---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-009767"
form_type: "8-K"
ticker: "ABCP"
cik: "0000020639"
company_name: "AmBase Corp"
filed_at: "2024-02-27T23:59:59+00:00"
generated_at: "2026-06-05T13:24:17.381082+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# AmBase CEO provides $100K loan at 7% for working capital; company also plans $8.8M equity offering

## Summary
- CEO Richard A. Bianco loans $100,000 at 7.0% interest, due Feb 28, 2026 or upon receiving sufficient funds from sources excluding litigation funding.
- Loan proceeds provide working capital until completion of private placement of 44.2M shares at $0.20/share for ~$8.8M gross proceeds.
- Amounts due under note can be converted into a litigation funding agreement pari passu with any third-party funder, at CEO's option.
- Company's financial statements have a going concern qualification; continues litigation related to 111 West 57th property.

## SEC filing metadata
- accession: 0001140361-24-009767
- form_type: 8-K
- ticker: ABCP
- cik: 0000020639
- company_name: AmBase Corp
- filed_at: 2024-02-27T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/20639/000114036124009767/0001140361-24-009767-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/20639/000114036124009767/ef20022612_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-009767
- JSON: https://secwatch.observer/filing/0001140361-24-009767.json
- Plain text: https://secwatch.observer/filing/0001140361-24-009767.txt

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