AmBase completes private placement of 44.2M shares at $0.20, raising ~$8.8M

AmBase Corp

Completed private placement of 44,200,460 common shares at $0.20/share, raising approximately $8.84M.
1,250,000 shares sold to unaffiliated institutional investor; 42,950,460 shares sold to affiliate BARC Investments LLC.
BARC is owned and controlled by directors Alessandra F. Bianco, Richard A. Bianco Jr., and their sibling Christina Bianco.
Offering exempt under Rule 506(c) of Regulation D; terms previously disclosed in Form 8-K on Feb. 28, 2024.

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