---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-009294"
form_type: "8-K"
ticker: "ABCP"
cik: "0000020639"
company_name: "AmBase Corp"
filed_at: "2024-02-23T23:59:59+00:00"
generated_at: "2026-06-05T17:42:07.218373+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# AmBase to raise ~$8.8M via private placement of 44.2M shares at $0.20/sh to fund operations and litigation

## Summary
- Private placement of 44,200,460 shares at $0.20/sh; expected gross proceeds ~$8.8M.
- Only existing accredited stockholders as of Feb 28, 2024 can subscribe up to 108.5% of pro rata share.
- BARC Investments, LLC (affiliate of directors Bianco) will standby-purchase any unsubscribed shares.
- Proceeds to fund operations, litigation on 111 West 57th Property, and repay obligations.
- Company has going-concern qualification; also exploring up to $5M in third-party litigation funding.

## SEC filing metadata
- accession: 0001140361-24-009294
- form_type: 8-K
- ticker: ABCP
- cik: 0000020639
- company_name: AmBase Corp
- filed_at: 2024-02-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/20639/000114036124009294/0001140361-24-009294-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/20639/000114036124009294/ef20022340_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-009294
- JSON: https://secwatch.observer/filing/0001140361-24-009294.json
- Plain text: https://secwatch.observer/filing/0001140361-24-009294.txt

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