secwatch.observer — SEC 8-K summary
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Issuer:     AmBase Corp (ABCP)
CIK:        0000020639
Form:       8-K
Filed at:   2024-04-01T23:59:59+00:00
Accession:  0001140361-24-016976
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/20639/000114036124016976/0001140361-24-016976-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/20639/000114036124016976/ef20025680_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-016976

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