---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-012523"
form_type: "8-K"
ticker: "ABCP"
cik: "0000020639"
company_name: "AmBase Corp"
filed_at: "2024-03-11T23:59:59+00:00"
generated_at: "2026-06-05T00:09:05.803899+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# AmBase enters $100K promissory note from CEO; plans $8.8M equity offering for working capital

## Summary
- CEO Richard A. Bianco lends $100,000 at 7% annual interest for working capital.
- Note due upon receipt of sufficient funds (excluding litigation funding) or March 31, 2026.
- Company announced private offering of 44,200,460 shares at $0.20/share, expected gross proceeds ~$8.8M.
- Equity offering expected to close early April 2024; note provides interim liquidity.
- Company has expressed substantial doubt about ability to continue as a going concern.

## SEC filing metadata
- accession: 0001140361-24-012523
- form_type: 8-K
- ticker: ABCP
- cik: 0000020639
- company_name: AmBase Corp
- filed_at: 2024-03-11T23:59:59+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/20639/000114036124012523/0001140361-24-012523-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/20639/000114036124012523/ef20023780_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-012523
- JSON: https://secwatch.observer/filing/0001140361-24-012523.json
- Plain text: https://secwatch.observer/filing/0001140361-24-012523.txt

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