2024-02-08T23:59:59+00:00"
generated_at: "2026-06-06T05:57:40.832901+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-24-006465
- form_type: 8-K
- ticker: ABCP
- cik: 0000020639
- company_name: AmBase Corp
- filed_at: 2024-02-08T23:59:59+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/20639/000114036124006465/0001140361-24-006465-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/20639/000114036124006465/ef20021131_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-006465
- JSON: https://secwatch.observer/filing/0001140361-24-006465.json
- Plain text: https://secwatch.observer/filing/0001140361-24-006465.txt

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